Zacks Investment Research Lowers ARBOR RLTY TR I/SH (NYSE:ABR) to Sell

Zacks Investment Research lowered shares of ARBOR RLTY TR I/SH (NYSE:ABR) from a hold rating to a sell rating in a research note issued to investors on Thursday, Zacks.com reports.

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, ValuEngine cut shares of ARBOR RLTY TR I/SH from a hold rating to a sell rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $13.60.

NYSE:ABR traded down $0.07 during midday trading on Thursday, reaching $14.75. 748,278 shares of the stock traded hands, compared to its average volume of 979,411. ARBOR RLTY TR I/SH has a 12-month low of $11.30 and a 12-month high of $15.77. The business has a 50-day moving average of $14.47 and a two-hundred day moving average of $13.52. The company has a debt-to-equity ratio of 2.07, a quick ratio of 15.03 and a current ratio of 15.03. The stock has a market capitalization of $1.63 billion, a PE ratio of 10.61 and a beta of 0.61.

ARBOR RLTY TR I/SH (NYSE:ABR) last posted its earnings results on Friday, November 1st. The real estate investment trust reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. ARBOR RLTY TR I/SH had a net margin of 44.18% and a return on equity of 13.03%. The company had revenue of $32.45 million during the quarter, compared to analysts’ expectations of $34.73 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. ARBOR RLTY TR I/SH’s revenue for the quarter was up 16.1% compared to the same quarter last year. Research analysts anticipate that ARBOR RLTY TR I/SH will post 1.25 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in ARBOR RLTY TR I/SH by 10.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,747,316 shares of the real estate investment trust’s stock valued at $45,418,000 after purchasing an additional 343,778 shares in the last quarter. UBS Group AG increased its stake in shares of ARBOR RLTY TR I/SH by 10.9% in the second quarter. UBS Group AG now owns 2,336,199 shares of the real estate investment trust’s stock worth $28,315,000 after acquiring an additional 230,039 shares during the period. Morgan Stanley increased its stake in shares of ARBOR RLTY TR I/SH by 25.5% in the second quarter. Morgan Stanley now owns 1,069,638 shares of the real estate investment trust’s stock worth $12,965,000 after acquiring an additional 217,590 shares during the period. Navellier & Associates Inc increased its stake in shares of ARBOR RLTY TR I/SH by 3.7% in the third quarter. Navellier & Associates Inc now owns 452,692 shares of the real estate investment trust’s stock worth $5,935,000 after acquiring an additional 15,987 shares during the period. Finally, Invesco Ltd. increased its stake in shares of ARBOR RLTY TR I/SH by 0.9% in the second quarter. Invesco Ltd. now owns 399,112 shares of the real estate investment trust’s stock worth $4,837,000 after acquiring an additional 3,437 shares during the period. Institutional investors and hedge funds own 37.86% of the company’s stock.

ARBOR RLTY TR I/SH Company Profile

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The company operates in two segments, Structured Business and Agency Business. It primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.

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