Arbor Realty Trust (NYSE:ABR) Price Target Lowered to $11.50 at JPMorgan Chase & Co.

Arbor Realty Trust (NYSE:ABR) had its price target trimmed by JPMorgan Chase & Co. from $12.00 to $11.50 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an underweight rating on the real estate investment trust’s stock.

A number of other analysts also recently weighed in on the stock. TheStreet raised shares of Arbor Realty Trust from a d+ rating to a c rating in a report on Monday, March 18th. JMP Securities lowered their price objective on shares of Arbor Realty Trust from $17.00 to $16.00 and set a market outperform rating for the company in a research report on Thursday, June 20th. Keefe, Bruyette & Woods upped their price objective on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the stock a market perform rating in a research report on Wednesday, July 10th. Finally, Wedbush reiterated a neutral rating and set a $13.00 price objective on shares of Arbor Realty Trust in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $14.58.

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock opened at $13.05 on Tuesday. The company has a 50 day moving average of $13.95 and a 200-day moving average of $13.50. Arbor Realty Trust has a 1-year low of $11.77 and a 1-year high of $17.74. The company has a current ratio of 36.63, a quick ratio of 36.63 and a debt-to-equity ratio of 3.14. The company has a market cap of $2.46 billion, a PE ratio of 8.11 and a beta of 2.03.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 13.18%. The ex-dividend date of this dividend was Thursday, May 16th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 106.83%.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors have recently modified their holdings of the company. SteelPeak Wealth LLC boosted its stake in shares of Arbor Realty Trust by 70.7% in the 2nd quarter. SteelPeak Wealth LLC now owns 24,070 shares of the real estate investment trust’s stock valued at $345,000 after purchasing an additional 9,970 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Arbor Realty Trust by 4.4% in the 2nd quarter. QRG Capital Management Inc. now owns 198,491 shares of the real estate investment trust’s stock valued at $2,848,000 after purchasing an additional 8,332 shares during the last quarter. Arden Trust Co boosted its stake in shares of Arbor Realty Trust by 99.4% in the 2nd quarter. Arden Trust Co now owns 79,381 shares of the real estate investment trust’s stock valued at $1,139,000 after purchasing an additional 39,573 shares during the last quarter. Astoria Portfolio Advisors LLC. boosted its stake in shares of Arbor Realty Trust by 6.0% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 57,937 shares of the real estate investment trust’s stock valued at $831,000 after purchasing an additional 3,279 shares during the last quarter. Finally, First Financial Bank Trust Division bought a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at $520,000. 57.25% of the stock is owned by institutional investors.

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.