Arbor Realty Trust (NYSE:ABR) Given Consensus Recommendation of “Strong Sell” by Brokerages

Arbor Realty Trust (NYSE:ABR) has been assigned a consensus rating of “Strong Sell” from the six brokerages that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell rating and one has given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $9.00.

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on Arbor Realty Trust from $7.50 to $8.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 4th. Piper Sandler dropped their price objective on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, December 22nd. Weiss Ratings cut shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. Zacks Research downgraded shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 25th. Finally, Citizens Jmp decreased 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 report on Thursday, April 2nd.

Arbor Realty Trust Price Performance

ABR stock opened at $8.13 on Tuesday. Arbor Realty Trust has a 1 year low of $7.11 and a 1 year high of $12.57. The firm has a market capitalization of $1.56 billion, a PE ratio of 14.77 and a beta of 1.34. The company has a debt-to-equity ratio of 2.41, a current ratio of 394.59 and a quick ratio of 394.59. The business has a 50 day simple moving average of $7.73 and a 200-day simple moving average of $8.64.

Arbor Realty Trust Dividend Announcement

The company also recently declared 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. This represents a $1.20 annualized dividend and a dividend yield of 14.8%. The ex-dividend date of this dividend was Tuesday, March 10th. Arbor Realty Trust’s payout ratio is presently 218.18%.

Institutional Investors Weigh In On Arbor Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of Arbor Realty Trust by 1.4% in the 4th quarter. State Street Corp now owns 7,469,100 shares of the real estate investment trust’s stock valued at $57,960,000 after purchasing an additional 101,730 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Arbor Realty Trust by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 4,651,016 shares of the real estate investment trust’s stock valued at $36,098,000 after acquiring an additional 78,068 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Arbor Realty Trust by 19.2% in the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock worth $49,541,000 after acquiring an additional 654,583 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Arbor Realty Trust by 296.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust’s stock worth $29,765,000 after purchasing an additional 2,869,132 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Arbor Realty Trust by 2.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,100,538 shares of the real estate investment trust’s stock valued at $24,060,000 after purchasing an additional 60,979 shares during the last quarter. Institutional investors and hedge funds 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.