Arbor Realty Trust (NYSE:ABR) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Arbor Realty Trust (NYSE:ABR) from a hold rating to a strong sell rating in a research report report published on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on ABR. Weiss Ratings raised Arbor Realty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Piper Sandler dropped their price objective on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, December 22nd. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. JPMorgan Chase & Co. cut their target price on shares of Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday, December 4th. Finally, Keefe, Bruyette & Woods lowered their target price on Arbor Realty Trust from $8.50 to $7.50 and set an “underperform” rating for the company in a research note on Thursday, January 8th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Arbor Realty Trust has a consensus rating of “Reduce” and an average target price of $9.38.

Arbor Realty Trust Stock Up 0.6%

Shares of Arbor Realty Trust stock traded up $0.05 during trading hours on Monday, reaching $7.80. The company’s stock had a trading volume of 374,748 shares, compared to its average volume of 3,229,743. The company has a market capitalization of $1.53 billion, a P/E ratio of 9.74 and a beta of 1.39. The company has a debt-to-equity ratio of 2.51, a quick ratio of 287.79 and a current ratio of 287.79. Arbor Realty Trust has a one year low of $7.58 and a one year high of $14.33. The stock’s fifty day simple moving average is $8.49 and its two-hundred day simple moving average is $10.52.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, October 31st. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.28 by $0.07. Arbor Realty Trust had a return on equity of 11.63% and a net margin of 20.07%.The business had revenue of $162.49 million during the quarter, compared to the consensus estimate of $72.26 million. On average, research analysts forecast 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 Wednesday, November 26th. Investors of record on Friday, November 14th were given a $0.30 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 15.4%. Arbor Realty Trust’s dividend payout ratio is currently 150.00%.

Insider Activity at Arbor Realty Trust

In other Arbor Realty Trust news, CEO Ivan Kaufman purchased 29,000 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average cost of $8.34 per share, with a total value of $241,860.00. Following the completion of the transaction, the chief executive officer owned 54,000 shares in the company, valued at $450,360. The trade was a 116.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Atlantic Union Bankshares Corp bought a new position in Arbor Realty Trust in the 2nd quarter valued at about $27,000. Allworth Financial LP lifted its holdings in shares of Arbor Realty Trust by 77.8% in the second quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,130 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Arbor Realty Trust by 73.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,175 shares during the last quarter. HM Payson & Co. bought a new stake in shares of Arbor Realty Trust during the 3rd quarter worth $31,000. Finally, Ameritas Advisory Services LLC bought a new stake in Arbor Realty Trust in the 2nd quarter worth approximately $32,000. 57.25% of the stock is owned by institutional investors and hedge funds.

About Arbor Realty Trust

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.