Arbor Realty Trust (NYSE:ABR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Arbor Realty Trust (NYSE:ABR) from a sell rating to a hold rating in a research note published on Saturday.

Several other brokerages have also issued reports on ABR. Keefe, Bruyette & Woods lifted their price objective on shares of Arbor Realty Trust from $11.50 to $12.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. JMP Securities lowered their target price on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 19th. Weiss Ratings restated a “hold (c)” rating on shares of Arbor Realty Trust in a research note on Tuesday, October 14th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Piper Sandler raised their target price 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. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $12.00.

Arbor Realty Trust Stock Performance

Shares of ABR stock opened at $11.89 on Friday. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 13.06 and a beta of 1.37. The company’s 50 day moving average is $11.86 and its 200 day moving average is $11.14. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. Arbor Realty Trust has a 52-week low of $8.43 and a 52-week high of $15.76.

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

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.1%. The ex-dividend date was Friday, August 15th. Arbor Realty Trust’s payout ratio is presently 131.87%.

Institutional Investors Weigh In On Arbor Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in ABR. GAMMA Investing LLC lifted its stake in shares of Arbor Realty Trust by 223.0% during the first quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 2,308 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of 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 buying an additional 27,153 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Arbor Realty Trust during the first quarter worth $250,000. Sunbelt Securities Inc. lifted its stake in shares of Arbor Realty Trust by 18.5% during the first quarter. Sunbelt Securities Inc. now owns 47,474 shares of the real estate investment trust’s stock worth $558,000 after buying an additional 7,420 shares during the period. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of Arbor Realty Trust during the first quarter worth $31,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

About Arbor Realty Trust

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.