Arbor Realty Trust (NYSE:ABR) Downgraded by Zacks Research to Strong Sell

Arbor Realty Trust (NYSE:ABR) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

ABR has been the topic of several other reports. Keefe, Bruyette & Woods reduced their target price on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a report on Tuesday, May 12th. Wall Street Zen downgraded Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Citizens Jmp lowered their price target on 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 reaffirmed a “sell (d+)” rating on shares of Arbor Realty Trust in a research report on Friday, May 22nd. Finally, Piper Sandler cut their price objective on Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating on the stock in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Arbor Realty Trust presently has a consensus rating of “Reduce” and an average target price of $6.50.

Arbor Realty Trust Stock Up 0.3%

Shares of NYSE ABR opened at $5.17 on Thursday. Arbor Realty Trust has a 52-week low of $4.86 and a 52-week high of $12.57. The company has a debt-to-equity ratio of 2.71, a quick ratio of 428.41 and a current ratio of 428.41. The stock has a market cap of $993.54 million, a P/E ratio of 13.24 and a beta of 1.15. The firm has a 50 day moving average price of $5.37 and a 200 day moving average price of $6.95.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.09). Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. The firm had revenue of $119.67 million during the quarter, compared to analyst estimates of $109.86 million. Analysts expect that Arbor Realty Trust will post 0.32 EPS for the current year.

Insider Activity at Arbor Realty Trust

In other news, insider David Erwin Friedman sold 7,685 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $6.87, for a total value of $52,795.95. Following the sale, the insider owned 59,638 shares of the company’s stock, valued at $409,713.06. The trade was a 11.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arbor Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABR. Balyasny Asset Management L.P. grew its stake in Arbor Realty Trust by 296.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust’s stock valued at $29,765,000 after purchasing an additional 2,869,132 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Arbor Realty Trust during the 4th quarter worth approximately $10,219,000. Wasatch Advisors LP raised its stake in shares of Arbor Realty Trust by 19.2% during the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock worth $49,541,000 after purchasing an additional 654,583 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Arbor Realty Trust by 41.9% during the 4th quarter. Van ECK Associates Corp now owns 1,892,783 shares of the real estate investment trust’s stock worth $14,688,000 after purchasing an additional 559,209 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Arbor Realty Trust by 111.4% in the 4th quarter. UBS Group AG now owns 1,045,564 shares of the real estate investment trust’s stock valued at $8,114,000 after buying an additional 550,875 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

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.