Arbor Realty Trust (NYSE:ABR) Trading Down 5.3% – Here’s What Happened
by Teresa Graham · The Cerbat GemShares of Arbor Realty Trust (NYSE:ABR – Get Free Report) dropped 5.3% on Friday . The stock traded as low as $5.57 and last traded at $5.5950. Approximately 2,873,950 shares traded hands during trading, a decline of 29% from the average daily volume of 4,075,646 shares. The stock had previously closed at $5.91.
Analyst Upgrades and Downgrades
ABR has been the subject of several analyst reports. Wall Street Zen cut Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Citizens Jmp dropped their price objective on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a report on Thursday, May 14th. Keefe, Bruyette & Woods dropped their price objective on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a report on Tuesday, May 12th. Finally, Weiss Ratings cut Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $8.00.
Get Our Latest Stock Report on ABR
Arbor Realty Trust Price Performance
The stock has a market cap of $1.07 billion, a P/E ratio of 14.24 and a beta of 1.24. The firm has a 50-day moving average price of $7.42 and a 200-day moving average price of $7.95. The company has a debt-to-equity ratio of 2.71, a quick ratio of 428.41 and a current ratio of 428.41.
Arbor Realty Trust (NYSE:ABR – Get Free Report) last posted its quarterly earnings data 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 company had revenue of $119.67 million for the quarter, compared to the consensus estimate of $109.86 million. On average, analysts forecast that Arbor Realty Trust will post 0.77 earnings per share 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 paid a $0.17 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.68 annualized dividend and a dividend yield of 12.2%. Arbor Realty Trust’s payout ratio is currently 307.69%.
Insider Buying and Selling at Arbor Realty Trust
In other news, insider David Erwin Friedman acquired 8,840 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average price of $6.84 per share, with a total value of $60,465.60. Following the completion of the acquisition, the insider directly owned 68,478 shares of the company’s stock, valued at approximately $468,389.52. The trade was a 14.82% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.20% of the stock is owned by corporate insiders.
Institutional Trading of Arbor Realty Trust
Hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. purchased a new stake in Arbor Realty Trust in the 1st quarter worth approximately $29,000. Smartleaf Asset Management LLC lifted its holdings in 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 in the last quarter. Bayforest Capital Ltd bought a new position in shares of Arbor Realty Trust in the fourth quarter worth approximately $39,000. Rothschild Investment LLC boosted its position in shares of Arbor Realty Trust by 1,264.6% in the third quarter. Rothschild Investment LLC now owns 3,275 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 3,035 shares during the period. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of Arbor Realty Trust in the fourth quarter worth $42,000. 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.