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

Shares of Arbor Realty Trust (NYSE:ABR) have been given a consensus rating of “Reduce” by the seven research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $10.1250.

A number of equities research analysts have commented on the company. Wall Street Zen cut Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Piper Sandler set a $10.00 price target on shares of Arbor Realty Trust and gave the company an “underweight” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. decreased their target price on shares of Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday, December 4th. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Arbor Realty Trust in a research report on Monday.

Arbor Realty Trust Stock Performance

NYSE:ABR opened at $8.37 on Wednesday. The company has a quick ratio of 287.79, a current ratio of 287.79 and a debt-to-equity ratio of 2.51. Arbor Realty Trust has a twelve month low of $8.18 and a twelve month high of $14.52. The company has a fifty day moving average of $9.92 and a 200-day moving average of $10.85. The firm has a market capitalization of $1.64 billion, a P/E ratio of 10.46 and a beta of 1.38.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, October 31st. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.28 by $0.07. Arbor Realty Trust had a return on equity of 11.63% and a net margin of 20.07%.The company had revenue of $162.49 million during the quarter, compared to the consensus estimate of $72.26 million. As a group, sell-side analysts anticipate that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 14.3%. The ex-dividend date was Friday, November 14th. Arbor Realty Trust’s payout ratio is presently 150.00%.

Insiders Place Their Bets

In other news, CEO Ivan Kaufman bought 29,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was acquired at an average cost of $8.34 per share, with a total value of $241,860.00. Following the completion of the transaction, the chief executive officer directly owned 54,000 shares of the company’s stock, valued at $450,360. This represents a 116.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in shares of Arbor Realty Trust by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,549,107 shares of the real estate investment trust’s stock valued at $29,952,000 after purchasing an additional 56,002 shares during the period. Invesco Ltd. boosted its holdings in Arbor Realty Trust by 30.3% in the 1st quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust’s stock worth $25,827,000 after buying an additional 510,772 shares during the period. Nuveen LLC purchased a new position in Arbor Realty Trust in the 1st quarter valued at approximately $5,350,000. Raymond James Financial Inc. raised its holdings in Arbor Realty Trust by 7.5% during the 1st quarter. Raymond James Financial Inc. now owns 1,239,259 shares of the real estate investment trust’s stock valued at $14,561,000 after acquiring an additional 86,411 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Arbor Realty Trust during the first quarter worth $65,000. Institutional investors own 57.25% of the company’s stock.

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.