Arbor Realty Trust (NYSE:ABR) Shares Down 4% Following Weak Earnings

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) fell 4% during trading on Friday following a weaker than expected earnings announcement. The stock traded as low as $10.71 and last traded at $10.63. Approximately 1,213,862 shares were traded during trading, a decline of 63% from the average session volume of 3,300,447 shares. The stock had previously closed at $11.08.

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 firm had revenue of $262.87 million during the quarter, compared to analysts’ expectations of $88.92 million.

Arbor Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 11.17%. Arbor Realty Trust’s dividend payout ratio is presently 144.54%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ABR shares. Keefe, Bruyette & Woods lowered their price objective on Arbor Realty Trust from $12.00 to $11.75 and set a “market perform” rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. lowered their price target on Arbor Realty Trust from $11.50 to $10.50 and set an “underweight” rating for the company in a report on Wednesday, April 16th. Finally, Raymond James lowered shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Arbor Realty Trust presently has an average rating of “Hold” and a consensus price target of $13.38.

Institutional Trading of Arbor Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in ABR. CIBC Asset Management Inc boosted its position in shares of Arbor Realty Trust by 4.3% in the 4th quarter. CIBC Asset Management Inc now owns 18,676 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 774 shares during the period. Natixis Advisors LLC lifted its stake in Arbor Realty Trust by 5.0% in the fourth quarter. Natixis Advisors LLC now owns 16,728 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 797 shares during the last quarter. Principal Securities Inc. lifted its stake in Arbor Realty Trust by 10.0% in the fourth quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 825 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Arbor Realty Trust by 0.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 153,494 shares of the real estate investment trust’s stock valued at $2,126,000 after acquiring an additional 1,007 shares during the period. Finally, Xponance Inc. grew its position in shares of Arbor Realty Trust by 10.0% during the fourth quarter. Xponance Inc. now owns 13,288 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 1,209 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Stock Down 3.1 %

The business’s fifty day moving average price is $11.59 and its 200 day moving average price is $13.27. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 9.03 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.

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.