Arbor Realty Trust (NYSE:ABR) Shares Gap Down - Should You Sell?

Key Points

• Shares of Arbor Realty Trust gapped down—opening at $8.15 vs. a $8.50 close and last near $8.10 on ~1.07M shares—while analysts' consensus rating is Reduce with a $9.50 consensus price target.
• The company declared a quarterly dividend of $0.30 (annualized $1.20), reflecting a 14.7% yield
• Arbor has elevated leverage (debt-to-equity ~2.41) and a $1.57B market cap, and institutional investors own about 57% of the shares with several funds notably increasing positions recently.

Arbor Realty Trust (NYSE:ABR - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $8.50, but opened at $8.15. Arbor Realty Trust shares last traded at $8.0950, with a volume of 1,074,504 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ABR. Weiss Ratings cut shares of Arbor Realty Trust from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, February 24th. Zacks Research upgraded shares of Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Friday, February 20th. JPMorgan Chase & Co. decreased their price objective on shares of Arbor Realty Trust from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Thursday, December 4th. Wall Street Zen raised Arbor Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 28th. Finally, Keefe, Bruyette & Woods upped their target price on Arbor Realty Trust from $7.50 to $8.00 and gave the stock an "underperform" rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $9.50.

Arbor Realty Trust Price Performance

The company has a market cap of $1.57 billion, a P/E ratio of 14.81 and a beta of 1.36. The company has a fifty day simple moving average of $7.85 and a 200-day simple moving average of $9.53. The company has a debt-to-equity ratio of 2.41, a current ratio of 394.59 and a quick ratio of 394.59.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 14.7%. Arbor Realty Trust's dividend payout ratio is currently 218.18%.

Institutional Investors Weigh In On Arbor Realty Trust

Large investors have recently made changes to their positions in the company. Balyasny Asset Management L.P. boosted its position in shares of Arbor Realty Trust by 296.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust's stock worth $29,765,000 after buying an additional 2,869,132 shares during the period. Marshall Wace LLP acquired a new stake in Arbor Realty Trust during the 2nd quarter worth about $26,358,000. Schonfeld Strategic Advisors LLC purchased a new position in Arbor Realty Trust during the 4th quarter valued at about $10,219,000. Wasatch Advisors LP grew its stake in Arbor Realty Trust by 19.2% during the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust's stock valued at $49,541,000 after acquiring an additional 654,583 shares in the last quarter. Finally, Azora Capital LP acquired a new stake in shares of Arbor Realty Trust during the third quarter worth approximately $7,897,000. Institutional investors and hedge funds own 57.25% of the company's stock.

About Arbor Realty Trust

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.

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