Arbor Realty Trust (NYSE:ABR – Get Free Report) has been given an average rating of “Reduce” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $8.00.
A number of research firms recently issued reports on ABR. Citizens Jmp dropped their target price on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research report on Thursday, May 14th. Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Arbor Realty Trust in a research report on Friday, May 22nd. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a research report on Tuesday, May 12th.
Read Our Latest Analysis on Arbor Realty Trust
Arbor Realty Trust Stock Down 0.4%
Arbor Realty Trust (NYSE:ABR – Get Free Report) last posted its earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The business had revenue of $119.67 million for the quarter, compared to analyst estimates of $109.86 million. Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%. Sell-side analysts expect that Arbor Realty Trust will post 0.38 earnings per share for the current year.
Arbor Realty Trust Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.68 annualized dividend and a yield of 13.2%. Arbor Realty Trust’s dividend payout ratio (DPR) is 174.36%.
Insider Transactions at Arbor Realty Trust
In other Arbor Realty Trust news, insider David Erwin Friedman sold 7,685 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $6.87, for a total value of $52,795.95. Following the completion of the sale, the insider owned 59,638 shares of the company’s stock, valued at $409,713.06. This trade represents a 11.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is owned by company insiders.
Institutional Trading of Arbor Realty Trust
Several large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of Arbor Realty Trust by 3.5% during the 1st quarter. Royal Bank of Canada now owns 132,181 shares of the real estate investment trust’s stock valued at $1,553,000 after buying an additional 4,470 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Arbor Realty Trust by 25,163.2% during the 1st quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 4,781 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Arbor Realty Trust during the 1st quarter valued at approximately $145,000. Focus Partners Wealth purchased a new position in shares of Arbor Realty Trust during the 1st quarter valued at approximately $161,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Arbor Realty Trust by 61.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,705 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,782 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.
Arbor Realty Trust Company Profile
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.
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