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 Monday after Keefe, Bruyette & Woods lowered their price target on the stock from $5.00 to $3.00. Keefe, Bruyette & Woods currently has an underperform rating on the stock. Arbor Realty Trust traded as low as $2.78 and last traded at $2.7950, with a volume of 390,563 shares changing hands. The stock had previously closed at $2.87.

ABR has been the subject of several other reports. Weiss Ratings lowered Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Citizens Jmp reiterated a “market perform” rating on shares of Arbor Realty Trust in a research report on Tuesday, September 29th. JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $5.50 in a research note on Friday, July 17th. Piper Sandler decreased their price objective on shares of Arbor Realty Trust from $5.00 to $3.50 and set an “underweight” rating for the company in a report on Friday. Finally, Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $5.12.

Insider Buying and Selling

In other Arbor Realty Trust news, Director William Green bought 25,951 shares of Arbor Realty Trust stock in a transaction on Monday, August 31st. The shares were purchased at an average cost of $5.07 per share, for a total transaction of $131,571.57. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.20% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Large investors have recently bought and sold shares of the business. NorthCrest Asset Manangement LLC acquired a new stake in Arbor Realty Trust during the 3rd quarter worth approximately $47,000. GAMMA Investing LLC boosted its holdings in shares of Arbor Realty Trust by 285.1% in the third quarter. GAMMA Investing LLC now owns 27,468 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 20,336 shares during the period. Amundi boosted its holdings in shares of Arbor Realty Trust by 225.7% in the second quarter. Amundi now owns 32,825 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 22,748 shares during the period. HighTower Advisors LLC bought a new stake in shares of Arbor Realty Trust during the second quarter worth $60,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Arbor Realty Trust during the second quarter worth $138,000. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Price Performance

The company has a debt-to-equity ratio of 2.33, a current ratio of 478.85 and a quick ratio of 478.85. The company’s 50-day moving average price is $4.56 and its 200-day moving average price is $5.56. The company has a market cap of $525.17 million, a P/E ratio of 40.21 and a beta of 1.22.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $117.83 million for the quarter, compared to analysts’ expectations of $107.75 million. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. As a group, sell-side analysts predict that Arbor Realty Trust will post 0.19 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 24.2%. The ex-dividend date was Friday, August 14th. Arbor Realty Trust’s payout ratio is 971.43%.

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.