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

Arbor Realty Trust (NYSE:ABR) shares reached a new 52-week low on Monday . The company traded as low as $4.24 and last traded at $4.3160, with a volume of 11555659 shares trading hands. The stock had previously closed at $4.28.

Wall Street Analysts Forecast Growth

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

Arbor Realty Trust Stock Performance

The company has a 50-day moving average price of $5.04 and a two-hundred day moving average price of $6.08. The stock has a market capitalization of $801.28 million, a P/E ratio of 60.93 and a beta of 1.15. The company has a quick ratio of 478.85, a current ratio of 478.85 and a debt-to-equity ratio of 2.33.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $117.83 million during the quarter, compared to analyst estimates of $107.75 million. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. Equities analysts expect that Arbor Realty Trust will post 0.29 earnings per share for the current 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 given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 15.8%. The ex-dividend date was Friday, August 14th. Arbor Realty Trust’s dividend payout ratio (DPR) is 971.43%.

Insider Buying and Selling

In other Arbor Realty Trust news, Director William Green bought 25,951 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were acquired at an average cost of $5.07 per share, for a total transaction of $131,571.57. Following the purchase, the director directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Arbor Realty Trust

Several hedge funds have recently bought and sold shares of ABR. Bessemer Group Inc. purchased a new position in Arbor Realty Trust in the 1st quarter worth approximately $29,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Arbor Realty Trust during the 2nd quarter valued at $49,000. North Star Investment Management Corp. bought a new stake in shares of Arbor Realty Trust during the 1st quarter worth $54,000. Gables Capital Management Inc. bought a new stake in shares of Arbor Realty Trust during the 2nd quarter worth $59,000. Finally, HighTower Advisors LLC purchased a new position in Arbor Realty Trust in the second quarter worth $60,000. 57.25% of the stock is currently 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.