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

Arbor Realty Trust (NYSE:ABR) hit a new 52-week low during trading on Thursday . The company traded as low as $4.80 and last traded at $4.8160, with a volume of 1307792 shares traded. The stock had previously closed at $5.08.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ABR shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Arbor Realty Trust in a research report on Friday, May 22nd. Keefe, Bruyette & Woods decreased their target price on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a report on Tuesday, May 12th. Zacks Research downgraded shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Piper Sandler reduced their price target 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, July 2nd. Finally, Citizens Jmp decreased 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 research note on Thursday, May 14th. 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. Based on data from MarketBeat, Arbor Realty Trust currently has an average rating of “Reduce” and a consensus price target of $6.50.

Arbor Realty Trust Stock Performance

The stock has a market cap of $930.07 million, a price-to-earnings ratio of 12.42 and a beta of 1.15. 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 company has a 50 day simple moving average of $5.23 and a 200 day simple moving average of $6.79.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.09). The company had revenue of $119.67 million for the quarter, compared to the consensus estimate 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 forecast that Arbor Realty Trust will post 0.25 EPS for the current year.

Arbor Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date was Friday, May 22nd. Arbor Realty Trust’s dividend payout ratio is presently 174.36%.

Insiders Place Their Bets

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 sale, the insider 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 legal filing with the SEC, which is available at this hyperlink. 4.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ABR. Smartleaf Asset Management LLC boosted its position in Arbor Realty Trust by 73.5% during the 2nd 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. Bessemer Group Inc. bought a new position in shares of Arbor Realty Trust during the first quarter valued at $29,000. Quantbot Technologies LP bought a new stake in shares of Arbor Realty Trust in the second quarter worth $46,000. Larson Financial Group LLC grew its stake in shares of Arbor Realty Trust by 98.9% in the third quarter. Larson Financial Group LLC now owns 4,411 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 2,193 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in 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 valued at $50,000 after purchasing an additional 1,782 shares during the period. 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.