Arbor Realty Trust (NYSE:ABR) Shares Up 6.3% – Here’s Why

Arbor Realty Trust (NYSE:ABR) was up 6.3% during mid-day trading on Monday . The stock traded as high as $6.16 and last traded at $6.1550. Approximately 1,696,113 shares changed hands during trading, a decline of 58% from the average daily volume of 4,004,890 shares. The stock had previously closed at $5.79.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings lowered Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. Citizens Jmp reduced 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 note on Thursday, May 14th. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Keefe, Bruyette & Woods lowered their target price on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a research note on Tuesday, May 12th. Finally, Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $8.00.

Arbor Realty Trust Price Performance

The company has a debt-to-equity ratio of 2.71, a current ratio of 428.41 and a quick ratio of 428.41. The company has a fifty day moving average price of $7.52 and a 200 day moving average price of $8.02. The company has a market capitalization of $1.12 billion, a P/E ratio of 14.94 and a beta of 1.24.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data 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 return on equity of 8.49% and a net margin of 12.73%.The company had revenue of $119.67 million for the quarter, compared to the consensus estimate of $109.86 million. On average, sell-side analysts forecast that Arbor Realty Trust will post 0.77 EPS for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend is Friday, May 22nd. Arbor Realty Trust’s payout ratio is 174.36%.

Insider Activity

In other Arbor Realty Trust news, insider David Erwin Friedman acquired 8,840 shares of Arbor Realty Trust stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $6.84 per share, for a total transaction of $60,465.60. Following the completion of the transaction, the insider owned 68,478 shares in the company, valued at approximately $468,389.52. This represents a 14.82% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Several hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. acquired a new position in Arbor Realty Trust during the 1st quarter worth $29,000. Smartleaf Asset Management LLC increased its holdings in shares of Arbor Realty Trust by 73.5% during the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,175 shares during the period. Bayforest Capital Ltd bought a new stake in shares of Arbor Realty Trust during the fourth quarter valued at about $39,000. Rothschild Investment LLC raised its stake in shares of Arbor Realty Trust by 1,264.6% during the third quarter. Rothschild Investment LLC now owns 3,275 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 3,035 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in Arbor Realty Trust in the fourth quarter worth about $42,000. 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.