Arbor Realty Trust (NYSE:ABR) Shares Gap Down - What's Next?

Key Points

• Arbor Realty Trust shares fell, opening at $5.09 versus a prior close of $5.26, and last traded near $5.17. The stock remains below its 200-day moving average of $6.57.
• Analyst sentiment is broadly negative: four analysts rate the stock Sell, one rates it Hold and one Buy, producing a consensus “Reduce” rating and a $6.00 price target.
• The company reported quarterly EPS of $0.10, beating the $0.05 estimate, and revenue of $117.83 million. It declared a $0.17 quarterly dividend, equivalent to a 13.3% yield, though its payout ratio is an elevated 971.43%.

Arbor Realty Trust (NYSE:ABR - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $5.26, but opened at $5.09. Arbor Realty Trust shares last traded at $5.1650, with a volume of 534,381 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ABR. Citizens Jmp reduced their price target on shares of Arbor Realty Trust from $9.50 to $8.50 and set a "market outperform" rating for the company in a research report on Thursday, May 14th. Weiss Ratings cut shares of Arbor Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, July 30th. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an "underweight" rating to a "neutral" rating and lowered their target price for the stock from $7.00 to $5.50 in a report on Friday, July 17th. Piper Sandler cut their price target on Arbor Realty Trust from $5.50 to $5.00 and set an "underweight" rating for the company in a research note on Monday, August 3rd. Finally, Zacks Research downgraded Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $6.00.

Arbor Realty Trust Stock Performance

The stock has a market cap of $952.38 million, a PE ratio of 73.07 and a beta of 1.15. The company has a debt-to-equity ratio of 2.33, a quick ratio of 478.85 and a current ratio of 478.85. The company's 50 day simple moving average is $5.14 and its 200 day simple moving average is $6.57.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%.The company had revenue of $117.83 million during the quarter, compared to the consensus estimate of $107.75 million. Analysts expect that Arbor Realty Trust will post 0.29 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Friday, August 14th. Arbor Realty Trust's payout ratio is 971.43%.

Hedge Funds Weigh In On Arbor Realty Trust

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Arbor Realty Trust in the second quarter worth about $143,448,000. Balyasny Asset Management L.P. increased its stake in shares of Arbor Realty Trust by 296.8% during the 4th 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 purchasing an additional 2,869,132 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Arbor Realty Trust during the 2nd quarter worth approximately $7,702,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Arbor Realty Trust in the 4th quarter worth approximately $10,219,000. Finally, Wasatch Advisors LP raised its holdings in shares of Arbor Realty Trust by 19.2% in the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust's stock worth $49,541,000 after purchasing an additional 654,583 shares during the period. Institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Company Profile

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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