Arbor Realty Trust (NYSE:ABR) Receives Consensus Rating of “Reduce” from Analysts

Shares of Arbor Realty Trust (NYSE:ABR) have earned a consensus rating of “Reduce” from the six analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $8.00.

ABR has been the subject of several research reports. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods dropped their target price on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Arbor Realty Trust in a research report on Friday, May 22nd. Wall Street Zen downgraded Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Finally, Citizens Jmp dropped their target price on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research report on Thursday, May 14th.

Arbor Realty Trust Stock Down 0.3%

Shares of NYSE:ABR opened at $5.20 on Wednesday. The business has a 50-day moving average price of $6.71 and a 200 day moving average price of $7.55. The company has a current ratio of 428.41, a quick ratio of 428.41 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $999.31 million, a price-to-earnings ratio of 13.32 and a beta of 1.14. Arbor Realty Trust has a 12-month low of $5.10 and a 12-month high of $12.57.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The business had revenue of $119.67 million for the quarter, compared to analyst estimates of $109.86 million. Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%. Sell-side analysts expect that Arbor Realty Trust will post 0.38 EPS for the current year.

Arbor Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend was Friday, May 22nd. Arbor Realty Trust’s payout ratio is currently 174.36%.

Insiders Place Their Bets

In other news, insider David Erwin Friedman bought 8,840 shares of the company’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $6.84 per share, with a total value of $60,465.60. Following the transaction, the insider directly owned 68,478 shares in the company, valued at $468,389.52. The trade was a 14.82% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its holdings in 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 valued at $29,000 after acquiring an additional 1,175 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Arbor Realty Trust by 33.4% in the second quarter. Geneos Wealth Management Inc. now owns 5,092 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,276 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Arbor Realty Trust by 3.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 44,752 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 1,400 shares in the last quarter. NFSG Corp raised its holdings in Arbor Realty Trust by 10.0% in the first quarter. NFSG Corp now owns 17,025 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 1,553 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Arbor Realty Trust by 2.8% in the third quarter. Arizona State Retirement System now owns 56,862 shares of the real estate investment trust’s stock valued at $694,000 after acquiring an additional 1,557 shares in the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

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.