Arbor Realty Trust (NYSE:ABR) Hits New 52-Week Low – Here’s What Happened

Arbor Realty Trust (NYSE:ABR) shares hit a new 52-week low on Wednesday . The company traded as low as $4.99 and last traded at $5.01, with a volume of 732291 shares traded. The stock had previously closed at $5.16.

Wall Street Analyst Weigh In

ABR has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Arbor Realty Trust in a research note on Friday, May 22nd. Citizens Jmp dropped their target price 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. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Keefe, Bruyette & Woods lowered their price target 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 assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Arbor Realty Trust has an average rating of “Reduce” and a consensus target price of $8.00.

Arbor Realty Trust Stock Performance

The company’s fifty day simple moving average is $6.53 and its two-hundred day simple moving average is $7.44. 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 stock has a market capitalization of $997.39 million, a P/E ratio of 13.29 and a beta of 1.14.

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 the consensus estimate of $0.16 by ($0.09). The firm had revenue of $119.67 million during the quarter, compared to analyst estimates 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 analysts forecast that Arbor Realty Trust will post 0.38 EPS for the current year.

Arbor Realty Trust Cuts Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.1%. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 174.36%.

Insider Activity

In related news, insider David Erwin Friedman sold 7,685 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $6.87, for a total value of $52,795.95. Following the transaction, the insider directly owned 59,638 shares in the company, valued at approximately $409,713.06. This represents a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.20% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of Arbor Realty Trust by 3.5% in the first quarter. Royal Bank of Canada now owns 132,181 shares of the real estate investment trust’s stock valued at $1,553,000 after buying an additional 4,470 shares in the last quarter. Jones Financial Companies Lllp grew its position in Arbor Realty Trust by 25,163.2% during the first quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 4,781 shares in the last quarter. United Services Automobile Association acquired a new stake in Arbor Realty Trust during the first quarter worth approximately $145,000. Focus Partners Wealth bought a new position in Arbor Realty Trust during the 1st quarter worth $161,000. Finally, Russell Investments Group Ltd. increased its stake in Arbor Realty Trust by 61.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,705 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,782 shares during the period. Institutional investors own 57.25% of the company’s stock.

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.