Arbor Realty Trust (NYSE:ABR) Hits New 12-Month Low - Here's What Happened

Shares of Arbor Realty Trust, Inc. (NYSE:ABR - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $11.35 and last traded at $11.52, with a volume of 745080 shares. The stock had previously closed at $11.76.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Arbor Realty Trust from $13.50 to $12.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective on shares of Arbor Realty Trust from $13.50 to $12.50 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. Finally, Raymond James cut Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Arbor Realty Trust has a consensus rating of "Hold" and a consensus price target of $13.75.

Arbor Realty Trust Stock Performance

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 stock has a market cap of $2.23 billion, a price-to-earnings ratio of 9.87 and a beta of 2.05. The stock's 50 day moving average is $12.79 and its two-hundred day moving average is $13.96.

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

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Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 14.64%. The ex-dividend date was Friday, March 7th. Arbor Realty Trust's dividend payout ratio (DPR) is presently 144.54%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ABR. Charles Schwab Investment Management Inc. grew its position in shares of Arbor Realty Trust by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,403,796 shares of the real estate investment trust's stock valued at $37,403,000 after purchasing an additional 97,454 shares during the last quarter. FMR LLC boosted its position in Arbor Realty Trust by 143.2% during the third quarter. FMR LLC now owns 25,732 shares of the real estate investment trust's stock worth $400,000 after acquiring an additional 15,151 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Arbor Realty Trust by 64.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 92,210 shares of the real estate investment trust's stock worth $1,435,000 after acquiring an additional 36,099 shares during the period. Glenmede Trust Co. NA raised its holdings in Arbor Realty Trust by 33.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 701 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Arbor Realty Trust by 52.3% during the 3rd 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. Hedge funds and other institutional investors own 57.25% of the company's stock.

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.