Arbor Realty Trust (NYSE:ABR) Stock Price Down 5.3% – What’s Next?

Arbor Realty Trust (NYSE:ABR)’s share price fell 5.3% during trading on Friday . The company traded as low as $5.57 and last traded at $5.5950. 2,873,950 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 4,075,646 shares. The stock had previously closed at $5.91.

Wall Street Analyst Weigh In

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

Arbor Realty Trust Stock Down 5.7%

The stock has a 50-day simple moving average of $7.37 and a two-hundred day simple moving average of $7.94. 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 firm has a market cap of $1.07 billion, a PE ratio of 14.29 and a beta of 1.24.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share 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 firm had revenue of $119.67 million for the quarter, compared to analysts’ expectations of $109.86 million. Analysts expect that Arbor Realty Trust will post 0.77 earnings per share for the current year.

Arbor Realty Trust Cuts Dividend

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

Insiders Place Their Bets

In other Arbor Realty Trust news, insider David Erwin Friedman sold 7,685 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was 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 $409,713.06. This trade represents a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Arbor Realty Trust

Large investors have recently added to or reduced their stakes in the company. Amalgamated Bank increased its holdings in shares of Arbor Realty Trust by 1.9% in the third quarter. Amalgamated Bank now owns 55,643 shares of the real estate investment trust’s stock worth $679,000 after buying an additional 1,062 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Arbor Realty Trust by 6.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 17,527 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 1,130 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Arbor Realty Trust by 73.5% in the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,175 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Arbor Realty Trust by 33.4% in the second quarter. Geneos Wealth Management Inc. now owns 5,092 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,276 shares during the period. Finally, Atlantic Union Bankshares Corp increased its holdings in shares of Arbor Realty Trust by 52.2% in the third quarter. Atlantic Union Bankshares Corp now owns 3,805 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,305 shares during the period. Hedge funds and other institutional investors 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.