Piper Sandler Cuts Arbor Realty Trust (NYSE:ABR) Price Target to $8.00

Arbor Realty Trust (NYSE:ABR) had its price objective trimmed by Piper Sandler from $10.00 to $8.00 in a research report report published on Monday morning, MarketBeat Ratings reports. The firm currently has an underweight rating on the real estate investment trust’s stock.

ABR has been the subject of a number of other research reports. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $8.50 price objective (down from $11.00) on shares of Arbor Realty Trust in a report on Monday, December 15th. JPMorgan Chase & Co. dropped their target price on shares of Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arbor Realty Trust in a research report on Monday, December 15th. Finally, Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Arbor Realty Trust currently has a consensus rating of “Reduce” and a consensus target price of $9.63.

Arbor Realty Trust Stock Performance

Arbor Realty Trust stock opened at $7.92 on Monday. Arbor Realty Trust has a 12-month low of $7.69 and a 12-month high of $14.33. The company has a debt-to-equity ratio of 2.51, a current ratio of 287.79 and a quick ratio of 287.79. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 9.89 and a beta of 1.38. The firm’s fifty day moving average price is $9.46 and its 200 day moving average price is $10.77.

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

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, November 14th. This represents a $1.20 annualized dividend and a yield of 15.2%. Arbor Realty Trust’s dividend payout ratio is 150.00%.

Insider Transactions at Arbor Realty Trust

In related news, CEO Ivan Kaufman bought 29,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was bought at an average cost of $8.34 per share, for a total transaction of $241,860.00. Following the completion of the purchase, the chief executive officer directly owned 54,000 shares in the company, valued at approximately $450,360. The trade was a 116.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is owned by corporate insiders.

Institutional Trading of Arbor Realty Trust

Several hedge funds have recently made changes to their positions in the stock. Amalgamated Bank raised its stake in shares of Arbor Realty Trust by 1.8% in the second quarter. Amalgamated Bank now owns 54,581 shares of the real estate investment trust’s stock valued at $584,000 after purchasing an additional 962 shares in the last quarter. Jamison Private Wealth Management Inc. increased its holdings in Arbor Realty Trust by 7.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 15,108 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 1,086 shares during the period. Allworth Financial LP raised its stake in shares of Arbor Realty Trust by 77.8% in the 2nd quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,130 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Arbor Realty Trust by 6.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 17,527 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 1,130 shares in the last quarter. Finally, Byrne Financial Freedom LLC lifted its holdings in shares of Arbor Realty Trust by 8.0% during the 2nd quarter. Byrne Financial Freedom LLC now owns 15,548 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 1,157 shares during the period. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.