Arbor Realty Trust (NYSE:ABR) Stock Has Consensus Price Target of $6.00 According to Analysts

Shares of Arbor Realty Trust (NYSE:ABR) have been given an average rating of “Reduce” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Three 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 price objective among analysts that have issued ratings on the stock in the last year is $6.00.

ABR has been the topic of several research analyst reports. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Keefe, Bruyette & Woods lowered their target price on Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating on the stock in a research note on Monday, August 3rd. Piper Sandler reduced their price target on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating for the company in a research report on Monday, August 3rd. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $7.00 to $5.50 in a report on Friday, July 17th. Finally, Weiss Ratings cut shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th.

Arbor Realty Trust Trading Down 2.7%

NYSE:ABR opened at $4.08 on Friday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 478.85 and a current ratio of 478.85. The firm has a market cap of $760.23 million, a price-to-earnings ratio of 58.21 and a beta of 1.15. Arbor Realty Trust has a 52 week low of $4.06 and a 52 week high of $12.57. The firm has a 50-day moving average price of $4.97 and a two-hundred day moving average price of $5.96.

Arbor Realty Trust (NYSE:ABR) last announced its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The firm had revenue of $117.83 million for the quarter, compared to the consensus estimate of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. On average, equities analysts expect that Arbor Realty Trust will post 0.23 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 16.7%. The ex-dividend date of this dividend was Friday, August 14th. Arbor Realty Trust’s payout ratio is 971.43%.

Insider Buying and Selling

In other news, Director William Green acquired 25,951 shares of Arbor Realty Trust stock in a transaction on Monday, August 31st. The stock was acquired at an average cost of $5.07 per share, with a total value of $131,571.57. Following the completion of the acquisition, the director owned 231,369 shares in the company, valued at approximately $1,173,040.83. This trade represents a 12.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.20% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Arbor Realty Trust during the 2nd quarter worth $143,448,000. Bank of New York Mellon Corp bought a new stake in Arbor Realty Trust in the 2nd quarter valued at about $7,702,000. Melia Wealth LLC lifted its holdings in Arbor Realty Trust by 0.9% during the fourth quarter. Melia Wealth LLC now owns 978,802 shares of the real estate investment trust’s stock valued at $7,596,000 after purchasing an additional 8,867 shares during the last quarter. Principal Financial Group Inc. boosted its position in Arbor Realty Trust by 2.0% during the first quarter. Principal Financial Group Inc. now owns 951,200 shares of the real estate investment trust’s stock worth $7,334,000 after purchasing an additional 18,529 shares during the period. Finally, First Trust Advisors LP boosted its position in Arbor Realty Trust by 124.9% during the first quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust’s stock worth $4,246,000 after purchasing an additional 305,844 shares during the period. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that specializes in financing and investing in commercial real estate. The company focuses primarily on the multifamily housing sector, providing capital to property owners, operators and developers through a range of lending and investment programs.

Its business activities include originating bridge and structured loans, acquiring or investing in mortgage-related assets, and providing mezzanine loans and preferred equity investments.