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

Shares of Arbor Realty Trust (NYSE:ABR) have been given an average recommendation of “Reduce” by the six research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $5.12.

ABR has been the subject of several research reports. JPMorgan Chase & Co. raised Arbor Realty Trust from an “underweight” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $5.50 in a research report on Friday, July 17th. Piper Sandler lowered their price target on shares of Arbor Realty Trust from $5.00 to $3.50 and set an “underweight” rating on the stock in a report on Friday, October 9th. Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Keefe, Bruyette & Woods dropped their price objective on shares of Arbor Realty Trust from $5.00 to $3.00 and set an “underperform” rating for the company in a research note on Friday, October 9th. Finally, Weiss Ratings cut shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th.

Arbor Realty Trust Price Performance

Shares of ABR stock opened at $2.67 on Tuesday. The stock has a 50 day moving average of $4.35 and a two-hundred day moving average of $5.43. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33. Arbor Realty Trust has a 12 month low of $2.53 and a 12 month high of $11.94. The company has a market capitalization of $499.05 million, a P/E ratio of 38.21 and a beta of 1.22.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $117.83 million for the quarter, compared to analyst estimates of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. As a group, equities analysts expect that Arbor Realty Trust will post 0.19 EPS for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a yield of 25.4%. Arbor Realty Trust’s payout ratio is presently 971.43%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NFSG Corp lifted its stake in shares of Arbor Realty Trust by 10.0% during the 1st quarter. NFSG Corp now owns 17,025 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 1,553 shares during the last quarter. Bessemer Group Inc. acquired a new position in Arbor Realty Trust in the 1st quarter valued at about $29,000. D.A. Davidson & CO. grew its stake in Arbor Realty Trust by 7.7% in the 1st quarter. D.A. Davidson & CO. now owns 69,574 shares of the real estate investment trust’s stock valued at $536,000 after buying an additional 4,952 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Arbor Realty Trust by 57.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,654 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 5,734 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in Arbor Realty Trust by 21.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 35,719 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 6,290 shares during the period. Institutional investors own 57.25% of the company’s stock.

About Arbor Realty Trust

Arbor Realty Trust, Inc is a real estate investment trust that provides financing for multifamily and other commercial real estate properties. The company originates, acquires, and invests in a range of structured finance products, including bridge loans, mezzanine loans, preferred equity investments, and other real estate-related debt investments.

Through its lending platforms and subsidiaries, Arbor Realty Trust also provides agency lending services for multifamily properties. These activities include originating and servicing loans through programs associated with Fannie Mae, Freddie Mac, and the U.S.