Arbor Realty Trust (NYSE:ABR) Stock Has Consensus Target Price of $5.12 According to Brokerages

Shares of Arbor Realty Trust (NYSE:ABR – Get Free Report) have received an average rating of “Reduce” from the six brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $5.12.

Several research analysts recently commented on the company. Citizens Jmp reaffirmed a “market perform” rating on shares of Arbor Realty Trust in a research report on Tuesday, September 29th. Weiss Ratings lowered shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Piper Sandler dropped their price objective on shares of Arbor Realty Trust from $5.00 to $3.50 and set an “underweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $5.50 in a research note on Friday, July 17th. Finally, Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st.

Get Our Latest Stock Analysis on Arbor Realty Trust

Arbor Realty Trust Stock Performance

Shares of ABR stock traded up $0.04 during mid-day trading on Tuesday, reaching $2.88. The stock had a trading volume of 1,978,560 shares, compared to its average volume of 4,321,911. The firm’s 50 day simple moving average is $4.61 and its 200 day simple moving average is $5.60. The company has a quick ratio of 478.85, a current ratio of 478.85 and a debt-to-equity ratio of 2.33. Arbor Realty Trust has a one year low of $2.77 and a one year high of $12.18. The firm has a market cap of $536.36 million, a PE ratio of 41.07 and a beta of 1.22.

Arbor Realty Trust (NYSE:ABR – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The company 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, analysts forecast that Arbor Realty Trust will post 0.23 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 23.7%. 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 at Arbor Realty Trust

In other Arbor Realty Trust news, Director William Green bought 25,951 shares of Arbor Realty Trust stock in a transaction dated Monday, August 31st. The shares were acquired at an average cost of $5.07 per share, with a total value of $131,571.57. Following the acquisition, the director directly owned 231,369 shares of the company’s stock, valued at $1,173,040.83. The trade was a 12.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Several institutional investors have recently bought and sold shares of ABR. Bessemer Group Inc. bought a new stake in shares of Arbor Realty Trust during the first quarter worth $29,000. NorthCrest Asset Manangement LLC acquired a new stake in shares of Arbor Realty Trust in the third quarter valued at $47,000. Public Employees Retirement System of Ohio bought a new position in shares of Arbor Realty Trust in the second quarter valued at about $49,000. North Star Investment Management Corp. bought a new position in shares of Arbor Realty Trust in the first quarter valued at about $54,000. Finally, Gables Capital Management Inc. bought a new position in shares of Arbor Realty Trust in the second quarter valued at about $59,000. Institutional investors own 57.25% of the company’s stock.

About Arbor Realty Trust

(Get Free Report)

Arbor Realty Trust, Inc is a real estate investment trust that provides financing for multifamily and other commercial real estate properties. The company originates, acquires, and invests in a range of structured finance products, including bridge loans, mezzanine loans, preferred equity investments, and other real estate-related debt investments.

Through its lending platforms and subsidiaries, Arbor Realty Trust also provides agency lending services for multifamily properties. These activities include originating and servicing loans through programs associated with Fannie Mae, Freddie Mac, and the U.S.

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Analyst Recommendations for Arbor Realty Trust (NYSE:ABR)

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