Arbor Realty Trust (NYSE:ABR) Hits New 12-Month Low – Here’s What Happened

Arbor Realty Trust (NYSE:ABR) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.65 and last traded at $4.6560, with a volume of 3783943 shares traded. The stock had previously closed at $4.72.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ABR shares. Keefe, Bruyette & Woods decreased their price target on Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating for the company in a research note on Monday, August 3rd. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Weiss Ratings cut Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised Arbor Realty Trust from an “underweight” rating to a “neutral” rating and cut their price objective for the company from $7.00 to $5.50 in a report on Friday, July 17th. Finally, Piper Sandler decreased their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating for the company in a research note on Monday, August 3rd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $6.00.

Arbor Realty Trust Price Performance

The firm has a market capitalization of $844.18 million, a price-to-earnings ratio of 64.64 and a beta of 1.15. The company’s 50 day moving average is $5.06 and its 200-day moving average is $6.14. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $117.83 million during the quarter, compared to analysts’ expectations of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. Equities research analysts anticipate that Arbor Realty Trust will post 0.29 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 15.0%. The ex-dividend date was Friday, August 14th. Arbor Realty Trust’s payout ratio is currently 971.43%.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, Director William Green bought 25,951 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average cost of $5.07 per share, with a total value of $131,571.57. Following the acquisition, the director owned 231,369 shares of the company’s stock, valued at $1,173,040.83. The trade was a 12.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. bought a new position in shares of Arbor Realty Trust in the first quarter valued at about $29,000. North Star Investment Management Corp. bought a new stake in shares of Arbor Realty Trust during the 1st quarter worth about $54,000. Public Employees Retirement System of Ohio acquired a new position in Arbor Realty Trust in the 2nd quarter valued at about $49,000. Forty three Eighteen Advisors LLC acquired a new position in Arbor Realty Trust in the 4th quarter valued at about $78,000. Finally, Leonteq Securities AG bought a new position in Arbor Realty Trust in the 4th quarter valued at about $78,000. 57.25% of the stock is owned by institutional investors.

About Arbor Realty Trust

Arbor Realty Trust, Inc is a real estate investment trust that specializes in financing and investing in commercial real estate. The company focuses primarily on the multifamily housing sector, providing capital to property owners, operators and developers through a range of lending and investment programs.

Its business activities include originating bridge and structured loans, acquiring or investing in mortgage-related assets, and providing mezzanine loans and preferred equity investments.