Piper Sandler Cuts Arbor Realty Trust (NYSE:ABR) Price Target to $5.50

Arbor Realty Trust (NYSE:ABR) had its price objective reduced by Piper Sandler from $8.00 to $5.50 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the real estate investment trust’s stock. Piper Sandler’s target price suggests a potential upside of 2.33% from the company’s current price.

A number of other brokerages also recently commented on ABR. Weiss Ratings restated a “sell (d+)” rating on shares of Arbor Realty Trust in a research note on Friday, May 22nd. Keefe, Bruyette & Woods cut their target price on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a research report on Tuesday, May 12th. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Citizens Jmp dropped their price target on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research note on Thursday, May 14th. Finally, Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $7.38.

Arbor Realty Trust Price Performance

ABR opened at $5.38 on Thursday. The company’s 50 day simple moving average is $6.07 and its 200 day simple moving average is $7.20. The company has a debt-to-equity ratio of 2.71, a quick ratio of 428.41 and a current ratio of 428.41. Arbor Realty Trust has a 1 year low of $4.99 and a 1 year high of $12.57. The stock has a market capitalization of $1.03 billion, a PE ratio of 13.78 and a beta of 1.14.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.09). The firm had revenue of $119.67 million for the quarter, compared to analyst estimates of $109.86 million. Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%. As a group, sell-side analysts expect that Arbor Realty Trust will post 0.38 EPS for the current year.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, insider David Erwin Friedman sold 7,685 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $6.87, for a total transaction of $52,795.95. Following the completion of the transaction, the insider directly owned 59,638 shares of the company’s stock, valued at approximately $409,713.06. This trade represents a 11.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Arbor Realty Trust

A number of large investors have recently added to or reduced their stakes in ABR. Smartleaf Asset Management LLC grew its position in Arbor Realty Trust by 73.5% in the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,175 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Arbor Realty Trust during the 1st quarter valued at $29,000. Quantbot Technologies LP bought a new stake in shares of Arbor Realty Trust during the 2nd quarter worth $46,000. Larson Financial Group LLC boosted its stake in shares of Arbor Realty Trust by 98.9% during the 3rd quarter. Larson Financial Group LLC now owns 4,411 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 2,193 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Arbor Realty Trust by 61.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,705 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,782 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors.

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.