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

Arbor Realty Trust (NYSE:ABR) has received an average rating of “Reduce” from the six research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $8.00.

Several research firms have recently issued reports on ABR. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods lowered their target price on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a report on Tuesday, May 12th. Citizens Jmp lowered their target price on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a report on Thursday, May 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Arbor Realty Trust in a report on Friday, May 22nd. Finally, Wall Street Zen lowered shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th.

Arbor Realty Trust Price Performance

Shares of ABR stock opened at $5.31 on Wednesday. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 13.60 and a beta of 1.14. The business’s fifty day moving average is $6.85 and its 200 day moving average is $7.62. Arbor Realty Trust has a twelve month low of $5.20 and a twelve month high of $12.57. The company has a quick ratio of 428.41, a current ratio of 428.41 and a debt-to-equity ratio of 2.71.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.09). The firm had revenue of $119.67 million during the quarter, compared to analysts’ expectations of $109.86 million. Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%. Research analysts expect that Arbor Realty Trust will post 0.38 EPS for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 12.8%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 174.36%.

Insider Activity

In other Arbor Realty Trust news, insider David Erwin Friedman acquired 8,840 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $6.84 per share, with a total value of $60,465.60. Following the completion of the acquisition, the insider owned 68,478 shares in the company, valued at $468,389.52. This represents a 14.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in ABR. Bessemer Group Inc. purchased a new stake in shares of Arbor Realty Trust in the 1st quarter worth $29,000. Smartleaf Asset Management LLC increased its stake in shares of Arbor Realty Trust by 73.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,175 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Arbor Realty Trust in the 4th quarter worth $39,000. Rothschild Investment LLC increased its stake in shares of Arbor Realty Trust by 1,264.6% in the 3rd quarter. Rothschild Investment LLC now owns 3,275 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 3,035 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in Arbor Realty Trust in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

About Arbor Realty Trust

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.