Arbor Realty Trust (NYSE:ABR) Receives $8.00 Average Target Price from Brokerages

Shares of Arbor Realty Trust (NYSE:ABR) have received an average rating of “Reduce” from the six analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $8.00.

A number of equities research analysts have issued reports on ABR shares. Citizens Jmp lowered their target price on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a report on Thursday, May 14th. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings cut shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a report on Tuesday, May 12th.

Arbor Realty Trust Trading Down 5.7%

NYSE:ABR opened at $5.58 on Friday. The company has a current ratio of 428.41, a quick ratio of 428.41 and a debt-to-equity ratio of 2.71. The stock has a market capitalization of $1.07 billion, a PE ratio of 14.29 and a beta of 1.24. The firm’s 50 day moving average is $7.37 and its 200 day moving average is $7.94. Arbor Realty Trust has a 12 month low of $5.50 and a 12 month high of $12.57.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The company had revenue of $119.67 million during the quarter, compared to the consensus estimate of $109.86 million. Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%. Sell-side analysts expect that Arbor Realty Trust will post 0.77 earnings per share for the current year.

Arbor Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 12.2%. Arbor Realty Trust’s payout ratio is presently 174.36%.

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, insider David Erwin Friedman sold 7,685 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $6.87, for a total transaction of $52,795.95. Following the sale, the insider owned 59,638 shares of the company’s stock, valued at $409,713.06. The trade was a 11.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of Arbor Realty Trust by 13.6% in the first quarter. Bank of America Corp DE now owns 486,195 shares of the real estate investment trust’s stock worth $3,749,000 after purchasing an additional 58,372 shares during the period. Strait & Sound Wealth Management LLC bought a new position in shares of Arbor Realty Trust in the first quarter worth $1,382,000. Sunbelt Securities Inc. increased its holdings in shares of Arbor Realty Trust by 24.6% in the first quarter. Sunbelt Securities Inc. now owns 228,930 shares of the real estate investment trust’s stock worth $1,765,000 after purchasing an additional 45,166 shares during the period. Amundi bought a new position in shares of Arbor Realty Trust in the first quarter worth $78,000. Finally, California State Teachers Retirement System increased its holdings in shares of Arbor Realty Trust by 35.7% in the first quarter. California State Teachers Retirement System now owns 249,856 shares of the real estate investment trust’s stock worth $1,926,000 after purchasing an additional 65,667 shares during the period. Institutional investors 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.