JMP Securities Trims Arbor Realty Trust (NYSE:ABR) Target Price to $16.00

Arbor Realty Trust (NYSE:ABRFree Report) had its price objective reduced by JMP Securities from $17.00 to $16.00 in a research report sent to investors on Thursday, Marketbeat Ratings reports. They currently have a market outperform rating on the real estate investment trust’s stock.

A number of other analysts also recently weighed in on ABR. Wedbush reaffirmed a neutral rating and set a $13.00 price target on shares of Arbor Realty Trust in a report on Monday, May 6th. Keefe, Bruyette & Woods lowered their price objective on shares of Arbor Realty Trust from $13.50 to $13.25 and set a market perform rating for the company in a research report on Wednesday, April 10th. TheStreet upgraded shares of Arbor Realty Trust from a d+ rating to a c rating in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Arbor Realty Trust from $12.50 to $12.00 and set an underweight rating for the company in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Arbor Realty Trust currently has an average rating of Hold and a consensus target price of $14.54.

View Our Latest Stock Report on ABR

Arbor Realty Trust Stock Performance

NYSE ABR opened at $14.12 on Thursday. The company has a quick ratio of 36.63, a current ratio of 36.63 and a debt-to-equity ratio of 3.14. The company has a market capitalization of $2.66 billion, a P/E ratio of 8.77 and a beta of 1.98. Arbor Realty Trust has a 12-month low of $11.77 and a 12-month high of $17.74. The firm has a 50-day moving average price of $13.41 and a two-hundred day moving average price of $13.61.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.18%. The ex-dividend date was Thursday, May 16th. Arbor Realty Trust’s dividend payout ratio is currently 106.83%.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors have recently modified their holdings of ABR. Janney Montgomery Scott LLC boosted its stake in Arbor Realty Trust by 4.4% during the third quarter. Janney Montgomery Scott LLC now owns 21,133 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 882 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Arbor Realty Trust by 13.8% in the third quarter. Deutsche Bank AG now owns 86,486 shares of the real estate investment trust’s stock valued at $1,313,000 after buying an additional 10,489 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Arbor Realty Trust by 8.1% in the third quarter. Rhumbline Advisers now owns 592,757 shares of the real estate investment trust’s stock valued at $8,998,000 after buying an additional 44,468 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Arbor Realty Trust by 27.8% in the third quarter. PNC Financial Services Group Inc. now owns 6,121 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Arbor Realty Trust by 54.1% in the third quarter. Invesco Ltd. now owns 890,357 shares of the real estate investment trust’s stock valued at $13,516,000 after purchasing an additional 312,694 shares during the last quarter. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Arbor Realty Trust (NYSE:ABR)

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