Wedbush Reaffirms Neutral Rating for Arbor Realty Trust (NYSE:ABR)

Wedbush reaffirmed their neutral rating on shares of Arbor Realty Trust (NYSE:ABR) in a report published on Monday morning, Benzinga reports. They currently have a $13.00 price objective on the real estate investment trust’s stock.

Several other equities analysts also recently commented on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Arbor Realty Trust from $13.50 to $13.25 and set a market perform rating for the company in a research note on Wednesday, April 10th. JMP Securities decreased their price target on shares of Arbor Realty Trust from $19.00 to $17.00 and set a market outperform rating for the company in a research note on Thursday, February 1st. TheStreet upgraded shares of Arbor Realty Trust from a d+ rating to a c rating in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. reduced their price target on Arbor Realty Trust from $12.50 to $12.00 and set an underweight rating for the company in a report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Arbor Realty Trust currently has a consensus rating of Hold and an average price target of $14.71.

Arbor Realty Trust Stock Performance

NYSE:ABR opened at $12.83 on Monday. The company has a debt-to-equity ratio of 3.14, a quick ratio of 36.02 and a current ratio of 36.63. Arbor Realty Trust has a fifty-two week low of $11.77 and a fifty-two week high of $17.74. The business has a 50 day moving average price of $12.86 and a 200-day moving average price of $13.39. The firm has a market cap of $2.42 billion, a PE ratio of 7.97 and a beta of 1.96.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 13.41%. The ex-dividend date of this dividend is Thursday, May 16th. Arbor Realty Trust’s dividend payout ratio is 106.83%.

Insider Buying and Selling at Arbor Realty Trust

In related news, Director William C. Green bought 10,209 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average cost of $12.93 per share, with a total value of $132,002.37. Following the acquisition, the director now owns 162,809 shares in the company, valued at $2,105,120.37. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Westside Investment Management Inc. bought a new stake in Arbor Realty Trust during the 1st quarter worth approximately $27,000. Cape Investment Advisory Inc. boosted its holdings in Arbor Realty Trust by 671.7% in the 4th quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 2,015 shares during the period. ICA Group Wealth Management LLC purchased a new stake in Arbor Realty Trust in the 4th quarter worth $35,000. Sound Income Strategies LLC increased its stake in Arbor Realty Trust by 322.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 1,791 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new position in shares of Arbor Realty Trust in the fourth quarter valued at about $38,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

About Arbor Realty Trust

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates through Structured Business and Agency Business segments. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities.