Arbor Realty Trust (NYSE:ABR) Downgraded by Zacks Research to “Strong Sell”

Zacks Research downgraded shares of Arbor Realty Trust (NYSE:ABR) from a hold rating to a strong sell rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods lowered their target price on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a research note on Tuesday, May 12th. JPMorgan Chase & Co. raised 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 report on Friday. Piper Sandler reduced their target price on shares of Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating on the stock in a research note on Thursday, July 2nd. Wall Street Zen lowered shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, Citizens Jmp dropped their price objective on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Arbor Realty Trust presently has a consensus rating of “Reduce” and an average target price of $6.50.

Arbor Realty Trust Price Performance

NYSE:ABR opened at $5.17 on Thursday. The company has a debt-to-equity ratio of 2.71, a current ratio of 428.41 and a quick ratio of 428.41. The company has a fifty day moving average price of $5.37 and a 200 day moving average price of $6.95. Arbor Realty Trust has a one year low of $4.86 and a one year high of $12.57. The stock has a market cap of $993.54 million, a P/E ratio of 13.24 and a beta of 1.15.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The firm 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%. Analysts anticipate that Arbor Realty Trust will post 0.32 earnings per share for the current year.

Arbor Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.17 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.2%. Arbor Realty Trust’s payout ratio is presently 174.36%.

Insiders Place Their Bets

In other Arbor Realty Trust news, insider David Erwin Friedman sold 7,685 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $6.87, for a total transaction of $52,795.95. Following the transaction, the insider directly owned 59,638 shares in the company, valued at approximately $409,713.06. This represents a 11.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in ABR. Bessemer Group Inc. bought a new position in Arbor Realty Trust during the first quarter worth about $29,000. Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 1,175 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Arbor Realty Trust in the fourth quarter worth $39,000. Garton & Associates Financial Advisors LLC acquired a new stake in Arbor Realty Trust during the 4th quarter worth $42,000. Finally, Quantbot Technologies LP bought a new position in Arbor Realty Trust during the second quarter worth about $46,000. 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.