Arbor Realty Trust (NYSE:ABR) Sets New 52-Week Low – What’s Next?

Arbor Realty Trust (NYSE:ABR)’s share price reached a new 52-week low on Monday . The stock traded as low as $4.97 and last traded at $4.99, with a volume of 5222319 shares trading hands. The stock had previously closed at $5.27.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ABR shares. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Piper Sandler cut their target price on shares of Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating on the stock in a research report on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of Arbor Realty Trust in a research note on Friday, May 22nd. Citizens Jmp lowered their target price on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a report on Thursday, May 14th. Finally, Keefe, Bruyette & Woods dropped their target price on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $7.38.

Arbor Realty Trust Stock Performance

The company has a current ratio of 428.41, a quick ratio of 428.41 and a debt-to-equity ratio of 2.71. The stock has a market cap of $959.88 million, a PE ratio of 12.79 and a beta of 1.15. The business’s 50-day moving average price is $5.95 and its 200-day moving average price is $7.16.

Arbor Realty Trust (NYSE:ABR) last posted its 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). The firm had revenue of $119.67 million for the quarter, compared to analysts’ expectations of $109.86 million. Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. As a group, equities research analysts expect that Arbor Realty Trust will post 0.38 earnings per share for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 13.6%. The ex-dividend date was Friday, May 22nd. Arbor Realty Trust’s dividend payout ratio is currently 174.36%.

Insider Buying and Selling at Arbor Realty Trust

In related news, insider David Erwin Friedman sold 7,685 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $6.87, for a total transaction of $52,795.95. Following the transaction, the insider directly owned 59,638 shares in the company, valued at $409,713.06. The trade was a 11.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Arbor Realty Trust

Several institutional investors have recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. grew 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 last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Arbor Realty Trust in the 4th quarter valued at approximately $10,219,000. Wasatch Advisors LP raised its position in shares of Arbor Realty Trust by 19.2% in the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock valued at $49,541,000 after purchasing an additional 654,583 shares during the last quarter. Azora Capital LP acquired a new stake in Arbor Realty Trust in the 3rd quarter worth approximately $7,897,000. Finally, Van ECK Associates Corp grew its position in Arbor Realty Trust by 41.9% during the 4th quarter. Van ECK Associates Corp now owns 1,892,783 shares of the real estate investment trust’s stock worth $14,688,000 after purchasing an additional 559,209 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

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.