Arbor Realty Trust (NYSE:ABR) Sets New 52-Week Low - Here's What Happened

Key Points

• Arbor Realty Trust shares hit a new 52-week low of $4.24, trading below both their 50-day ($5.04) and 200-day ($6.08) moving averages.
• Analyst sentiment remains negative, with one Buy, two Hold, and three Sell ratings; the consensus is “Reduce” with a $6.00 price target.
• The company reported quarterly earnings and revenue above expectations, but its $0.17 quarterly dividend implies a 15.8% yield and an exceptionally high 971.43% payout ratio.

Arbor Realty Trust (NYSE:ABR - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as $4.24 and last traded at $4.3160, with a volume of 11555659 shares trading hands. The stock had previously closed at $4.28.

Analysts Set New Price Targets

Several equities research analysts recently commented on ABR shares. JPMorgan Chase & Co. raised Arbor Realty Trust from an "underweight" rating to a "neutral" rating and decreased their target price for the stock from $7.00 to $5.50 in a research note on Friday, July 17th. Zacks Research upgraded Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a report on Monday, August 31st. Keefe, Bruyette & Woods reduced their price objective on shares of Arbor Realty Trust from $5.50 to $5.00 and set an "underperform" rating for the company in a research report on Monday, August 3rd. Piper Sandler dropped their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an "underweight" rating on the stock in a research report on Monday, August 3rd. Finally, Weiss Ratings lowered shares of Arbor Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $6.00.

Arbor Realty Trust Trading Up 0.4%

The firm's 50-day moving average is $5.04 and its 200-day moving average is $6.08. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33. The firm has a market cap of $801.28 million, a price-to-earnings ratio of 60.93 and a beta of 1.15.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. The company had revenue of $117.83 million during the quarter, compared to the consensus estimate of $107.75 million. As a group, sell-side analysts anticipate that Arbor Realty Trust will post 0.29 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 15.8%. The ex-dividend date of this dividend was Friday, August 14th. Arbor Realty Trust's payout ratio is currently 971.43%.

Insider Activity

In other news, Director William Green bought 25,951 shares of the stock in a transaction dated Monday, August 31st. The stock was bought at an average price of $5.07 per share, for a total transaction of $131,571.57. Following the completion of the acquisition, the director directly owned 231,369 shares in the company, valued at approximately $1,173,040.83. This trade represents a 12.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of ABR. Bessemer Group Inc. purchased a new stake in shares of Arbor Realty Trust during the first quarter valued at approximately $29,000. Public Employees Retirement System of Ohio bought a new position in Arbor Realty Trust in the 2nd quarter valued at $49,000. North Star Investment Management Corp. purchased a new stake in shares of Arbor Realty Trust during the 1st quarter valued at $54,000. Gables Capital Management Inc. purchased a new stake in shares of Arbor Realty Trust during the 2nd quarter valued at $59,000. Finally, HighTower Advisors LLC bought a new stake in shares of Arbor Realty Trust during the 2nd quarter worth $60,000. Hedge funds and other institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that specializes in financing and investing in commercial real estate. The company focuses primarily on the multifamily housing sector, providing capital to property owners, operators and developers through a range of lending and investment programs.

Its business activities include originating bridge and structured loans, acquiring or investing in mortgage-related assets, and providing mezzanine loans and preferred equity investments.

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