Arbor Realty Trust (NYSE:ABR) Receives Consensus Rating of “Reduce” from Analysts

Arbor Realty Trust (NYSE:ABR) has earned a consensus rating of “Reduce” from the six research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $6.00.

ABR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating for the company in a report on Monday, August 3rd. Weiss Ratings downgraded shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Piper Sandler dropped their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating on the stock in a research report on Monday, August 3rd. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and cut their target price for the company from $7.00 to $5.50 in a research note on Friday, July 17th. Finally, Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st.

Insider Buying and Selling at Arbor Realty Trust

In other news, Director William Green bought 25,951 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average cost of $5.07 per share, with a total value of $131,571.57. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

Several large investors have recently added to or reduced their stakes in ABR. Oregon Public Employees Retirement Fund grew its stake in Arbor Realty Trust by 3.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 44,752 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 1,400 shares in the last quarter. NFSG Corp increased its position in shares of Arbor Realty Trust by 10.0% during the 1st quarter. NFSG Corp now owns 17,025 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 1,553 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Arbor Realty Trust by 5.1% during the 4th quarter. ProShare Advisors LLC now owns 37,814 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 1,827 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of Arbor Realty Trust during the 1st quarter worth approximately $29,000. Finally, D.A. Davidson & CO. boosted its holdings in shares of Arbor Realty Trust by 7.7% in the 1st quarter. D.A. Davidson & CO. now owns 69,574 shares of the real estate investment trust’s stock valued at $536,000 after buying an additional 4,952 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

Shares of NYSE ABR traded down $0.12 during trading hours on Friday, hitting $4.36. 946,342 shares of the company’s stock were exchanged, compared to its average volume of 4,048,099. Arbor Realty Trust has a 1-year low of $4.32 and a 1-year high of $12.57. The company has a debt-to-equity ratio of 2.33, a current ratio of 478.85 and a quick ratio of 478.85. The stock has a market capitalization of $812.47 million, a price-to-earnings ratio of 62.36 and a beta of 1.15. The company’s 50-day moving average price is $5.05 and its 200-day moving average price is $6.11.

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

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 15.6%. Arbor Realty Trust’s dividend payout ratio is currently 971.43%.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that specializes in financing and investing in commercial real estate. The company focuses primarily on the multifamily housing sector, providing capital to property owners, operators and developers through a range of lending and investment programs.

Its business activities include originating bridge and structured loans, acquiring or investing in mortgage-related assets, and providing mezzanine loans and preferred equity investments.