Arbor Realty Trust (NYSE:ABR – Get Free Report) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.
Other equities research analysts have also recently issued reports about the stock. Weiss Ratings cut shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and cut their price objective for the company from $7.00 to $5.50 in a research report on Friday, July 17th. Piper Sandler reduced their price objective on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating on the stock in a research note on Monday, August 3rd. 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 research report on Monday, August 3rd. Finally, Citizens Jmp reduced their price target on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Arbor Realty Trust has an average rating of “Reduce” and an average target price of $6.00.
View Our Latest Stock Report on Arbor Realty Trust
Arbor Realty Trust Stock Performance
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, beating analysts’ consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%.The business had revenue of $117.83 million for the quarter, compared to analyst estimates of $107.75 million. As a group, analysts predict that Arbor Realty Trust will post 0.29 earnings per share for the current fiscal year.
Insider Activity at Arbor Realty Trust
In other news, Director William C. Green acquired 25,951 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was acquired at an average cost of $5.07 per share, for a total transaction of $131,571.57. Following the acquisition, the director directly owned 231,369 shares in the company, valued at approximately $1,173,040.83. This represents a 12.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Arbor Realty Trust
A number of institutional investors have recently added to or reduced their stakes in ABR. Deutsche Bank AG purchased a new position in shares of Arbor Realty Trust in the 2nd quarter worth about $1,122,000. UBS Group AG grew its holdings in shares of Arbor Realty Trust by 111.4% during the 4th quarter. UBS Group AG now owns 1,045,564 shares of the real estate investment trust’s stock worth $8,114,000 after purchasing an additional 550,875 shares during the period. First Trust Advisors LP increased its position in Arbor Realty Trust by 124.9% during the 1st quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust’s stock worth $4,246,000 after purchasing an additional 305,844 shares in the last quarter. BlackRock Inc. acquired a new stake in Arbor Realty Trust during the 2nd quarter worth approximately $143,448,000. Finally, Odyssean LLC increased its position in Arbor Realty Trust by 227.4% during the 2nd quarter. Odyssean LLC now owns 570,598 shares of the real estate investment trust’s stock worth $3,093,000 after purchasing an additional 396,292 shares in the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.
About Arbor Realty Trust
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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