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

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $11.35 and last traded at $11.52, with a volume of 745080 shares trading hands. The stock had previously closed at $11.76.

Analyst Ratings Changes

ABR has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Raymond James downgraded Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods lowered their price objective on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Arbor Realty Trust has an average rating of “Hold” and a consensus target price of $13.75.

Arbor Realty Trust Stock Down 1.1 %

The firm has a market capitalization of $2.20 billion, a PE ratio of 9.77 and a beta of 2.05. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68. The company has a 50-day moving average price of $12.86 and a 200 day moving average price of $13.99.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. The business had revenue of $262.87 million during the quarter, compared to analysts’ expectations of $88.92 million. Analysts forecast that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.72 annualized dividend and a yield of 14.80%. Arbor Realty Trust’s payout ratio is 144.54%.

Institutional Trading of Arbor Realty Trust

Several hedge funds have recently bought and sold shares of ABR. Palogic Value Management L.P. increased its holdings in shares of Arbor Realty Trust by 12.8% in the fourth quarter. Palogic Value Management L.P. now owns 94,298 shares of the real estate investment trust’s stock worth $1,306,000 after purchasing an additional 10,675 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Arbor Realty Trust in the 4th quarter worth approximately $1,322,000. Bernard Wealth Management Corp. bought a new stake in Arbor Realty Trust in the 4th quarter worth approximately $36,000. GTS Securities LLC raised its holdings in shares of Arbor Realty Trust by 126.4% during the 4th quarter. GTS Securities LLC now owns 12,827 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 61,427 shares in the last quarter. Finally, Novem Group bought a new position in shares of Arbor Realty Trust during the 4th quarter valued at approximately $239,000. 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.