Arbor Realty Trust (NYSE:ABR) Sets New 52-Week Low After Analyst Downgrade

Arbor Realty Trust (NYSE:ABR) shares reached a new 52-week low during mid-day trading on Friday after Citizens Jmp lowered their price target on the stock from $9.50 to $8.50. Citizens Jmp currently has a market outperform rating on the stock. Arbor Realty Trust traded as low as $5.67 and last traded at $5.7450, with a volume of 586023 shares traded. The stock had previously closed at $5.84.

A number of other research analysts have also commented on ABR. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods lowered their price objective on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a research report on Tuesday. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, Weiss Ratings lowered shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $8.00.

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, insider David Erwin Friedman sold 7,685 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $6.87, for a total transaction of $52,795.95. Following the sale, the insider owned 59,638 shares in the company, valued at approximately $409,713.06. This trade represents a 11.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. bought a new stake in Arbor Realty Trust during the first quarter valued at about $29,000. Smartleaf Asset Management LLC lifted its holdings in 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 worth $29,000 after purchasing an additional 1,175 shares in the last quarter. Bayforest Capital Ltd bought a new position in Arbor Realty Trust in the 4th quarter worth approximately $39,000. Rothschild Investment LLC grew its holdings in Arbor Realty Trust by 1,264.6% during the 3rd quarter. Rothschild Investment LLC now owns 3,275 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 3,035 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Arbor Realty Trust during the fourth quarter valued at approximately $42,000. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Price Performance

The company has a quick ratio of 394.59, a current ratio of 428.41 and a debt-to-equity ratio of 2.71. The firm’s fifty day moving average price is $7.68 and its 200 day moving average price is $8.15. The stock has a market cap of $1.11 billion, a PE ratio of 14.78 and a beta of 1.24.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.09). Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%.The company had revenue of $119.67 million during the quarter, compared to analysts’ expectations of $109.86 million. As a group, equities analysts expect that Arbor Realty Trust will post 0.77 EPS for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend is Friday, May 22nd. Arbor Realty Trust’s payout ratio is presently 307.69%.

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.