Citizens Jmp reiterated their market perform rating on shares of Arbor Realty Trust (NYSE:ABR – Free Report) in a report issued on Tuesday, MarketBeat Ratings reports.
Several other analysts have also issued reports on ABR. Piper Sandler reduced their target price on Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating on the stock in a report on Monday, August 3rd. JPMorgan Chase & Co. raised Arbor Realty Trust from an “underweight” rating to a “neutral” rating and dropped their price target for the company from $7.00 to $5.50 in a research note on Friday, July 17th. Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Weiss Ratings downgraded shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating on the stock in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $6.00.
View Our Latest Report on Arbor Realty Trust
Arbor Realty Trust Trading Down 4.0%
Arbor Realty Trust (NYSE:ABR – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The firm had revenue of $117.83 million for the quarter, compared to analyst estimates of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. On average, research analysts anticipate that Arbor Realty Trust will post 0.23 EPS for the current fiscal year.
Arbor Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 18.4%. The ex-dividend date of this dividend was Friday, August 14th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 971.43%.
Insider Activity
In other Arbor Realty Trust news, Director William Green purchased 25,951 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were bought at an average price of $5.07 per share, for a total transaction of $131,571.57. Following the purchase, the director owned 231,369 shares in the company, valued at approximately $1,173,040.83. This trade represents a 12.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.20% of the company’s stock.
Institutional Trading of Arbor Realty Trust
Several large investors have recently bought and sold shares of the business. Amundi raised its stake in Arbor Realty Trust by 225.7% during the second quarter. Amundi now owns 32,825 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 22,748 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Arbor Realty Trust in the second quarter worth about $60,000. Two Sigma Securities LLC acquired a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at approximately $138,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at approximately $280,000. Finally, Strait & Sound Wealth Management LLC bought a new stake in shares of Arbor Realty Trust during the 2nd quarter valued at approximately $71,000. 57.25% of the stock is owned by institutional investors and hedge funds.
Arbor Realty Trust Company Profile
Arbor Realty Trust, Inc is a real estate investment trust that specializes in financing and investing in commercial real estate. The company focuses primarily on the multifamily housing sector, providing capital to property owners, operators and developers through a range of lending and investment programs.
Its business activities include originating bridge and structured loans, acquiring or investing in mortgage-related assets, and providing mezzanine loans and preferred equity investments.
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