Arbor Realty Trust (NYSE:ABR) Sets New 12-Month Low After Analyst Downgrade

Arbor Realty Trust (NYSE:ABR)’s stock price hit a new 52-week low during mid-day trading on Monday after Piper Sandler lowered their price target on the stock from $10.00 to $8.00. Piper Sandler currently has an underweight rating on the stock. Arbor Realty Trust traded as low as $7.77 and last traded at $7.9050, with a volume of 575186 shares traded. The stock had previously closed at $7.97.

A number of other research firms also recently weighed in on ABR. Weiss Ratings restated a “hold (c-)” rating on shares of Arbor Realty Trust in a research note on Monday, December 15th. JPMorgan Chase & Co. lowered their price target on shares of Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Thursday, December 4th. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $8.50 target price (down from $11.00) on shares of Arbor Realty Trust in a report on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $9.63.

Insider Activity at Arbor Realty Trust

In related news, CEO Ivan Kaufman purchased 29,000 shares of Arbor Realty Trust stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average cost of $8.34 per share, with a total value of $241,860.00. Following the transaction, the chief executive officer owned 54,000 shares of the company’s stock, valued at approximately $450,360. The trade was a 116.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Institutional investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp purchased a new stake in shares of Arbor Realty Trust during the second quarter worth $27,000. Allworth Financial LP boosted its position in shares of Arbor Realty Trust by 77.8% during the 2nd quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,130 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Arbor Realty Trust by 73.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,175 shares during the period. HM Payson & Co. acquired a new stake in Arbor Realty Trust in the 3rd quarter valued at $31,000. Finally, Ameritas Advisory Services LLC bought a new stake in Arbor Realty Trust in the second quarter valued at $32,000. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Trading Down 1.4%

The company’s fifty day moving average price is $9.70 and its two-hundred day moving average price is $10.82. The company has a quick ratio of 287.79, a current ratio of 287.79 and a debt-to-equity ratio of 2.51. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 9.84 and a beta of 1.38.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.07. The company had revenue of $162.49 million during the quarter, compared to the consensus estimate of $72.26 million. Arbor Realty Trust had a return on equity of 11.63% and a net margin of 20.07%. Research analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.20 annualized dividend and a yield of 15.3%. Arbor Realty Trust’s dividend payout ratio is presently 150.00%.

About Arbor Realty Trust

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.