Arbor Realty Trust (NYSE:ABR) Sets New 1-Year Low Following Analyst Downgrade

Arbor Realty Trust (NYSE:ABR)’s stock price reached a new 52-week low on Friday after Citizens Jmp lowered their price target on the stock from $9.50 to $8.50. Citizens Jmp currently has a market outperform rating on the stock. Arbor Realty Trust traded as low as $5.67 and last traded at $5.7450, with a volume of 586023 shares traded. The stock had previously closed at $5.84.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods reduced their target price on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a research report on Tuesday. Weiss Ratings downgraded shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Finally, Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Arbor Realty Trust presently has an average rating of “Reduce” and an average price target of $8.00.

Insider Transactions at Arbor Realty Trust

In other news, insider David Erwin Friedman acquired 8,840 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $6.84 per share, with a total value of $60,465.60. Following the transaction, the insider owned 68,478 shares of the company’s stock, valued at $468,389.52. This trade represents a 14.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds have recently made changes to their positions in ABR. Caxton Associates LLP increased its holdings in shares of Arbor Realty Trust by 27.9% in the first quarter. Caxton Associates LLP now owns 260,559 shares of the real estate investment trust’s stock worth $2,009,000 after purchasing an additional 56,830 shares during the last quarter. First Trust Advisors LP lifted its position in Arbor Realty Trust by 124.9% during the first quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust’s stock valued at $4,246,000 after purchasing an additional 305,844 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Arbor Realty Trust by 57.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,654 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 5,734 shares during the last quarter. Swiss National Bank raised its position in shares of Arbor Realty Trust by 2.1% during the 1st quarter. Swiss National Bank now owns 387,251 shares of the real estate investment trust’s stock valued at $2,986,000 after buying an additional 8,100 shares in the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of Arbor Realty Trust in the 1st quarter valued at about $29,000. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Trading Down 1.1%

The company has a 50-day moving average of $7.68 and a 200 day moving average of $8.15. The company has a debt-to-equity ratio of 2.71, a current ratio of 428.41 and a quick ratio of 394.59. The company has a market cap of $1.11 billion, a PE ratio of 14.78 and a beta of 1.24.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.09). The company had revenue of $119.67 million during the quarter, compared to the consensus estimate of $109.86 million. Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. Analysts predict that Arbor Realty Trust will post 0.77 earnings per share for the current year.

Arbor Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 11.8%. Arbor Realty Trust’s payout ratio is currently 307.69%.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.