Arbor Realty Trust (NYSE:ABR) Raised to “Hold” at Wall Street Zen

Arbor Realty Trust (NYSE:ABR) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other brokerages have also recently weighed in on ABR. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Piper Sandler boosted their price objective on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company an “underweight” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Arbor Realty Trust in a research note on Tuesday, October 14th. JMP Securities reduced their price target on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 19th. Finally, Keefe, Bruyette & Woods increased their price objective on Arbor Realty Trust from $11.50 to $12.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Arbor Realty Trust presently has a consensus rating of “Reduce” and an average price target of $11.63.

Arbor Realty Trust Trading Down 2.1%

NYSE:ABR opened at $11.63 on Friday. Arbor Realty Trust has a 1 year low of $8.43 and a 1 year high of $15.76. The stock’s fifty day moving average price is $11.86 and its two-hundred day moving average price is $11.14. The company has a debt-to-equity ratio of 2.06, a current ratio of 38.37 and a quick ratio of 38.37. The company has a market cap of $2.24 billion, a P/E ratio of 12.77 and a beta of 1.37.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in Arbor Realty Trust by 223.0% in the first quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 2,308 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Arbor Realty Trust by 5.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 499,202 shares of the real estate investment trust’s stock worth $5,866,000 after purchasing an additional 27,153 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Arbor Realty Trust in the 1st quarter worth about $250,000. Sunbelt Securities Inc. increased its position in shares of Arbor Realty Trust by 18.5% during the 1st quarter. Sunbelt Securities Inc. now owns 47,474 shares of the real estate investment trust’s stock valued at $558,000 after purchasing an additional 7,420 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of Arbor Realty Trust during the 1st quarter valued at about $31,000. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

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.