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

Arbor Realty Trust (NYSE:ABR) has earned an average recommendation of “Reduce” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $11.00.

ABR has been the topic of several recent analyst reports. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Keefe, Bruyette & Woods reduced their price target on shares of Arbor Realty Trust from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arbor Realty Trust in a report on Monday. JPMorgan Chase & Co. reduced their target price on Arbor Realty Trust from $11.50 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 3rd. Finally, Wall Street Zen cut Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Sunday, October 26th.

Insiders Place Their Bets

In related news, CEO Ivan Kaufman bought 29,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was bought at an average cost of $8.34 per share, with a total value of $241,860.00. Following the completion of the purchase, the chief executive officer owned 54,000 shares in the company, valued at approximately $450,360. The trade was a 116.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at $447,944,000. Marshall Wace LLP bought a new position in shares of Arbor Realty Trust in the 2nd quarter valued at about $26,358,000. Balyasny Asset Management L.P. acquired a new stake in shares of Arbor Realty Trust during the 2nd quarter worth approximately $21,534,000. Wasatch Advisors LP raised its stake in shares of Arbor Realty Trust by 19.2% during the third quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock worth $49,541,000 after buying an additional 654,583 shares during the last quarter. Finally, Azora Capital LP acquired a new position in Arbor Realty Trust in the third quarter valued at approximately $7,897,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Price Performance

Shares of ABR stock traded up $0.19 during mid-day trading on Friday, reaching $8.51. The company’s stock had a trading volume of 2,882,079 shares, compared to its average volume of 3,299,276. The firm’s 50-day moving average is $10.98 and its two-hundred day moving average is $10.99. The company has a market cap of $1.67 billion, a P/E ratio of 9.35 and a beta of 1.38. Arbor Realty Trust has a 1-year low of $8.18 and a 1-year high of $15.05. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. The business had revenue of $162.49 million for the quarter, compared to analysts’ expectations of $72.26 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. On average, research analysts predict that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, November 14th. This represents a $1.20 annualized dividend and a yield of 14.1%. Arbor Realty Trust’s dividend payout ratio is 150.00%.

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.