Arbor Realty Trust (NYSE:ABR) Hits New 1-Year Low – Here’s Why

Arbor Realty Trust, Inc. (NYSE:ABR) shares hit a new 52-week low during trading on Monday . The stock traded as low as $11.35 and last traded at $11.52, with a volume of 745080 shares traded. The stock had previously closed at $11.76.

Analyst Upgrades and Downgrades

ABR has been the subject of several recent research reports. Keefe, Bruyette & Woods reduced their price objective on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Finally, Raymond James cut shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Arbor Realty Trust has a consensus rating of “Hold” and a consensus price target of $13.75.

Arbor Realty Trust Price Performance

The stock has a market cap of $2.25 billion, a PE ratio of 9.98 and a beta of 2.05. The stock’s fifty day moving average is $12.79 and its 200-day moving average is $13.96. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (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 firm had revenue of $262.87 million for the quarter, compared to analyst estimates of $88.92 million. As a group, equities analysts anticipate that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 14.49%. The ex-dividend date of this dividend was Friday, March 7th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 144.54%.

Institutional Trading of Arbor Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of ABR. Dunhill Financial LLC purchased a new position in Arbor Realty Trust during the fourth quarter worth about $29,000. Smartleaf Asset Management LLC increased its holdings in 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 valued at $36,000 after purchasing an additional 1,934 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in Arbor Realty Trust in the fourth quarter valued at approximately $36,000. Glenmede Trust Co. NA lifted its stake in Arbor Realty Trust by 33.1% during the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 701 shares in the last quarter. Finally, Quarry LP boosted its position in shares of Arbor Realty Trust by 249.6% during the fourth quarter. Quarry LP now owns 3,531 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 2,521 shares during the period. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

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.