Arbor Realty Trust (NYSE:ABR) Shares Climb 7.2% – Here’s Why

Arbor Realty Trust (NYSE:ABR) shares rose 7.2% during mid-day trading on Thursday. The stock traded as high as $2.73 and last traded at $2.7970. Approximately 628,861 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 4,357,515 shares. The stock had previously closed at $2.61.

Analyst Upgrades and Downgrades

ABR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on Arbor Realty Trust from $5.00 to $3.00 and set an “underperform” rating on the stock in a research note on Friday, October 9th. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. upgraded Arbor Realty Trust from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $5.50 in a research note on Friday, July 17th. Citizens Jmp restated a “market perform” rating on shares of Arbor Realty Trust in a research report on Tuesday, September 29th. Finally, Piper Sandler dropped their price objective on Arbor Realty Trust from $5.00 to $3.50 and set an “underweight” rating for the company in a report on Friday, October 9th. Three investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $5.12.

Arbor Realty Trust Trading Up 5.6%

The company’s fifty day simple moving average is $4.51 and its two-hundred day simple moving average is $5.53. The company has a quick ratio of 478.85, a current ratio of 478.85 and a debt-to-equity ratio of 2.33. The company has a market capitalization of $513.97 million, a price-to-earnings ratio of 39.36 and a beta of 1.22.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS 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 company had revenue of $117.83 million for the quarter, compared to analyst estimates of $107.75 million. Research analysts forecast that Arbor Realty Trust will post 0.19 earnings per share 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. Investors of record on Friday, August 14th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 24.7%. The ex-dividend date of this dividend was Friday, August 14th. Arbor Realty Trust’s payout ratio is currently 971.43%.

Insider Activity at Arbor Realty Trust

In other news, Director William Green acquired 25,951 shares of Arbor Realty Trust stock in a transaction dated Monday, August 31st. The stock was bought at an average cost of $5.07 per share, with a total value of $131,571.57. Following the completion of the transaction, the director directly owned 231,369 shares of the company’s stock, valued at approximately $1,173,040.83. This represents a 12.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. NorthCrest Asset Manangement LLC acquired a new position in shares of Arbor Realty Trust during the 3rd quarter worth about $47,000. GAMMA Investing LLC increased its holdings in Arbor Realty Trust by 285.1% during the third quarter. GAMMA Investing LLC now owns 27,468 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 20,336 shares during the last quarter. Amundi increased its holdings in Arbor Realty Trust by 225.7% during the second quarter. Amundi now owns 32,825 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 22,748 shares during the last quarter. HighTower Advisors LLC bought a new stake in Arbor Realty Trust during the second quarter worth $60,000. Finally, Two Sigma Securities LLC bought a new stake in Arbor Realty Trust during the second quarter worth $138,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

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.