Arbor Realty Trust (NYSE:ABR) Reaches New 52-Week Low – Here’s Why

Arbor Realty Trust (NYSE:ABR) shares hit a new 52-week low on Saturday . The company traded as low as $5.50 and last traded at $5.5750, with a volume of 6088642 shares changing hands. The stock had previously closed at $5.91.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ABR. Weiss Ratings lowered shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. Keefe, Bruyette & Woods reduced their price objective on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a report on Tuesday, May 12th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Citizens Jmp reduced their price objective on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a report on Thursday, May 14th. Finally, Wall Street Zen lowered shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $8.00.

Arbor Realty Trust Price Performance

The company has a debt-to-equity ratio of 2.71, a quick ratio of 428.41 and a current ratio of 428.41. The company has a market capitalization of $1.07 billion, a PE ratio of 14.29 and a beta of 1.24. The company’s 50-day simple moving average is $7.37 and its 200-day simple moving average is $7.94.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share (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 business had revenue of $119.67 million for the quarter, compared to analysts’ expectations of $109.86 million. As a group, sell-side analysts anticipate that Arbor Realty Trust will post 0.77 earnings per share for the current year.

Arbor Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 12.2%. The ex-dividend date is Friday, May 22nd. Arbor Realty Trust’s dividend payout ratio (DPR) is 307.69%.

Insider Activity

In other news, insider David Erwin Friedman purchased 8,840 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of $6.84 per share, for a total transaction of $60,465.60. Following the completion of the purchase, the insider directly owned 68,478 shares in the company, valued at $468,389.52. The trade was a 14.82% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ABR. Balyasny Asset Management L.P. increased its stake in shares of Arbor Realty Trust by 296.8% during 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 acquiring an additional 2,869,132 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Arbor Realty Trust during the fourth quarter worth about $10,219,000. Wasatch Advisors LP increased its stake in shares of Arbor Realty Trust by 19.2% during 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 acquiring an additional 654,583 shares during the period. Azora Capital LP acquired a new position in shares of Arbor Realty Trust during the third quarter worth about $7,897,000. Finally, Van ECK Associates Corp increased its stake in shares of Arbor Realty Trust by 41.9% during the fourth quarter. Van ECK Associates Corp now owns 1,892,783 shares of the real estate investment trust’s stock worth $14,688,000 after acquiring an additional 559,209 shares during the period. 57.25% of the stock is currently owned by institutional investors and hedge funds.

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.