Arbor Realty Trust (NYSE:ABR) Downgraded by Raymond James to Market Perform

Arbor Realty Trust (NYSE:ABR) was downgraded by investment analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday,Briefing.com Automated Import reports.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. dropped their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price target on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.00.

Arbor Realty Trust Price Performance

Shares of NYSE ABR opened at $12.00 on Monday. The company has a market cap of $2.26 billion, a PE ratio of 8.89 and a beta of 2.03. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. Arbor Realty Trust has a 1-year low of $11.87 and a 1-year high of $15.94. The stock has a fifty day moving average price of $13.65 and a 200 day moving average price of $14.21.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, February 21st. 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 23.99% and a return on equity of 14.94%. The firm had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. Sell-side analysts forecast that Arbor Realty Trust will post 1.68 EPS for the current year.

Insider Transactions at Arbor Realty Trust

In other news, Director William C. Green purchased 5,269 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $14.17 per share, with a total value of $74,661.73. Following the purchase, the director now directly owns 178,797 shares of the company’s stock, valued at approximately $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Arbor Realty Trust

A number of hedge funds have recently bought and sold shares of ABR. Dunhill Financial LLC purchased a new position in shares of Arbor Realty Trust during the 4th quarter worth $29,000. Harbor Capital Advisors Inc. purchased a new position in Arbor Realty Trust during the third quarter worth about $38,000. Bernard Wealth Management Corp. acquired a new stake in Arbor Realty Trust in the 4th quarter worth about $36,000. Smartleaf Asset Management LLC increased its stake in shares of Arbor Realty Trust by 280.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 1,934 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Arbor Realty Trust by 33.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 701 shares during the period. Institutional investors and hedge funds own 57.25% of the company’s stock.

About Arbor Realty Trust

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.