Arbor Realty Trust (NYSE:ABR) Shares Down 6% After Earnings Miss

Arbor Realty Trust (NYSE:ABR) shares fell 6% during trading on Monday following a weaker than expected earnings announcement. The stock traded as low as $6.70 and last traded at $6.7750. 2,152,154 shares traded hands during trading, a decline of 43% from the average session volume of 3,772,484 shares. The stock had previously closed at $7.21.

The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $119.67 million during the quarter, compared to analysts’ expectations of $109.86 million.

Arbor Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 9.9%. Arbor Realty Trust’s dividend payout ratio is presently 307.69%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ABR. Citizens Jmp reduced their price target on Arbor Realty Trust from $12.00 to $11.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 2nd. Weiss Ratings lowered Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 24th. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen downgraded Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, Keefe, Bruyette & Woods upped their price objective on Arbor Realty Trust from $7.50 to $8.00 and gave the stock an “underperform” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $9.00.

Institutional Trading of Arbor Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. GraniteShares Advisors LLC acquired a new stake in Arbor Realty Trust in the 4th quarter valued at $2,699,000. Azora Capital LP acquired a new stake in Arbor Realty Trust in the 3rd quarter valued at $7,897,000. Hudson Bay Capital Management LP acquired a new stake in Arbor Realty Trust in the 3rd quarter valued at $4,942,000. Lighthouse Investment Partners LLC increased its holdings in Arbor Realty Trust by 184.2% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 348,371 shares of the real estate investment trust’s stock valued at $4,254,000 after purchasing an additional 225,775 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Arbor Realty Trust by 165.0% in the 4th quarter. SG Americas Securities LLC now owns 117,042 shares of the real estate investment trust’s stock valued at $908,000 after purchasing an additional 72,873 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Trading Down 4.6%

The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 17.63 and a beta of 1.24. The company has a debt-to-equity ratio of 2.71, a quick ratio of 394.59 and a current ratio of 428.41. The firm has a fifty day moving average of $7.84 and a 200-day moving average of $8.34.

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.