Arbor Realty Trust (NYSE:ABR) Reaches New 52-Week Low – Here’s Why

Shares of Arbor Realty Trust (NYSE:ABR) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $8.37 and last traded at $8.3850, with a volume of 2113543 shares changing hands. The stock had previously closed at $8.79.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JMP Securities lowered their target price on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a report on Tuesday, August 19th. Keefe, Bruyette & Woods decreased their price objective on Arbor Realty Trust from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arbor Realty Trust in a report on Monday. JPMorgan Chase & Co. reduced their target price on Arbor Realty Trust from $11.50 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 3rd. Finally, Piper Sandler set a $10.00 price target on Arbor Realty Trust and gave the company an “underweight” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $11.00.

Arbor Realty Trust Price Performance

The company has a 50 day moving average of $11.18 and a 200 day moving average of $11.03. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 9.39 and a beta of 1.38.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.07. The company had revenue of $162.49 million during the quarter, compared to the consensus estimate of $72.26 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. Equities research analysts predict that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 14.0%. The ex-dividend date is Friday, November 14th. Arbor Realty Trust’s dividend payout ratio (DPR) is 150.00%.

Insider Activity at Arbor Realty Trust

In related news, CEO Ivan Kaufman bought 29,000 shares of Arbor Realty Trust stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average cost of $8.34 per share, with a total value of $241,860.00. Following the purchase, the chief executive officer owned 54,000 shares in the company, valued at approximately $450,360. This trade represents a 116.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is currently owned by insiders.

Institutional Trading of Arbor Realty Trust

A number of institutional investors have recently modified their holdings of ABR. Amalgamated Bank increased its position in Arbor Realty Trust by 1.8% during the 2nd quarter. Amalgamated Bank now owns 54,581 shares of the real estate investment trust’s stock worth $584,000 after purchasing an additional 962 shares in the last quarter. Jamison Private Wealth Management Inc. grew its stake in shares of Arbor Realty Trust by 7.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 15,108 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 1,086 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Arbor Realty Trust by 77.8% during the second quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,130 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Arbor Realty Trust by 6.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 17,527 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 1,130 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Arbor Realty Trust by 14.7% in the 1st quarter. Covestor Ltd now owns 8,965 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 1,146 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors.

About Arbor Realty Trust

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates through Structured Business and Agency Business segments. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities.