Arbor Realty Trust’s (ABR) “Underperform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their underperform rating on shares of Arbor Realty Trust (NYSE:ABR) in a research note published on Monday morning, Marketbeat reports. The firm currently has a $8.50 price objective on the real estate investment trust’s stock, down from their prior price objective of $11.00.

A number of other equities research analysts also recently issued reports on ABR. Wall Street Zen downgraded Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. JMP Securities decreased their target price on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a report on Tuesday, August 19th. Piper Sandler set a $10.00 price target on shares of Arbor Realty Trust and gave the company an “underweight” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arbor Realty Trust in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Arbor Realty Trust currently has a consensus rating of “Reduce” and an average price target of $10.13.

Arbor Realty Trust Price Performance

Arbor Realty Trust stock opened at $8.26 on Monday. Arbor Realty Trust has a 1 year low of $8.18 and a 1 year high of $14.36. The company has a debt-to-equity ratio of 2.51, a quick ratio of 287.79 and a current ratio of 287.79. The firm has a 50 day moving average price of $9.84 and a 200 day moving average price of $10.83. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 10.32 and a beta of 1.38.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07. Arbor Realty Trust had a net margin of 20.07% and a return on equity of 11.63%. The company had revenue of $162.49 million for the quarter, compared to the consensus estimate of $72.26 million. Sell-side analysts predict that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.20 annualized dividend and a yield of 14.5%. Arbor Realty Trust’s dividend payout ratio (DPR) is 150.00%.

Insider Activity

In other news, CEO Ivan Kaufman acquired 29,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $8.34 per share, for a total transaction of $241,860.00. Following the completion of the purchase, the chief executive officer directly owned 54,000 shares of the company’s stock, valued at approximately $450,360. This trade represents a 116.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arbor Realty Trust

Large investors have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in Arbor Realty Trust in the 2nd quarter worth $27,000. HM Payson & Co. purchased a new stake in shares of Arbor Realty Trust during the third quarter worth about $31,000. Allworth Financial LP lifted its stake in shares of Arbor Realty Trust by 77.8% in the second quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,130 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Arbor Realty Trust by 73.5% in the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,175 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Arbor Realty Trust in the second quarter valued at about $32,000. 57.25% of the stock is owned by institutional investors and hedge funds.

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.