Arbor Realty Trust (NYSE:ABR) Upgraded by Zacks Research to Hold Rating

Arbor Realty Trust (NYSE:ABR) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and reduced their price target for the stock from $7.00 to $5.50 in a research report on Friday, July 17th. Keefe, Bruyette & Woods lowered their price objective on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating on the stock in a research report on Monday, August 3rd. Citizens Jmp dropped their price objective on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a research note on Thursday, May 14th. Piper Sandler cut their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating for the company in a research report on Monday, August 3rd. Finally, Weiss Ratings lowered shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Arbor Realty Trust currently has a consensus rating of “Reduce” and an average target price of $6.00.

Arbor Realty Trust Stock Down 1.2%

NYSE:ABR opened at $4.95 on Monday. The firm has a market capitalization of $923.47 million, a price-to-earnings ratio of 70.71 and a beta of 1.15. Arbor Realty Trust has a 1-year low of $4.73 and a 1-year high of $12.57. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33. The business’s fifty day moving average price is $5.12 and its 200 day moving average price is $6.33.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%.The firm had revenue of $117.83 million during the quarter, compared to analyst estimates of $107.75 million. On average, sell-side analysts forecast that Arbor Realty Trust will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William C. Green purchased 25,951 shares of Arbor Realty Trust stock in a transaction dated Monday, August 31st. The stock was acquired at an average cost of $5.07 per share, for a total transaction of $131,571.57. Following the acquisition, the director directly owned 231,369 shares in the company, valued at $1,173,040.83. This represents a 12.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG bought a new stake in Arbor Realty Trust in the second quarter worth approximately $1,122,000. UBS Group AG raised its holdings in shares of Arbor Realty Trust by 111.4% during the 4th quarter. UBS Group AG now owns 1,045,564 shares of the real estate investment trust’s stock valued at $8,114,000 after purchasing an additional 550,875 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Arbor Realty Trust by 124.9% in the 1st quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust’s stock valued at $4,246,000 after purchasing an additional 305,844 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at $143,448,000. Finally, Odyssean LLC boosted its holdings in Arbor Realty Trust by 227.4% in the second quarter. Odyssean LLC now owns 570,598 shares of the real estate investment trust’s stock worth $3,093,000 after purchasing an additional 396,292 shares in the last quarter. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

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.