Arbor Realty Trust (NYSE:ABR) Given Consensus Rating of “Reduce” by Brokerages

Arbor Realty Trust (NYSE:ABRGet Free Report) has received an average rating of “Reduce” from the six analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $7.3750.

A number of brokerages have commented on ABR. Citizens Jmp reduced 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 report on Thursday, May 14th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a 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. Keefe, Bruyette & Woods reduced 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 note on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th.

Check Out Our Latest Report on Arbor Realty Trust

Insider Buying and Selling at Arbor Realty Trust

In other news, insider David Erwin Friedman sold 7,685 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Arbor Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. acquired a new stake in Arbor Realty Trust in the 1st quarter worth approximately $29,000. Smartleaf Asset Management LLC raised its holdings in shares of Arbor Realty Trust by 73.5% in the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,175 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Arbor Realty Trust in the fourth quarter worth $39,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Arbor Realty Trust during the fourth quarter worth $42,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Arbor Realty Trust during the second quarter worth $46,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Stock Down 0.5%

NYSE ABR traded down $0.03 during midday trading on Friday, hitting $5.24. 5,481,493 shares of the company traded hands, compared to its average volume of 3,893,192. Arbor Realty Trust has a 52 week low of $4.99 and a 52 week high of $12.57. The company’s 50-day simple moving average is $5.95 and its 200-day simple moving average is $7.16. The company has a market cap of $1.01 billion, a PE ratio of 13.44 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a current ratio of 428.41 and a quick ratio of 428.41.

Arbor Realty Trust (NYSE:ABRGet Free Report) last issued its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%.The company had revenue of $119.67 million for the quarter, compared to analysts’ expectations of $109.86 million. As a group, equities research analysts forecast that Arbor Realty Trust will post 0.38 earnings per share for the current year.

Arbor Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 13.0%. The ex-dividend date was Friday, May 22nd. Arbor Realty Trust’s dividend payout ratio is currently 174.36%.

About Arbor Realty Trust

(Get Free Report)

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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