Arbor Realty Trust (NYSE:ABR) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Arbor Realty Trust (NYSE:ABR) from a hold rating to a sell rating in a report issued on Sunday.

A number of other equities analysts have also recently commented on ABR. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Piper Sandler lifted their price target on Arbor Realty Trust from $11.00 to $11.50 and gave the stock an “underweight” rating in a report on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Arbor Realty Trust in a report on Tuesday, October 14th. Keefe, Bruyette & Woods boosted their price objective on Arbor Realty Trust from $11.50 to $12.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Arbor Realty Trust from $11.00 to $11.50 and gave the stock an “underweight” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Arbor Realty Trust has a consensus rating of “Reduce” and a consensus target price of $12.00.

Arbor Realty Trust Stock Down 1.5%

NYSE:ABR opened at $11.76 on Friday. The firm has a market capitalization of $2.26 billion, a P/E ratio of 12.92 and a beta of 1.37. Arbor Realty Trust has a 12-month low of $8.43 and a 12-month high of $15.76. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. The stock’s fifty day simple moving average is $11.86 and its 200-day simple moving average is $11.19.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. The firm had revenue of $27.44 million during the quarter, compared to analyst estimates of $76.99 million. Equities research analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 10.2%. The ex-dividend date was Friday, August 15th. Arbor Realty Trust’s payout ratio is currently 131.87%.

Institutional Trading of Arbor Realty Trust

Several institutional investors have recently modified their holdings of ABR. Kingstone Capital Partners Texas LLC bought a new stake in Arbor Realty Trust during the second quarter valued at $447,944,000. Marshall Wace LLP bought a new stake in Arbor Realty Trust during the second quarter valued at $26,358,000. Balyasny Asset Management L.P. bought a new stake in Arbor Realty Trust during the second quarter valued at $21,534,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Arbor Realty Trust by 393.3% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 776,976 shares of the real estate investment trust’s stock valued at $9,129,000 after acquiring an additional 619,473 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Arbor Realty Trust by 30.3% during the first quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust’s stock valued at $25,827,000 after acquiring an additional 510,772 shares during the last quarter. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

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