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

Key Points

• Arbor Realty Trust shares hit a new 52-week low, trading as low as $3.40 and last changing hands near $3.48. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment is mostly negative, with a consensus “Reduce” rating and a $6.00 price target; ratings include three Holds and three Sells.
• The company reported quarterly EPS of $0.10, exceeding the $0.05 estimate, and revenue of $117.83 million. However, its $0.68 annualized dividend yields 19.6% and represents an exceptionally high 971.43% payout ratio.

Arbor Realty Trust (NYSE:ABR - Get Free Report) hit a new 52-week low on Tuesday. The stock traded as low as $3.40 and last traded at $3.4760, with a volume of 8133725 shares changing hands. The stock had previously closed at $3.56.

Analyst Ratings Changes

ABR has been the topic of several research reports. Weiss Ratings lowered Arbor Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. upgraded Arbor Realty Trust from an "underweight" rating to a "neutral" rating and cut their price target for the stock from $7.00 to $5.50 in a research note on Friday, July 17th. Zacks Research raised Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a report on Monday, August 31st. Piper Sandler lowered their price objective on Arbor Realty Trust from $5.50 to $5.00 and set an "underweight" rating on the stock in a research note on Monday, August 3rd. Finally, Citizens Jmp reaffirmed a "market perform" rating on shares of Arbor Realty Trust in a report on Tuesday, September 29th. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust currently has a consensus rating of "Reduce" and a consensus price target of $6.00.

Arbor Realty Trust Stock Down 2.4%

The stock has a fifty day simple moving average of $4.80 and a two-hundred day simple moving average of $5.76. The firm has a market cap of $648.48 million, a PE ratio of 49.66 and a beta of 1.22. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $117.83 million for the quarter, compared to the consensus estimate of $107.75 million. As a group, sell-side analysts expect that Arbor Realty Trust will post 0.23 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.17 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.68 annualized dividend and a yield of 19.6%. Arbor Realty Trust's dividend payout ratio is currently 971.43%.

Insider Activity at Arbor Realty Trust

In other news, Director William Green purchased 25,951 shares of the firm's stock in a transaction dated Monday, August 31st. The shares were purchased at an average price of $5.07 per share, with a total value of $131,571.57. Following the completion of the acquisition, the director owned 231,369 shares in the company, valued at $1,173,040.83. This trade represents a 12.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. bought a new stake in shares of Arbor Realty Trust during the 1st quarter valued at about $29,000. Public Employees Retirement System of Ohio bought a new position in shares of Arbor Realty Trust in the second quarter worth approximately $49,000. North Star Investment Management Corp. purchased a new stake in Arbor Realty Trust in the first quarter valued at approximately $54,000. Gables Capital Management Inc. purchased a new stake in Arbor Realty Trust in the second quarter valued at approximately $59,000. Finally, HighTower Advisors LLC bought a new stake in Arbor Realty Trust during the second quarter valued at approximately $60,000. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

About Arbor Realty Trust

Arbor Realty Trust, Inc is a real estate investment trust that provides financing for multifamily and other commercial real estate properties. The company originates, acquires, and invests in a range of structured finance products, including bridge loans, mezzanine loans, preferred equity investments, and other real estate-related debt investments.

Through its lending platforms and subsidiaries, Arbor Realty Trust also provides agency lending services for multifamily properties. These activities include originating and servicing loans through programs associated with Fannie Mae, Freddie Mac, and the U.S.

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