Arbor Realty Trust (NYSE:ABR) Hits New 52-Week Low on Analyst Downgrade

Arbor Realty Trust, Inc. (NYSE:ABR) reached a new 52-week low on Monday after Keefe, Bruyette & Woods lowered their price target on the stock from $12.00 to $11.75. Keefe, Bruyette & Woods currently has a market perform rating on the stock. Arbor Realty Trust traded as low as $10.07 and last traded at $10.41, with a volume of 1001451 shares trading hands. The stock had previously closed at $11.21.

Other analysts have also issued research reports about the stock. Raymond James lowered shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. JPMorgan Chase & Co. decreased their price objective on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.71.

Institutional Trading of Arbor Realty Trust

Large investors have recently bought and sold shares of the business. Dunhill Financial LLC bought a new stake in shares of Arbor Realty Trust in the 4th quarter valued at about $29,000. Bernard Wealth Management Corp. purchased a new stake in Arbor Realty Trust in the 4th quarter valued at $36,000. Smartleaf Asset Management LLC grew its stake in shares of Arbor Realty Trust by 280.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 1,934 shares in the last quarter. Quarry LP raised its position in Arbor Realty Trust by 249.6% in the fourth quarter. Quarry LP now owns 3,531 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 2,521 shares during the period. Finally, Shakespeare Wealth Management LLC bought a new stake in shares of Arbor Realty Trust in the 4th quarter worth approximately $59,000. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Price Performance

The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. The stock has a market cap of $2.09 billion, a PE ratio of 9.31 and a beta of 1.66. The business has a 50-day moving average price of $12.68 and a 200 day moving average price of $13.89.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. The company had revenue of $262.87 million during the quarter, compared to the consensus estimate of $88.92 million. As a group, research analysts forecast that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, March 7th. This represents a $1.72 dividend on an annualized basis and a yield of 15.59%. Arbor Realty Trust’s dividend payout ratio is currently 144.54%.

Arbor Realty Trust Company Profile

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.