Arbor Realty Trust (NYSE:ABR) Receives Average Rating of “Reduce” from Brokerages

Shares of Arbor Realty Trust (NYSE:ABR) have received an average rating of “Reduce” from the seven analysts that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $9.3750.

A number of brokerages have issued reports on ABR. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Piper Sandler dropped their target price on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, December 22nd. Keefe, Bruyette & Woods decreased their price target on shares of Arbor Realty Trust from $8.50 to $7.50 and set an “underperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Thursday, December 4th. Finally, Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Sunday, October 26th.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $8.06 on Friday. The company has a market cap of $1.58 billion, a P/E ratio of 10.07 and a beta of 1.39. The company has a fifty day simple moving average of $8.57 and a 200 day simple moving average of $10.56. Arbor Realty Trust has a 12-month low of $7.58 and a 12-month high of $14.33. The company has a current ratio of 287.79, a quick ratio of 287.79 and a debt-to-equity ratio of 2.51.

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

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date was Friday, November 14th. Arbor Realty Trust’s dividend payout ratio is presently 150.00%.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, CEO Ivan Kaufman purchased 29,000 shares of Arbor Realty Trust stock in a transaction on Monday, November 17th. The shares were acquired at an average cost of $8.34 per share, for a total transaction of $241,860.00. Following the completion of the transaction, the chief executive officer directly owned 54,000 shares of the company’s stock, valued at approximately $450,360. The trade was a 116.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank increased its position in Arbor Realty Trust by 1.8% during the 2nd quarter. Amalgamated Bank now owns 54,581 shares of the real estate investment trust’s stock valued at $584,000 after buying an additional 962 shares in the last quarter. Jamison Private Wealth Management Inc. increased its holdings in shares of Arbor Realty Trust by 7.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 15,108 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 1,086 shares in the last quarter. Allworth Financial LP raised its position in shares of Arbor Realty Trust by 77.8% in the 2nd quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,130 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Arbor Realty Trust by 6.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 17,527 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 1,130 shares in the last quarter. Finally, Byrne Financial Freedom LLC grew its position in Arbor Realty Trust by 8.0% during the 2nd quarter. Byrne Financial Freedom LLC now owns 15,548 shares of the real estate investment trust’s stock valued at $166,000 after purchasing an additional 1,157 shares during the last quarter. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.