Arbor Realty Trust (NYSE:ABR) Stock Gets Price Target Trim from Keefe, Bruyette & Woods

Arbor Realty Trust (NYSE:ABR) had its price target trimmed by Keefe, Bruyette & Woods from $5.00 to $3.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an underperform rating on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Piper Sandler dropped their target price on shares of Arbor Realty Trust from $5.00 to $3.50 and set an “underweight” rating for the company in a research report on Friday. Citizens Jmp restated a “market perform” rating on shares of Arbor Realty Trust in a research note on Tuesday, September 29th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and reduced their price target for the stock from $7.00 to $5.50 in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $5.12.

Arbor Realty Trust Stock Down 0.2%

ABR stock opened at $2.87 on Friday. Arbor Realty Trust has a twelve month low of $2.78 and a twelve month high of $12.18. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33. The company has a market capitalization of $534.49 million, a P/E ratio of 40.93 and a beta of 1.22. The firm has a 50 day simple moving average of $4.65 and a 200-day simple moving average of $5.63.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $117.83 million during the quarter, compared to analyst estimates of $107.75 million. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. On average, equities research analysts predict that Arbor Realty Trust will post 0.23 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 23.7%. The ex-dividend date was Friday, August 14th. Arbor Realty Trust’s payout ratio is 971.43%.

Insider Buying and Selling at Arbor Realty Trust

In other news, Director William Green purchased 25,951 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average cost of $5.07 per share, with a total value of $131,571.57. Following the transaction, the director owned 231,369 shares in the company, valued at approximately $1,173,040.83. The trade was a 12.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

Several large investors have recently added to or reduced their stakes in ABR. Legal & General Group Plc acquired a new position in Arbor Realty Trust in the second quarter valued at approximately $2,326,000. Bank of America Corp DE acquired a new stake in shares of Arbor Realty Trust during the 2nd quarter worth approximately $1,892,000. Deutsche Bank AG acquired a new stake in shares of Arbor Realty Trust during the 2nd quarter worth approximately $1,122,000. BlackRock Inc. acquired a new stake in shares of Arbor Realty Trust during the 2nd quarter worth approximately $143,448,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Arbor Realty Trust in the 2nd quarter worth approximately $7,702,000. 57.25% of the stock is currently owned by institutional investors.

About Arbor Realty Trust

Arbor Realty Trust, Inc is a real estate investment trust that provides financing for multifamily and other commercial real estate properties. The company originates, acquires, and invests in a range of structured finance products, including bridge loans, mezzanine loans, preferred equity investments, and other real estate-related debt investments.

Through its lending platforms and subsidiaries, Arbor Realty Trust also provides agency lending services for multifamily properties. These activities include originating and servicing loans through programs associated with Fannie Mae, Freddie Mac, and the U.S.