Arbor Realty Trust (ABR) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.47 per share a year ago.
Arbor Realty Trust (ABR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Arbor Realty Trust's downgrade to Hold is due to realized loan book weaknesses and a slower growth outlook, with shares down 30% in six months. Previous Buy rating was based on a 10Y Note yield below 4%, aiding loan refinancing; rising rates have since created headwinds. This has caused management to guide for a dividend cut (perhaps 30%) and a more cautious outlook.
Arbor Realty Trust's share price has dropped significantly, making its valuation attractive and its yield high, despite potential dividend cuts. Q4 and FY 2024 earnings were slightly below expectations, but agency loan originations showed positive momentum, offsetting structured loan portfolio declines. The dividend yield is high, but a cut seems possible; however, even with reductions, the yield remains attractive for new investors.
In the closing of the recent trading day, Arbor Realty Trust (ABR) stood at $10.52, denoting a +0.77% change from the preceding trading day.
Many REITs are offering dividend yields in excess of 10%. But some of them are in very bad shape. I highlight three high yielding REITs to sell asap.
Recently, Zacks.com users have been paying close attention to Arbor Realty Trust (ABR). This makes it worthwhile to examine what the stock has in store.
Arbor Realty Trust (ABR) closed the most recent trading day at $11.75, moving -0.09% from the previous trading session.
Arbor Realty Trust faces economic headwinds, likely leading to a dividend cut, impacting its high-yield appeal and caused a swift market reaction. The dividend is expected to decrease from $0.43 to around $0.325 per quarter, aligning with forecasted earnings of $0.30-$0.35 for Q1 2025. Despite the drop, the share price has stabilized around $12.25, reflecting a realistic yield of approximately 10.6%, suggesting rational market behavior.
In the most recent trading session, Arbor Realty Trust (ABR) closed at $12.10, indicating a -1.06% shift from the previous trading day.
ABR's lucrative dividend yield looks attractive to investors. Yet, a weak liquidity position may hamper future dividend payout.
Arbor Realty Trust (ABR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.