Zacks Investment Research Lowers Arbor Realty Trust (ABR) to Hold

Zacks Investment Research lowered shares of Arbor Realty Trust (NYSE:ABR) from a strong-buy rating to a hold rating in a research report released on Tuesday.

According to Zacks, “Arbor Realty Trust is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. “

Separately, JPMorgan Chase & Co. began coverage on Arbor Realty Trust in a report on Thursday, December 21st. They issued a neutral rating and a $8.50 price target for the company. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Arbor Realty Trust currently has a consensus rating of Hold and a consensus price target of $8.94.

Arbor Realty Trust (NYSE ABR) traded down $0.07 during trading on Tuesday, reaching $8.51. The company’s stock had a trading volume of 294,692 shares, compared to its average volume of 467,472. Arbor Realty Trust has a 52 week low of $7.11 and a 52 week high of $8.99. The company has a quick ratio of 13.19, a current ratio of 13.19 and a debt-to-equity ratio of 1.72. The firm has a market cap of $529.41, a PE ratio of 7.27 and a beta of 0.63.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. Arbor Realty Trust had a return on equity of 11.61% and a net margin of 57.54%. The company had revenue of $42.14 million during the quarter. equities analysts predict that Arbor Realty Trust will post 1 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Arbor Realty Trust by 7.2% in the 2nd quarter. Wells Fargo & Company MN now owns 40,267 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 2,720 shares during the period. First Trust Advisors LP lifted its holdings in shares of Arbor Realty Trust by 15.6% in the 2nd quarter. First Trust Advisors LP now owns 38,638 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 5,217 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Arbor Realty Trust by 22.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 42,831 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 7,916 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Arbor Realty Trust in the 3rd quarter valued at approximately $107,000. Finally, Prudential Financial Inc. acquired a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at approximately $110,000. 45.67% of the stock is owned by institutional investors and hedge funds.

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Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.

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