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

Shares of Arbor Realty Trust (NYSE:ABR) reached a new 52-week low on Monday . The company traded as low as $4.97 and last traded at $4.99, with a volume of 5222319 shares traded. The stock had previously closed at $5.27.

Analyst Ratings Changes

ABR has been the topic of a number of research reports. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods lowered their price target on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Arbor Realty Trust in a research note on Friday, May 22nd. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, Piper Sandler decreased their target price on shares of Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating for the company in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Arbor Realty Trust currently has an average rating of “Reduce” and an average target price of $7.38.

Arbor Realty Trust Stock Down 0.1%

The company has a market cap of $949.30 million, a P/E ratio of 12.65 and a beta of 1.15. The company’s 50-day moving average is $5.84 and its two-hundred day moving average is $7.11. The company has a debt-to-equity ratio of 2.71, a current ratio of 428.41 and a quick ratio of 428.41.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, May 8th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.09). Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. The business had revenue of $119.67 million for the quarter, compared to analysts’ expectations of $109.86 million. As a group, equities analysts predict that Arbor Realty Trust will post 0.32 earnings per share for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 13.8%. Arbor Realty Trust’s payout ratio is 174.36%.

Insider Activity

In other news, insider David Erwin Friedman sold 7,685 shares of Arbor Realty Trust stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $6.87, for a total value of $52,795.95. Following the completion of the sale, the insider directly owned 59,638 shares in the company, valued at $409,713.06. The trade was a 11.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. increased its position in Arbor Realty Trust by 296.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust’s stock valued at $29,765,000 after acquiring an additional 2,869,132 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Arbor Realty Trust in the fourth quarter worth about $10,219,000. Wasatch Advisors LP boosted its position in Arbor Realty Trust by 19.2% in the third quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock worth $49,541,000 after purchasing an additional 654,583 shares during the last quarter. Azora Capital LP bought a new stake in shares of Arbor Realty Trust during the 3rd quarter valued at about $7,897,000. Finally, Van ECK Associates Corp grew its stake in shares of Arbor Realty Trust by 41.9% during the 4th quarter. Van ECK Associates Corp now owns 1,892,783 shares of the real estate investment trust’s stock valued at $14,688,000 after purchasing an additional 559,209 shares during the period. Institutional investors own 57.25% of the company’s stock.

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.