Arbor Realty Trust (NYSE:ABR) Receives Average Rating of “Strong Sell” from Analysts

Arbor Realty Trust (NYSE:ABR) has received an average recommendation of “Strong Sell” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $9.00.

ABR has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped 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 note on Thursday, December 4th. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Citizens Jmp dropped their target price on shares of Arbor Realty Trust from $12.00 to $11.00 and set a “market outperform” rating on the stock in a research report on Thursday. Zacks Research lowered shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 25th. Finally, Piper Sandler reduced their price target on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, December 22nd.

Arbor Realty Trust Stock Up 0.1%

Shares of NYSE ABR opened at $7.52 on Friday. The business has a 50-day moving average of $7.74 and a two-hundred day moving average of $9.04. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.66 and a beta of 1.34. Arbor Realty Trust has a 1 year low of $7.11 and a 1 year high of $12.57. The company has a debt-to-equity ratio of 2.41, a current ratio of 394.59 and a quick ratio of 394.59.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 16.0%. Arbor Realty Trust’s payout ratio is 218.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its position in shares of Arbor Realty Trust by 72.1% during the second quarter. Advisors Asset Management Inc. now owns 564,323 shares of the real estate investment trust’s stock worth $6,038,000 after acquiring an additional 236,514 shares during the last quarter. Marshall Wace LLP purchased a new stake in Arbor Realty Trust in the 2nd quarter valued at $26,358,000. Norges Bank acquired a new stake in Arbor Realty Trust during the 2nd quarter worth $1,725,000. Azora Capital LP acquired a new stake in Arbor Realty Trust during the 3rd quarter worth $7,897,000. Finally, Hudson Bay Capital Management LP purchased a new position in Arbor Realty Trust during the 3rd quarter worth $4,942,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

About Arbor Realty Trust

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.