Arbor Realty Trust (NYSE:ABR) Reaches New 52-Week Low – Here’s What Happened

Arbor Realty Trust (NYSE:ABR)’s stock price hit a new 52-week low on Monday. The company traded as low as $4.01 and last traded at $4.01, with a volume of 22900 shares trading hands. The stock had previously closed at $4.03.

More Arbor Realty Trust News

Here are the key news stories impacting Arbor Realty Trust this week:

• Negative Sentiment: Citizens downgraded Arbor Realty Trust from “Market Outperform” to “Market Perform,” indicating that the firm now expects ABR to perform roughly in line with the market or its sector. The change reflects more cautious expectations for the company’s near-term returns. Citizens cuts Arbor Realty Trust rating on interest-rate outlook
• Negative Sentiment: The downgrade was tied to the possibility of further interest-rate increases. Higher rates could raise Arbor Realty Trust’s funding costs, pressure loan demand and property valuations, and reduce the attractiveness of its real estate finance investments. Arbor Realty Trust trades lower after Citizens downgrade
• Negative Sentiment: ABR underperformed the broader market during the latest session, extending recent weakness. The stock remains below its 50-day and 200-day moving averages and close to its 12-month low, suggesting continued bearish technical sentiment. Arbor Realty Trust dips more than broader market
• Neutral Sentiment: A separate report noted that Arbor Realty Trust had gained in the prior session despite a weaker overall market, but it identified no new fundamental catalyst. The recent reversal indicates that rate concerns are currently outweighing that short-term strength. Why Arbor Realty Trust stock is falling today

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ABR shares. Keefe, Bruyette & Woods cut their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating on the stock in a report on Monday, August 3rd. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Piper Sandler dropped 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. JPMorgan Chase & Co. upgraded Arbor Realty Trust from an “underweight” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $5.50 in a report on Friday, July 17th. Finally, Citizens Jmp reissued a “market perform” rating on shares of Arbor Realty Trust in a research note on Tuesday. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $6.00.

Arbor Realty Trust Trading Down 2.6%

The company has a market cap of $741.58 million, a price-to-earnings ratio of 56.79 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 firm has a fifty day moving average price of $4.91 and a 200 day moving average price of $5.87.

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

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.68 annualized dividend and a dividend yield of 17.1%. Arbor Realty Trust’s dividend payout ratio (DPR) is 971.43%.

Insiders Place Their Bets

In other news, Director William Green acquired 25,951 shares of Arbor Realty Trust stock in a transaction on Monday, August 31st. The stock was purchased at an average price of $5.07 per share, with a total value of $131,571.57. Following the completion of the purchase, the director owned 231,369 shares of the company’s stock, valued at approximately $1,173,040.83. The trade was a 12.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Arbor Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. bought a new position in Arbor Realty Trust during the first quarter valued at about $29,000. Public Employees Retirement System of Ohio purchased a new position in Arbor Realty Trust in the second quarter valued at about $49,000. North Star Investment Management Corp. purchased a new position in Arbor Realty Trust in the first quarter valued at about $54,000. Gables Capital Management Inc. bought a new position in shares of Arbor Realty Trust during the 2nd quarter valued at approximately $59,000. Finally, HighTower Advisors LLC bought a new position in shares of Arbor Realty Trust during the 2nd quarter valued at approximately $60,000. 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.