Arbor Realty Trust (NYSE:ABR) Hits New 12-Month Low – Here’s What Happened

Arbor Realty Trust (NYSE:ABR) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $8.37 and last traded at $8.3850, with a volume of 2113543 shares changing hands. The stock had previously closed at $8.79.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ABR shares. JPMorgan Chase & Co. dropped their price target on Arbor Realty Trust from $11.50 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, November 3rd. Piper Sandler set a $10.00 price objective on Arbor Realty Trust and gave the company an “underweight” rating in a report on Monday, November 3rd. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arbor Realty Trust in a research report on Tuesday, November 11th. Finally, Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $11.00.

Arbor Realty Trust Price Performance

The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. The stock has a fifty day simple moving average of $11.32 and a two-hundred day simple moving average of $11.07. The company has a market cap of $1.65 billion, a PE ratio of 9.28 and a beta of 1.38.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%.The firm had revenue of $162.49 million for the quarter, compared to the consensus estimate of $72.26 million. On average, equities analysts predict that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 14.2%. The ex-dividend date is Friday, November 14th. Arbor Realty Trust’s dividend payout ratio is presently 150.00%.

Institutional Investors Weigh In On Arbor Realty Trust

Several institutional investors have recently modified their holdings of the company. Lighthouse Investment Partners LLC grew its holdings in Arbor Realty Trust by 184.2% in the third quarter. Lighthouse Investment Partners LLC now owns 348,371 shares of the real estate investment trust’s stock valued at $4,254,000 after purchasing an additional 225,775 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Arbor Realty Trust in the 3rd quarter worth about $136,000. Azora Capital LP acquired a new stake in Arbor Realty Trust in the 3rd quarter valued at about $7,897,000. Bank of America Corp DE grew its stake in Arbor Realty Trust by 227.2% in the 3rd quarter. Bank of America Corp DE now owns 498,940 shares of the real estate investment trust’s stock valued at $6,092,000 after acquiring an additional 346,441 shares during the last quarter. Finally, FJ Capital Management LLC acquired a new position in Arbor Realty Trust during the third quarter worth about $3,280,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

About Arbor Realty Trust

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates through Structured Business and Agency Business segments. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities.