Arbor Realty Trust (NYSE:ABR) Cut to Strong Sell at Wall Street Zen

Wall Street Zen downgraded shares of Arbor Realty Trust (NYSE:ABR) from a sell rating to a strong sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Several other research analysts also recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Arbor Realty Trust in a research note on Wednesday, October 28th. Citizens Jmp cut Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 29th. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Piper Sandler lowered their price target on Arbor Realty Trust from $5.00 to $3.50 and set an “underweight” rating for the company in a report on Friday, October 9th. Finally, JPMorgan Chase & Co. upgraded Arbor Realty Trust from an “underweight” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $5.50 in a research note on Friday, July 17th. Three analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $5.12.

Arbor Realty Trust Price Performance

NYSE ABR opened at $1.92 on Friday. The firm’s fifty day simple moving average is $3.87 and its two-hundred day simple moving average is $5.91. The firm has a market capitalization of $357.26 million, a P/E ratio of -2.99 and a beta of 1.22. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33. Arbor Realty Trust has a 12-month low of $1.89 and a 12-month high of $10.10.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, October 30th. The real estate investment trust reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.08). The business had revenue of $94.17 million for the quarter, compared to analysts’ expectations of $112.42 million. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. Analysts forecast that Arbor Realty Trust will post 0.19 EPS for the current fiscal year.

Insider Activity at Arbor Realty Trust

In related news, Director William Green acquired 25,951 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were purchased 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 directly owned 231,369 shares of the company’s stock, valued at $1,173,040.83. This 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 the SEC website. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABR. Bank of America Corp DE purchased a new stake in Arbor Realty Trust in the second quarter valued at approximately $1,892,000. Legal & General Group Plc purchased a new position in Arbor Realty Trust during the 2nd quarter worth approximately $2,326,000. Deutsche Bank AG purchased a new position in Arbor Realty Trust during the 2nd quarter worth approximately $1,122,000. BlackRock Inc. purchased a new position in Arbor Realty Trust during the 2nd quarter worth approximately $143,448,000. Finally, Bank of New York Mellon Corp acquired a new stake in Arbor Realty Trust during the 2nd quarter valued at approximately $7,702,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that originates, acquires, services and manages a diversified portfolio of commercial real estate-related investments. The company focuses primarily on multifamily properties and provides financing solutions to property owners, developers and investors.

Arbor’s business includes bridge and mezzanine lending, structured finance, mortgage servicing and agency lending. Through its agency platform, the company provides financing for multifamily properties through programs associated with Fannie Mae and Freddie Mac, while its structured finance activities include investments in mortgage-related assets and other real estate debt.

Founded in 2003, Arbor Realty Trust serves markets across the United States.