Arbor Realty Trust (NYSE:ABR) Sets New 1-Year Low – Here’s What Happened

Shares of Arbor Realty Trust (NYSE:ABR) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $7.66 and last traded at $7.6850, with a volume of 3605760 shares trading hands. The stock had previously closed at $7.96.

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen lowered Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Arbor Realty Trust in a research report on Monday, December 29th. Keefe, Bruyette & Woods reissued 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. Finally, 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 report on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $9.63.

Arbor Realty Trust Price Performance

The company has a current ratio of 287.79, a quick ratio of 287.79 and a debt-to-equity ratio of 2.51. The company has a market cap of $1.50 billion, a P/E ratio of 9.61 and a beta of 1.39. The firm has a 50 day moving average of $8.76 and a 200-day moving average of $10.61.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. Arbor Realty Trust had a net margin of 20.07% and a return on equity of 11.63%. The business had revenue of $162.49 million during the quarter, compared to analyst estimates of $72.26 million. On average, equities research analysts predict that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were paid a $0.30 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.20 annualized dividend and a yield of 15.6%. Arbor Realty Trust’s payout ratio is presently 150.00%.

Insider Activity at Arbor Realty Trust

In related news, CEO Ivan Kaufman acquired 29,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was acquired at an average price of $8.34 per share, with a total value of $241,860.00. Following the acquisition, the chief executive officer directly owned 54,000 shares of the company’s stock, valued at approximately $450,360. This trade represents a 116.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 3.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ABR. Kingstone Capital Partners Texas LLC bought a new stake in Arbor Realty Trust during the second quarter worth approximately $447,944,000. Marshall Wace LLP purchased a new position in shares of Arbor Realty Trust in the 2nd quarter worth approximately $26,358,000. Balyasny Asset Management L.P. bought a new position in shares of Arbor Realty Trust during the 2nd quarter valued at approximately $21,534,000. Wasatch Advisors LP raised its holdings in Arbor Realty Trust by 19.2% during the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock valued at $49,541,000 after buying an additional 654,583 shares during the period. Finally, Azora Capital LP purchased a new stake in Arbor Realty Trust during the 3rd quarter valued at $7,897,000. 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.