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

Arbor Realty Trust (NYSE:ABR) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $7.18 and last traded at $7.1850, with a volume of 553411 shares traded. The stock had previously closed at $7.29.

Wall Street Analysts Forecast Growth

ABR has been the subject of several recent analyst reports. Piper Sandler cut their price objective on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, December 22nd. Weiss Ratings upgraded shares of Arbor Realty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 9th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Keefe, Bruyette & Woods cut their target price on Arbor Realty Trust from $8.50 to $7.50 and set an “underperform” rating for the company in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. reduced their target price on Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $9.38.

Arbor Realty Trust Stock Down 1.4%

The company has a current ratio of 287.79, a quick ratio of 287.79 and a debt-to-equity ratio of 2.51. The company has a market capitalization of $1.41 billion, a P/E ratio of 8.96 and a beta of 1.39. The stock has a 50 day moving average price of $7.80 and a 200 day moving average price of $9.75.

Institutional Trading of Arbor Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its holdings in Arbor Realty Trust by 1.4% in the 4th quarter. State Street Corp now owns 7,469,100 shares of the real estate investment trust’s stock valued at $57,960,000 after buying an additional 101,730 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Arbor Realty Trust by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 4,651,016 shares of the real estate investment trust’s stock valued at $36,098,000 after acquiring an additional 78,068 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Arbor Realty Trust by 19.2% during the third quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock worth $49,541,000 after purchasing an additional 654,583 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of Arbor Realty Trust by 296.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust’s stock worth $29,765,000 after purchasing an additional 2,869,132 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Arbor Realty Trust by 2.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,100,538 shares of the real estate investment trust’s stock valued at $24,060,000 after purchasing an additional 60,979 shares during the period. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.