JPMorgan Chase & Co. Lowers Arbor Realty Trust (NYSE:ABR) Price Target to $9.00

Arbor Realty Trust (NYSE:ABR) had its price objective decreased by analysts at JPMorgan Chase & Co. from $10.00 to $9.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 1.75% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. JMP Securities cut their target price on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 19th. Keefe, Bruyette & Woods cut their price objective on Arbor Realty Trust from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arbor Realty Trust in a research report on Monday. Finally, Piper Sandler set a $10.00 price target on Arbor Realty Trust and gave the stock an “underweight” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $10.75.

Arbor Realty Trust Stock Down 1.3%

Shares of Arbor Realty Trust stock opened at $8.85 on Thursday. Arbor Realty Trust has a 12-month low of $8.18 and a 12-month high of $14.55. The company has a quick ratio of 287.79, a current ratio of 287.79 and a debt-to-equity ratio of 2.51. The stock has a 50 day moving average price of $10.40 and a two-hundred day moving average price of $10.87. The stock has a market capitalization of $1.73 billion, a P/E ratio of 11.06 and a beta of 1.38.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. The company had revenue of $162.49 million for the quarter, compared to analyst estimates of $72.26 million. Arbor Realty Trust had a net margin of 20.07% and a return on equity of 11.63%. Equities analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Insiders Place Their Bets

In other Arbor Realty Trust news, CEO Ivan Kaufman purchased 29,000 shares of the stock in a transaction on Monday, November 17th. The shares were purchased at an average price of $8.34 per share, with a total value of $241,860.00. Following the acquisition, the chief executive officer directly owned 54,000 shares of the company’s stock, valued at $450,360. This represents a 116.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.80% of the stock is owned by corporate insiders.

Institutional Trading of Arbor Realty Trust

Several institutional investors have recently made changes to their positions in ABR. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Arbor Realty Trust by 8.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,979 shares of the real estate investment trust’s stock worth $693,000 after purchasing an additional 4,484 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Arbor Realty Trust by 17.0% in the 1st quarter. Natixis Advisors LLC now owns 19,577 shares of the real estate investment trust’s stock worth $230,000 after buying an additional 2,849 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Arbor Realty Trust by 2.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,549,107 shares of the real estate investment trust’s stock worth $29,952,000 after buying an additional 56,002 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Arbor Realty Trust by 393.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 776,976 shares of the real estate investment trust’s stock valued at $9,129,000 after buying an additional 619,473 shares in the last quarter. Finally, Covestor Ltd grew its position in Arbor Realty Trust by 14.7% in the first quarter. Covestor Ltd now owns 8,965 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 1,146 shares during the period. 57.25% of the stock is currently owned by institutional investors and hedge funds.

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.