Arbor Realty Trust (NYSE:ABR) Stock Price Down 5.8% – Should You Sell?

Shares of Arbor Realty Trust (NYSE:ABR) traded down 5.8% during trading on Thursday. The stock traded as low as $3.64 and last traded at $3.6350. 1,481,378 shares were traded during trading, a decline of 64% from the average daily volume of 4,164,012 shares. The stock had previously closed at $3.86.

Wall Street Analysts Forecast Growth

ABR has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating for the company in a report on Monday, August 3rd. Citizens Jmp reiterated a “market perform” rating on shares of Arbor Realty Trust in a report on Tuesday. Piper Sandler reduced their price target on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating for the company in a research report on Monday, August 3rd. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Finally, Weiss Ratings cut Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Arbor Realty Trust has an average rating of “Reduce” and an average price target of $6.00.

Arbor Realty Trust Stock Performance

The business’s fifty day moving average price is $4.89 and its 200-day moving average price is $5.84. The company has a debt-to-equity ratio of 2.33, a quick ratio of 478.85 and a current ratio of 478.85. The stock has a market cap of $689.34 million, a PE ratio of 52.93 and a beta of 1.15.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The firm had revenue of $117.83 million during 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, equities research analysts forecast that Arbor Realty Trust will post 0.23 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a yield of 18.4%. Arbor Realty Trust’s payout ratio is currently 971.43%.

Insider Buying and Selling at Arbor Realty Trust

In other news, Director William Green purchased 25,951 shares of the stock in a transaction dated Monday, August 31st. The shares were purchased at an average cost of $5.07 per share, with a total value of $131,571.57. Following the acquisition, the director directly owned 231,369 shares of the company’s stock, valued at $1,173,040.83. This represents a 12.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is owned by insiders.

Institutional Trading of Arbor Realty Trust

A number of hedge funds have recently bought and sold shares of ABR. Amundi grew its stake in shares of Arbor Realty Trust by 225.7% during the 2nd quarter. Amundi now owns 32,825 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 22,748 shares during the period. HighTower Advisors LLC bought a new position in shares of Arbor Realty Trust in the 2nd quarter worth approximately $60,000. Two Sigma Securities LLC bought a new position in shares of Arbor Realty Trust in the 2nd quarter worth approximately $138,000. Beacon Pointe Advisors LLC purchased a new position in shares of Arbor Realty Trust in the second quarter worth approximately $280,000. Finally, Strait & Sound Wealth Management LLC purchased a new position in shares of Arbor Realty Trust in the second quarter worth approximately $71,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that specializes in financing and investing in commercial real estate. The company focuses primarily on the multifamily housing sector, providing capital to property owners, operators and developers through a range of lending and investment programs.

Its business activities include originating bridge and structured loans, acquiring or investing in mortgage-related assets, and providing mezzanine loans and preferred equity investments.