Arbor Realty Trust (NYSE:ABR) Reaches New 1-Year Low on Analyst Downgrade

Arbor Realty Trust, Inc. (NYSE:ABR)’s share price hit a new 52-week low during trading on Monday after Keefe, Bruyette & Woods lowered their price target on the stock from $12.00 to $11.75. Keefe, Bruyette & Woods currently has a market perform rating on the stock. Arbor Realty Trust traded as low as $10.07 and last traded at $10.41, with a volume of 1001451 shares traded. The stock had previously closed at $11.21.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. dropped their price objective 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 cut shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.71.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ABR. Janney Montgomery Scott LLC acquired a new stake in shares of Arbor Realty Trust in the fourth quarter valued at approximately $1,144,000. Nisa Investment Advisors LLC increased its holdings in shares of Arbor Realty Trust by 29.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust’s stock valued at $1,459,000 after purchasing an additional 23,987 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Arbor Realty Trust by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust’s stock worth $17,428,000 after purchasing an additional 27,327 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Arbor Realty Trust by 52.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock worth $4,535,000 after purchasing an additional 100,055 shares during the period. Finally, EMC Capital Management grew its position in Arbor Realty Trust by 23,453.8% in the 4th quarter. EMC Capital Management now owns 18,843 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 18,763 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Down 3.7 %

The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 8.53 and a beta of 1.66. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. The firm’s 50 day simple moving average is $12.49 and its 200-day simple moving average is $13.80.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $262.87 million for the quarter, compared to analysts’ expectations of $88.92 million. On average, sell-side analysts anticipate that Arbor Realty Trust, Inc. will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 16.95%. The ex-dividend date was Friday, March 7th. Arbor Realty Trust’s dividend payout ratio is presently 144.54%.

Arbor Realty Trust Company Profile

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.