Arbor Realty Trust (ABR) Cut to “Hold” at Zacks Investment Research

Arbor Realty Trust (NYSE:ABR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, January 9th.

According to Zacks, “Arbor Realty Trust is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. “

Separately, JPMorgan Chase & Co. assumed coverage on shares of Arbor Realty Trust in a research note on Thursday, December 21st. They set a “neutral” rating and a $8.50 price target on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $8.94.

Arbor Realty Trust (NYSE:ABR) traded up $0.05 during trading on Tuesday, hitting $8.49. 261,253 shares of the company’s stock traded hands, compared to its average volume of 450,691. Arbor Realty Trust has a one year low of $7.11 and a one year high of $8.99. The firm has a market cap of $523.86, a PE ratio of 8.41 and a beta of 0.63. The company has a debt-to-equity ratio of 1.72, a current ratio of 13.19 and a quick ratio of 13.19.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.08. Arbor Realty Trust had a net margin of 57.54% and a return on equity of 11.61%. The company had revenue of $42.14 million for the quarter. equities research analysts predict that Arbor Realty Trust will post 1 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in ABR. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Arbor Realty Trust during the 3rd quarter worth about $107,000. Prudential Financial Inc. acquired a new stake in shares of Arbor Realty Trust in the second quarter worth approximately $110,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Arbor Realty Trust in the second quarter worth approximately $133,000. Cubist Systematic Strategies LLC boosted its position in shares of Arbor Realty Trust by 98.8% in the second quarter. Cubist Systematic Strategies LLC now owns 31,367 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 15,587 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Arbor Realty Trust in the second quarter worth approximately $291,000. 45.67% of the stock is currently owned by institutional investors.

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About Arbor Realty Trust

Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.

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