Arbor Realty Trust (NYSE:ABR) Stock Falls 7.2% – Here’s What Happened

Arbor Realty Trust (NYSE:ABR)’s stock price was down 7.2% on Wednesday. The stock traded as low as $3.24 and last traded at $3.2370. 4,854,685 shares traded hands during trading, an increase of 15% from the average session volume of 4,236,304 shares. The stock had previously closed at $3.49.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ABR. Piper Sandler decreased their price objective on shares of Arbor Realty Trust from $5.00 to $3.50 and set an “underweight” rating on the stock in a research report on Friday. Citizens Jmp reiterated a “market perform” rating on shares of Arbor Realty Trust in a research note on Tuesday, September 29th. Weiss Ratings cut Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised Arbor Realty Trust from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $7.00 to $5.50 in a research note on Friday, July 17th. Finally, Keefe, Bruyette & Woods cut their target price on Arbor Realty Trust from $5.00 to $3.00 and set an “underperform” rating for the company in a research report on Friday. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $5.12.

Arbor Realty Trust Stock Performance

The firm’s 50 day simple moving average is $4.70 and its 200 day simple moving average is $5.66. The firm has a market cap of $543.45 million, a PE ratio of 41.50 and a beta of 1.22. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $107.75 million. On average, research analysts forecast that Arbor Realty Trust will post 0.23 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a yield of 23.3%. Arbor Realty Trust’s payout ratio is presently 971.43%.

Insider Activity at Arbor Realty Trust

In other Arbor Realty Trust news, Director William Green bought 25,951 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average cost of $5.07 per share, with a total value of $131,571.57. Following the completion of the acquisition, the director owned 231,369 shares in the company, valued at $1,173,040.83. This trade represents a 12.63% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

Several institutional investors have recently bought and sold shares of ABR. GAMMA Investing LLC grew its stake in shares of Arbor Realty Trust by 285.1% in the 3rd 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 in the last quarter. Amundi raised its position in shares of Arbor Realty Trust by 225.7% during the 2nd quarter. Amundi now owns 32,825 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 22,748 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Arbor Realty Trust in the 2nd quarter valued at about $60,000. Two Sigma Securities LLC purchased a new position in Arbor Realty Trust in the second quarter worth about $138,000. Finally, Beacon Pointe Advisors LLC purchased a new position in Arbor Realty Trust in the second quarter worth about $280,000. Institutional investors 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.