Arbor Realty Trust (NYSE:ABR) Trading Down 5.3% – Here’s What Happened

Arbor Realty Trust (NYSE:ABR)’s share price dropped 5.3% during trading on Friday . The company traded as low as $5.57 and last traded at $5.5950. Approximately 2,873,950 shares were traded during trading, a decline of 29% from the average daily volume of 4,075,646 shares. The stock had previously closed at $5.91.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wall Street Zen cut Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Keefe, Bruyette & Woods reduced their price target on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a report on Tuesday, May 12th. Citizens Jmp reduced their price target on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a report on Thursday, May 14th. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Weiss Ratings cut Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arbor Realty Trust presently has a consensus rating of “Reduce” and an average price target of $8.00.

Arbor Realty Trust Trading Down 6.0%

The firm has a fifty day simple moving average of $7.42 and a 200-day simple moving average of $7.95. The firm has a market cap of $1.07 billion, a P/E ratio of 14.24 and a beta of 1.24. The company has a debt-to-equity ratio of 2.71, a current ratio of 428.41 and a quick ratio of 428.41.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. The company had revenue of $119.67 million during the quarter, compared to the consensus estimate of $109.86 million. On average, equities research analysts expect that Arbor Realty Trust will post 0.77 earnings per share for the current year.

Arbor Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 12.2%. The ex-dividend date is Friday, May 22nd. Arbor Realty Trust’s dividend payout ratio is 307.69%.

Insider Activity

In other Arbor Realty Trust news, insider David Erwin Friedman sold 7,685 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $6.87, for a total value of $52,795.95. Following the sale, the insider directly owned 59,638 shares in the company, valued at $409,713.06. The trade was a 11.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. GraniteShares Advisors LLC purchased a new position in shares of Arbor Realty Trust in the 4th quarter worth about $2,699,000. Azora Capital LP purchased a new position in shares of Arbor Realty Trust in the 3rd quarter worth about $7,897,000. UBS Group AG boosted its holdings in Arbor Realty Trust by 111.4% during the 4th quarter. UBS Group AG now owns 1,045,564 shares of the real estate investment trust’s stock valued at $8,114,000 after acquiring an additional 550,875 shares during the period. Hudson Bay Capital Management LP purchased a new stake in Arbor Realty Trust during the 3rd quarter valued at about $4,942,000. Finally, Lighthouse Investment Partners LLC boosted its holdings in Arbor Realty Trust by 184.2% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 348,371 shares of the real estate investment trust’s stock valued at $4,254,000 after acquiring an additional 225,775 shares during the period. 57.25% of the stock is currently owned by institutional investors.

About Arbor Realty Trust

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.