Arbor Realty Trust (NYSE:ABR) Price Target Cut to $11.75 by Analysts at Keefe, Bruyette & Woods

Arbor Realty Trust (NYSE:ABR) had its price objective reduced by Keefe, Bruyette & Woods from $12.00 to $11.75 in a research note issued to investors on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on ABR. JPMorgan Chase & Co. lowered their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Raymond James lowered shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.71.

Arbor Realty Trust Trading Up 9.4 %

Shares of NYSE ABR opened at $11.10 on Monday. The stock has a market cap of $2.10 billion, a P/E ratio of 9.33 and a beta of 1.66. The firm has a 50 day moving average price of $12.40 and a two-hundred day moving average price of $13.75. The company has a debt-to-equity ratio of 2.41, a quick ratio of 35.68 and a current ratio of 37.49. Arbor Realty Trust has a 52-week low of $9.66 and a 52-week high of $15.94.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The company had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. As a group, equities analysts forecast that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 15.50%. The ex-dividend date of this dividend was Friday, March 7th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 144.54%.

Institutional Trading of Arbor Realty Trust

Several large investors have recently modified their holdings of the stock. CIBC Asset Management Inc grew its holdings in Arbor Realty Trust by 4.3% in the fourth quarter. CIBC Asset Management Inc now owns 18,676 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 774 shares during the period. Natixis Advisors LLC grew its stake in shares of Arbor Realty Trust by 5.0% in the 4th quarter. Natixis Advisors LLC now owns 16,728 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 797 shares during the period. Principal Securities Inc. increased its position in Arbor Realty Trust by 10.0% in the 4th quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 825 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Arbor Realty Trust by 0.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 153,494 shares of the real estate investment trust’s stock worth $2,126,000 after buying an additional 1,007 shares during the period. Finally, Xponance Inc. boosted its holdings in Arbor Realty Trust by 10.0% in the fourth quarter. Xponance Inc. now owns 13,288 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 1,209 shares in the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

About Arbor Realty Trust

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates through Structured Business and Agency Business segments. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities.