Arbor Realty Trust (NYSE:ABR) Hits New 12-Month Low on Analyst Downgrade

Shares of Arbor Realty Trust, Inc. (NYSE:ABR - Get Free Report) hit a new 52-week low 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 changing hands. The stock had previously closed at $11.21.

Several other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Arbor Realty Trust from $13.50 to $12.50 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. Raymond James lowered Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Arbor Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $13.71.

Institutional Investors Weigh In On Arbor Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of Arbor Realty Trust in the fourth quarter worth approximately $15,967,000. Invesco Ltd. grew its position in Arbor Realty Trust by 90.2% during the 4th quarter. Invesco Ltd. now owns 1,687,307 shares of the real estate investment trust's stock worth $23,369,000 after purchasing an additional 799,973 shares in the last quarter. Norges Bank purchased a new position in Arbor Realty Trust during the 4th quarter worth approximately $8,419,000. Tudor Investment Corp ET AL lifted its holdings in shares of Arbor Realty Trust by 496.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 450,822 shares of the real estate investment trust's stock valued at $6,244,000 after purchasing an additional 375,293 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Arbor Realty Trust by 10.0% in the fourth quarter. Northern Trust Corp now owns 2,432,509 shares of the real estate investment trust's stock worth $33,690,000 after buying an additional 220,471 shares during the period. 57.25% of the stock is owned by institutional investors and hedge funds.

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Arbor Realty Trust Trading Up 0.7 %

The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 8.84 and a beta of 1.66. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41. The company has a 50-day moving average price of $12.27 and a 200 day moving average price of $13.68.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). The firm had revenue of $262.87 million for the quarter, compared to analysts' expectations of $88.92 million. Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. As a group, research analysts anticipate that Arbor Realty Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 16.36%. The ex-dividend date was Friday, March 7th. Arbor Realty Trust's dividend payout ratio is 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.