Arbor Realty Trust (NYSE:ABR – Get Free Report) shares reached a new 52-week low during trading on Monday after Keefe, Bruyette & Woods lowered their price target on the stock from $5.00 to $3.00. Keefe, Bruyette & Woods currently has an underperform rating on the stock. Arbor Realty Trust traded as low as $2.78 and last traded at $2.7950, with a volume of 390,563 shares changing hands. The stock had previously closed at $2.87.
A number of other research analysts have also issued reports on ABR. Weiss Ratings lowered shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. upgraded Arbor Realty Trust from an “underweight” rating to a “neutral” rating and dropped their target price for the company from $7.00 to $5.50 in a research note on Friday, July 17th. Piper Sandler lowered their price target on Arbor Realty Trust from $5.00 to $3.50 and set an “underweight” rating for the company in a report on Friday. Finally, Citizens Jmp restated a “market perform” rating on shares of Arbor Realty Trust in a report on Tuesday, September 29th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust presently has an average rating of “Reduce” and an average target price of $5.12.
View Our Latest Report on Arbor Realty Trust
Insider Activity at Arbor Realty Trust
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of ABR. BlackRock Inc. purchased a new position in shares of Arbor Realty Trust in the 2nd quarter valued at $143,448,000. Bank of New York Mellon Corp purchased a new position in Arbor Realty Trust in the 2nd quarter worth approximately $7,702,000. Principal Financial Group Inc. boosted its stake in shares of Arbor Realty Trust by 2.0% in the first quarter. Principal Financial Group Inc. now owns 951,200 shares of the real estate investment trust’s stock valued at $7,334,000 after purchasing an additional 18,529 shares during the period. First Trust Advisors LP grew its stake in shares of Arbor Realty Trust by 124.9% during the first quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust’s stock valued at $4,246,000 after acquiring an additional 305,844 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in 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 purchasing an additional 58,372 shares in the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.
Arbor Realty Trust Trading Down 1.6%
The firm has a market cap of $527.03 million, a P/E ratio of 40.36 and a beta of 1.22. The company has a quick ratio of 478.85, a current ratio of 478.85 and a debt-to-equity ratio of 2.33. The business’s 50 day moving average is $4.61 and its 200-day moving average is $5.60.
Arbor Realty Trust (NYSE:ABR – Get Free Report) last released its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $117.83 million during the quarter, compared to the consensus estimate of $107.75 million. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. As a group, analysts forecast that Arbor Realty Trust will post 0.23 earnings per share for the current fiscal year.
Arbor Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 24.1%. The ex-dividend date was Friday, August 14th. Arbor Realty Trust’s dividend payout ratio (DPR) is 971.43%.
About Arbor Realty Trust
Arbor Realty Trust, Inc is a real estate investment trust that provides financing for multifamily and other commercial real estate properties. The company originates, acquires, and invests in a range of structured finance products, including bridge loans, mezzanine loans, preferred equity investments, and other real estate-related debt investments.
Through its lending platforms and subsidiaries, Arbor Realty Trust also provides agency lending services for multifamily properties. These activities include originating and servicing loans through programs associated with Fannie Mae, Freddie Mac, and the U.S.
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