Arbor Realty Trust (NYSE:ABR) Given Average Rating of “Reduce” by Brokerages

Arbor Realty Trust (NYSE:ABR) has been assigned an average rating of “Reduce” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $9.3750.

Several research firms recently commented on ABR. Piper Sandler decreased their price objective on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, December 22nd. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. JPMorgan Chase & Co. lowered their price target on shares of Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Thursday, December 4th. Keefe, Bruyette & Woods cut their price objective on Arbor Realty Trust from $8.50 to $7.50 and set an “underperform” rating for the company in a research report on Thursday, January 8th. Finally, Weiss Ratings upgraded Arbor Realty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th.

Insider Transactions at Arbor Realty Trust

In other news, CEO Ivan Kaufman bought 29,000 shares of Arbor Realty Trust stock in a transaction on Monday, November 17th. The shares were bought at an average cost of $8.34 per share, for a total transaction of $241,860.00. Following the acquisition, the chief executive officer owned 54,000 shares in the company, valued at approximately $450,360. This trade represents a 116.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new stake in Arbor Realty Trust in the 2nd quarter worth approximately $27,000. HM Payson & Co. purchased a new stake in shares of Arbor Realty Trust in the third quarter valued at $31,000. Allworth Financial LP increased its stake in Arbor Realty Trust by 77.8% in the second quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,130 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Arbor Realty Trust by 73.5% during the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,175 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Arbor Realty Trust in the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

ABR opened at $8.27 on Friday. Arbor Realty Trust has a 1-year low of $7.58 and a 1-year high of $14.33. The stock has a market cap of $1.62 billion, a P/E ratio of 10.34 and a beta of 1.39. The stock’s 50 day simple moving average is $8.42 and its 200 day simple moving average is $10.46. The company has a debt-to-equity ratio of 2.51, a current ratio of 287.79 and a quick ratio of 287.79.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07. The company had revenue of $162.49 million for 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%. As a group, equities analysts anticipate that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 14.5%. The ex-dividend date was Friday, November 14th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 150.00%.

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.