Arbor Realty Trust (NYSE:ABR) Lowered 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. started coverage on Arbor Realty Trust in a research report on Thursday, December 21st. They set a “neutral” rating and a $8.50 price target for the company. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $8.94.

Arbor Realty Trust (ABR) traded up $0.05 during midday trading on Tuesday, reaching $8.49. The company had a trading volume of 261,253 shares, compared to its average volume of 450,691. Arbor Realty Trust has a twelve month low of $7.11 and a twelve month high of $8.99. The company has a current ratio of 13.19, a quick ratio of 13.19 and a debt-to-equity ratio of 1.72. The company has a market cap of $523.86, a PE ratio of 8.41 and a beta of 0.63.

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

Several hedge funds and other 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 in the 3rd quarter valued at approximately $107,000. Prudential Financial Inc. acquired a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at approximately $110,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at approximately $133,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Arbor Realty Trust by 98.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 31,367 shares of the real estate investment trust’s stock valued at $262,000 after buying 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 2nd quarter valued at approximately $291,000. 45.67% of the stock is 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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