Arbor Realty Trust (NYSE:ABR) Sees Unusually-High Trading Volume – What’s Next?

Arbor Realty Trust (NYSE:ABR) shares saw unusually-strong trading volume on Friday. 4,815,050 shares were traded during trading, an increase of 13% from the previous session’s volume of 4,269,843 shares. The stock last traded at $2.9740 and had previously closed at $3.09.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded Arbor Realty Trust from an “underweight” rating to a “neutral” rating and decreased their price objective for the company from $7.00 to $5.50 in a report on Friday, July 17th. Piper Sandler restated an “underweight” rating and set a $3.50 price target on shares of Arbor Realty Trust in a research note on Friday. Citizens Jmp reiterated a “market perform” rating on shares of Arbor Realty Trust in a research report on Tuesday, September 29th. Weiss Ratings lowered Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Finally, Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $5.62.

Arbor Realty Trust Price Performance

The firm has a 50 day moving average price of $4.70 and a 200 day moving average price of $5.66. The stock has a market cap of $543.82 million, a P/E ratio of 41.64 and a beta of 1.22. The company has a quick ratio of 478.85, a current ratio of 478.85 and a debt-to-equity ratio of 2.33.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. The company had revenue of $117.83 million for the quarter, compared to the consensus estimate of $107.75 million. On average, analysts forecast that Arbor Realty Trust will post 0.23 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

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

Insider Activity

In other Arbor Realty Trust news, Director William Green acquired 25,951 shares of the stock in a transaction dated Monday, August 31st. The stock was purchased at an average price of $5.07 per share, with a total value of $131,571.57. Following the transaction, the director directly owned 231,369 shares of the company’s stock, valued at $1,173,040.83. This trade represents a 12.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in shares of Arbor Realty Trust by 285.1% in the third quarter. GAMMA Investing LLC now owns 27,468 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 20,336 shares during the period. Amundi raised its stake in Arbor Realty Trust by 225.7% in the second 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 purchased a new stake in Arbor Realty Trust during the 2nd quarter worth about $60,000. Two Sigma Securities LLC purchased a new stake in Arbor Realty Trust during the 2nd quarter worth about $138,000. Finally, Beacon Pointe Advisors LLC acquired a new position in Arbor Realty Trust in the second quarter valued at approximately $280,000. Hedge funds and other 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.