Keefe, Bruyette & Woods Issues Positive Forecast for Arbor Realty Trust (NYSE:ABR) Stock Price

Arbor Realty Trust (NYSE:ABR) had its target price upped by Keefe, Bruyette & Woods from $7.50 to $8.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an underperform rating on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on ABR. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. cut their price objective on Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday, December 4th. Wall Street Zen raised Arbor Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings lowered Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. Finally, Piper Sandler cut their price target on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $9.50.

Arbor Realty Trust Stock Up 5.6%

ABR opened at $8.85 on Wednesday. Arbor Realty Trust has a fifty-two week low of $7.11 and a fifty-two week high of $12.73. The company has a debt-to-equity ratio of 2.41, a quick ratio of 287.79 and a current ratio of 394.59. The company has a fifty day moving average of $7.81 and a two-hundred day moving average of $9.61. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 16.09 and a beta of 1.36.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 13.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 218.18%.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in ABR. Atlantic Union Bankshares Corp purchased a new position in shares of Arbor Realty Trust during the second quarter worth about $27,000. Allworth Financial LP raised its stake in Arbor Realty Trust by 77.8% during the 2nd quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,130 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Arbor Realty Trust by 73.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,175 shares during the last quarter. HM Payson & Co. acquired a new stake in Arbor Realty Trust during the 3rd quarter worth approximately $31,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Arbor Realty Trust in the 4th quarter valued at approximately $39,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

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.