Arbor Realty Trust (NYSE:ABR) Stock Has Average Target Price of $5.12 According to Analysts

Arbor Realty Trust (NYSE:ABR) has earned a consensus recommendation of “Strong Sell” from the six research firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.12.

ABR has been the topic of several recent research reports. JPMorgan Chase & Co. raised Arbor Realty Trust from an “underweight” rating to a “neutral” rating and cut their price target for the stock from $7.00 to $5.50 in a report on Friday, July 17th. Zacks Research downgraded Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Friday, October 30th. Wall Street Zen lowered Arbor Realty Trust from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of Arbor Realty Trust in a research note on Wednesday, October 28th. Finally, Keefe, Bruyette & Woods cut their target price on Arbor Realty Trust from $5.00 to $3.00 and set an “underperform” rating on the stock in a research note on Friday, October 9th.

Insider Buying and Selling at Arbor Realty Trust

In other news, Director William Green acquired 25,951 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average price of $5.07 per share, with a total value of $131,571.57. Following the acquisition, the director directly owned 231,369 shares in the company, valued at approximately $1,173,040.83. The trade was a 12.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Arbor Realty Trust in the 2nd quarter worth about $143,448,000. Bank of New York Mellon Corp bought a new stake in shares of Arbor Realty Trust during the second quarter valued at approximately $7,702,000. Principal Financial Group Inc. raised its holdings in shares of Arbor Realty Trust by 2.0% during the first quarter. Principal Financial Group Inc. now owns 951,200 shares of the real estate investment trust’s stock valued at $7,334,000 after buying an additional 18,529 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Arbor Realty Trust by 124.9% during the first quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust’s stock valued at $4,246,000 after buying an additional 305,844 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Arbor Realty Trust by 13.6% during the first quarter. Bank of America Corp DE now owns 486,195 shares of the real estate investment trust’s stock worth $3,749,000 after buying an additional 58,372 shares during the period. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Performance

NYSE ABR traded down $0.05 during trading hours on Friday, reaching $1.61. The company’s stock had a trading volume of 7,812,534 shares, compared to its average volume of 10,900,630. The company has a current ratio of 33.60, a quick ratio of 478.85 and a debt-to-equity ratio of 2.80. The business has a 50-day simple moving average of $3.60 and a 200 day simple moving average of $5.78. Arbor Realty Trust has a 52 week low of $1.58 and a 52 week high of $9.46. The stock has a market cap of $297.27 million, a PE ratio of -2.52 and a beta of 1.28.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, October 30th. The real estate investment trust reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.08). The company had revenue of $94.17 million for the quarter, compared to the consensus estimate of $112.42 million. Arbor Realty Trust had a negative net margin of 7.96% and a positive return on equity of 3.98%. Equities research analysts predict that Arbor Realty Trust will post 0.03 earnings per share for the current fiscal year.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that originates, acquires, services and manages a diversified portfolio of commercial real estate-related investments. The company focuses primarily on multifamily properties and provides financing solutions to property owners, developers and investors.

Arbor’s business includes bridge and mezzanine lending, structured finance, mortgage servicing and agency lending. Through its agency platform, the company provides financing for multifamily properties through programs associated with Fannie Mae and Freddie Mac, while its structured finance activities include investments in mortgage-related assets and other real estate debt.

Founded in 2003, Arbor Realty Trust serves markets across the United States.