Arbor Realty Trust (NYSE:ABR) Sees Large Volume Increase – Should You Buy?

Arbor Realty Trust (NYSE:ABRGet Free Report) saw unusually-high trading volume on Wednesday . Approximately 2,748,986 shares were traded during mid-day trading, a decline of 33% from the previous session’s volume of 4,083,700 shares.The stock last traded at $5.3950 and had previously closed at $5.42.

Analyst Ratings Changes

A number of brokerages have recently commented on ABR. Citizens Jmp dropped their price target on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a research report on Thursday, May 14th. Wall Street Zen downgraded Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Keefe, Bruyette & Woods cut their target price on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a research note on Tuesday, May 12th. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Arbor Realty Trust in a research report on Friday, May 22nd. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $8.00.

Check Out Our Latest Stock Analysis on Arbor Realty Trust

Arbor Realty Trust Stock Performance

The company has a market capitalization of $1.05 billion, a PE ratio of 13.94 and a beta of 1.14. The business’s fifty day moving average is $6.13 and its two-hundred day moving average is $7.23. The company has a current ratio of 428.41, a quick ratio of 428.41 and a debt-to-equity ratio of 2.71.

Arbor Realty Trust (NYSE:ABRGet Free Report) last released its quarterly earnings data 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). Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. The business had revenue of $119.67 million during the quarter, compared to the consensus estimate of $109.86 million. Equities research analysts predict that Arbor Realty Trust will post 0.38 earnings per share for the current year.

Arbor Realty Trust Cuts Dividend

The firm also recently declared 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date of this dividend was Friday, May 22nd. Arbor Realty Trust’s dividend payout ratio is presently 174.36%.

Insider Activity

In other Arbor Realty Trust news, insider David Erwin Friedman acquired 8,840 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $6.84 per share, with a total value of $60,465.60. Following the completion of the transaction, the insider directly owned 68,478 shares of the company’s stock, valued at approximately $468,389.52. This represents a 14.82% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of ABR. Bank of America Corp DE boosted its holdings in shares of Arbor Realty Trust by 13.6% during the 1st quarter. Bank of America Corp DE now owns 486,195 shares of the real estate investment trust’s stock valued at $3,749,000 after acquiring an additional 58,372 shares during the last quarter. Strait & Sound Wealth Management LLC bought a new position in Arbor Realty Trust during the first quarter valued at approximately $1,382,000. Sunbelt Securities Inc. lifted its position in Arbor Realty Trust by 24.6% during the first quarter. Sunbelt Securities Inc. now owns 228,930 shares of the real estate investment trust’s stock valued at $1,765,000 after purchasing an additional 45,166 shares during the period. Amundi purchased a new stake in Arbor Realty Trust in the first quarter worth approximately $78,000. Finally, California State Teachers Retirement System grew its position in Arbor Realty Trust by 35.7% in the 1st quarter. California State Teachers Retirement System now owns 249,856 shares of the real estate investment trust’s stock worth $1,926,000 after purchasing an additional 65,667 shares during the period. Institutional investors own 57.25% of the company’s stock.

About Arbor Realty Trust

(Get Free Report)

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.

Further Reading

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