Arbor Realty Trust (NYSE:ABR) Sets New 1-Year Low – Here’s Why

Arbor Realty Trust (NYSE:ABR)’s stock price reached a new 52-week low on Monday. The stock traded as low as $2.53 and last traded at $2.6750, with a volume of 7,951,756 shares changing hands. The stock had previously closed at $2.69.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ABR shares. Piper Sandler lowered their target price on shares of Arbor Realty Trust from $5.00 to $3.50 and set an “underweight” rating on the stock in a report on Friday, October 9th. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and cut their price target for the company from $7.00 to $5.50 in a research note on Friday, July 17th. Weiss Ratings cut shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Keefe, Bruyette & Woods decreased their price objective on shares of Arbor Realty Trust from $5.00 to $3.00 and set an “underperform” rating for the company in a research report on Friday, October 9th. Finally, Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $5.12.

Arbor Realty Trust Stock Up 8.4%

The company has a quick ratio of 478.85, a current ratio of 478.85 and a debt-to-equity ratio of 2.33. The firm has a 50 day simple moving average of $4.31 and a 200-day simple moving average of $5.40. The stock has a market cap of $540.09 million, a P/E ratio of 41.36 and a beta of 1.22.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. The company had revenue of $117.83 million during the quarter, compared to analysts’ expectations of $107.75 million. On average, equities research analysts forecast that Arbor Realty Trust will post 0.19 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 23.5%. The ex-dividend date was Friday, August 14th. Arbor Realty Trust’s dividend payout ratio is 971.43%.

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, Director William Green purchased 25,951 shares of the business’s stock in a transaction on Monday, August 31st. The stock was acquired at an average price of $5.07 per share, with a total value of $131,571.57. Following the acquisition, the director directly owned 231,369 shares of the company’s stock, valued at $1,173,040.83. This trade represents a 12.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Arbor Realty Trust during the 2nd quarter worth approximately $143,448,000. Bank of New York Mellon Corp bought a new stake in Arbor Realty Trust in the 2nd quarter valued at $7,702,000. Principal Financial Group Inc. grew its holdings in Arbor Realty Trust by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 951,200 shares of the real estate investment trust’s stock valued at $7,334,000 after buying an additional 18,529 shares in the last quarter. First Trust Advisors LP grew its holdings in Arbor Realty Trust by 124.9% in the 1st quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust’s stock valued at $4,246,000 after buying an additional 305,844 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Arbor Realty Trust by 13.6% in the 1st quarter. Bank of America Corp DE now owns 486,195 shares of the real estate investment trust’s stock valued at $3,749,000 after buying an additional 58,372 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that provides financing for multifamily and other commercial real estate properties. The company originates, acquires, and invests in a range of structured finance products, including bridge loans, mezzanine loans, preferred equity investments, and other real estate-related debt investments.

Through its lending platforms and subsidiaries, Arbor Realty Trust also provides agency lending services for multifamily properties. These activities include originating and servicing loans through programs associated with Fannie Mae, Freddie Mac, and the U.S.