Arbor Realty Trust (NYSE:ABR) Shares Gap Down – Here’s Why

Arbor Realty Trust (NYSE:ABR) shares gapped down prior to trading on Friday . The stock had previously closed at $5.26, but opened at $5.09. Arbor Realty Trust shares last traded at $5.1650, with a volume of 534,381 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ABR shares. Zacks Research downgraded Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Citizens Jmp dropped 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. Keefe, Bruyette & Woods cut 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 research report on Monday, August 3rd. Weiss Ratings lowered shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and dropped their price target for the company from $7.00 to $5.50 in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $6.00.

Arbor Realty Trust Stock Down 2.9%

The stock has a fifty day simple moving average of $5.14 and a two-hundred day simple moving average of $6.57. The firm has a market cap of $952.38 million, a PE ratio of 73.07 and a beta of 1.15. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. The business had revenue of $117.83 million for the quarter, compared to analyst estimates of $107.75 million. As a group, sell-side analysts expect that Arbor Realty Trust will post 0.29 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date is Friday, August 14th. Arbor Realty Trust’s dividend payout ratio (DPR) is 971.43%.

Hedge Funds Weigh In On Arbor Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABR. Royal Bank of Canada increased its stake in Arbor Realty Trust by 3.5% in the 1st quarter. Royal Bank of Canada now owns 132,181 shares of the real estate investment trust’s stock worth $1,553,000 after acquiring an additional 4,470 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Arbor Realty Trust by 25,163.2% during the 1st quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 4,781 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Arbor Realty Trust during the first quarter worth about $145,000. Focus Partners Wealth purchased a new position in shares of Arbor Realty Trust during the first quarter worth about $161,000. Finally, Russell Investments Group Ltd. increased its position in shares of Arbor Realty Trust by 61.0% in the second quarter. Russell Investments Group Ltd. now owns 4,705 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,782 shares during the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

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.