The stock of Arbor Realty Trust Inc. (NYSE:ABR) decreased by -$0.39 on Tuesday to finish at $15.69, down -2.43 percent. The last five days have seen an average of 2,647,680 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $2.50. The average number of shares traded over the last 20 days was 3,657,855, while the average volume over the last 50 days totaled 4,591,610.
ABR stock dropped -2.43% since last month. On 08/15/23, the company’s shares reached a one-month low of $15.55. The stock touched a high of $17.74 on 07/28/23, after rallying from a low of $10.10 in 52 weeks. The price of ABR stock has risen by 18.95% or $2.50 this year, reaching a new high 23 times. Still, the stock price is down -11.56% from the 52-week high.
Insider Transactions
ABR stock investors should be aware that Arbor Realty Trust Inc. (ABR) stock had its last reported insider trading activity 76 days ago on Jun 01. On Jun 01, Director Green William C acquired 8,776 shares at $12.82 each. This transaction resulted in the insider spending $112,542. On May 08, KAUFMAN IVAN added 15,000 shares at a price of US$11.98. After the transaction, the insider now owns 1,183,277 shares. COB, CEO and President KAUFMAN IVAN had earlier bought 10,000 shares on Mar 13 for $12.43 a share. The transaction was completed for $124,280.
Valuation Metrics
Arbor Realty Trust Inc. (ABR) has a trailing price-to-earnings (P/E) ratio of 10.67. Beta for the stock is 1.93. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.95, the price-to-book (PB) ratio of 1.19, and the price-to-cash flow ratio of 6.70.
Company paid $0.43 per share in dividends, an increase of 2.38% from $0.42 last year. A $0.01 dividend increase was reported on Friday July 28 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 5.27, and the total debt to equity ratio is 5.27. As far as profitability goes, gross margin for the trailing twelve months is 45.70% percent. Arbor Realty Trust Inc.’s operating margin stood at 25.20% for the same period. Based on annual data, it had gross profit of $383.59 million and revenue of $1.18 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ABR’s return on assets (ROA) during the last 12 months has been 1.80%. There was a 2.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 13.40%.
Earnings Surprise
According to Arbor Realty Trust Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Arbor Realty Trust Inc.’s quarterly earnings would be $0.57, but it ended up being $0.44, beating the consensus by 29.50%. EBITDA was $116.5 million for the quarter. At the end of Arbor Realty Trust Inc.’s most recent quarter ended June 29, its total debt was $12.69 billion. Equity owned by shareholders amounts to $186.5 million.
Technical Picture
Here’s a quick look at Arbor Realty Trust Inc.’s (ABR) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 36.51%, suggesting the stock is Neutral, with a 23.25% historical volatility rate.
The stochastic %K and %D were 18.23% and 25.59% respectively, while the average true range (ATR) was 0.49. Based on the 14-day stochastic reading of 6.39%, the RSI (14) reading is 45.03%. On the 9-day MACD Oscillator, the stock is at -0.32, and the 14-day reading is at -0.40.
Analyst Ratings
Arbor Realty Trust Inc. (NYSE: ABR) was downgraded by Piper Sandler to a an Underweight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Arbor Realty Trust Inc. (ABR) an Hold rating. ABR is a stock that is recommended for selling by 2 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is ABR’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.00 and $19.00, with a median target price of $16.00. In analyzing these forecasts, the average price target given by analysts for Arbor Realty Trust Inc. (ABR) is $16.83.
