Arbor Realty Trust (NYSE:ABR) Shares Up 6.3% – Here’s Why

Arbor Realty Trust (NYSE:ABR)’s stock price rose 6.3% during trading on Monday . The company traded as high as $6.16 and last traded at $6.1550. Approximately 1,696,113 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 4,004,890 shares. The stock had previously closed at $5.79.

Analysts Set New Price Targets

Several brokerages recently weighed in on ABR. Weiss Ratings lowered shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods dropped their price target on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a research note on Tuesday, May 12th. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Citizens Jmp decreased their price objective on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Arbor Realty Trust has a consensus rating of “Reduce” and a consensus price target of $8.00.

Arbor Realty Trust Stock Performance

The company has a debt-to-equity ratio of 2.71, a current ratio of 428.41 and a quick ratio of 428.41. The firm has a fifty day simple moving average of $7.62 and a 200 day simple moving average of $8.10. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 15.55 and a beta of 1.24.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data 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). The firm had revenue of $119.67 million during the quarter, compared to analyst estimates of $109.86 million. Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%. On average, sell-side analysts expect that Arbor Realty Trust will post 0.77 earnings per share for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 11.2%. The ex-dividend date is Friday, May 22nd. Arbor Realty Trust’s dividend payout ratio (DPR) is 307.69%.

Insiders Place Their Bets

In other news, insider David Erwin Friedman purchased 8,840 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $6.84 per share, for a total transaction of $60,465.60. Following the completion of the acquisition, the insider directly owned 68,478 shares of the company’s stock, valued at approximately $468,389.52. The trade was a 14.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its stake in Arbor Realty Trust by 73.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,175 shares during the period. Rothschild Investment LLC increased its position in Arbor Realty Trust by 1,264.6% in the 3rd quarter. Rothschild Investment LLC now owns 3,275 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 3,035 shares during the period. Atlantic Union Bankshares Corp lifted its holdings in shares of Arbor Realty Trust by 52.2% during the third quarter. Atlantic Union Bankshares Corp now owns 3,805 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,305 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of Arbor Realty Trust during the first quarter worth approximately $29,000. Finally, Quantbot Technologies LP bought a new stake in shares of Arbor Realty Trust in the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

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.