Arbor Realty Trust (NYSE:ABR) Hits New 1-Year Low – Time to Sell?

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

Analyst Ratings Changes

Several brokerages recently commented on ABR. 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. Piper Sandler decreased their price objective 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. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Keefe, Bruyette & Woods dropped their target price on shares of Arbor Realty Trust from $5.00 to $3.00 and set an “underperform” rating for the company in a report on Friday, October 9th. Finally, JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and reduced their price target for the company from $7.00 to $5.50 in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Arbor Realty Trust presently has a consensus rating of “Reduce” and a consensus price target of $5.12.

Arbor Realty Trust Price Performance

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 company has a market cap of $499.05 million, a price-to-earnings ratio of 38.21 and a beta of 1.22. The company has a fifty day simple moving average of $4.35 and a two-hundred day simple moving average of $5.43.

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

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed 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 25.4%. The ex-dividend date of this dividend was Friday, August 14th. Arbor Realty Trust’s dividend payout ratio is presently 971.43%.

Insiders Place Their Bets

In other Arbor Realty Trust news, Director William Green bought 25,951 shares of the business’s stock in a transaction on Monday, August 31st. The stock was bought at an average price of $5.07 per share, for a total transaction of $131,571.57. Following the completion of the transaction, the director owned 231,369 shares in the company, valued at approximately $1,173,040.83. The trade was a 12.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ABR. BlackRock Inc. purchased a new stake in Arbor Realty Trust in the 2nd quarter valued at approximately $143,448,000. Bank of New York Mellon Corp acquired a new stake in Arbor Realty Trust during the 2nd quarter valued at $7,702,000. Miller Value Partners LLC acquired a new stake in Arbor Realty Trust during the 2nd quarter valued at $3,312,000. Legal & General Group Plc purchased a new position in Arbor Realty Trust during the second quarter worth $2,326,000. Finally, Odyssean LLC increased its position in Arbor Realty Trust by 227.4% during the second quarter. Odyssean LLC now owns 570,598 shares of the real estate investment trust’s stock worth $3,093,000 after buying an additional 396,292 shares in the last quarter. 57.25% of the stock is owned by hedge funds and other 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.