Arbor Realty Trust (NYSE:ABR) Sees Strong Trading Volume – Should You Buy?

Arbor Realty Trust (NYSE:ABR) shares saw an uptick in trading volume on Wednesday . 2,748,986 shares were traded during mid-day trading, a decline of 33% from the previous session’s volume of 4,083,700 shares.The stock last traded at $5.3950 and had previously closed at $5.42.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ABR. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Piper Sandler decreased their price target on Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating for the company in a report on Thursday. Citizens Jmp lowered their price objective on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research report on Thursday, May 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Arbor Realty Trust in a research report on Friday, May 22nd. Finally, Wall Street Zen lowered shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $7.38.

Arbor Realty Trust Stock Performance

The company has a quick ratio of 428.41, a current ratio of 428.41 and a debt-to-equity ratio of 2.71. The company has a 50 day moving average of $6.01 and a 200 day moving average of $7.18. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 13.44 and a beta of 1.15.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 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 business had revenue of $119.67 million during the quarter, compared to analysts’ expectations of $109.86 million. As a group, equities research analysts expect that Arbor Realty Trust will post 0.38 EPS for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date was Friday, May 22nd. Arbor Realty Trust’s payout ratio is 174.36%.

Insider Transactions at Arbor Realty Trust

In related news, insider David Erwin Friedman sold 7,685 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $6.87, for a total value of $52,795.95. Following the sale, the insider directly owned 59,638 shares of the company’s stock, valued at $409,713.06. This represents a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Arbor Realty Trust by 1.4% in the 4th quarter. State Street Corp now owns 7,469,100 shares of the real estate investment trust’s stock worth $57,960,000 after purchasing an additional 101,730 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Arbor Realty Trust by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 4,651,016 shares of the real estate investment trust’s stock worth $36,098,000 after purchasing an additional 78,068 shares during the last quarter. Wasatch Advisors LP grew its stake in Arbor Realty Trust by 19.2% in the third quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock worth $49,541,000 after purchasing an additional 654,583 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Arbor Realty Trust by 296.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust’s stock worth $29,765,000 after purchasing an additional 2,869,132 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Arbor Realty Trust by 2.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,100,538 shares of the real estate investment trust’s stock worth $24,060,000 after acquiring an additional 60,979 shares in the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

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.