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

Shares of Arbor Realty Trust (NYSE:ABR) have been assigned an average rating of “Reduce” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $6.00.

Several research firms recently weighed in on ABR. Zacks Research cut shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Piper Sandler decreased their price objective on Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating on the stock in a report on Monday. JPMorgan Chase & Co. upgraded Arbor Realty Trust from an “underweight” rating to a “neutral” rating and cut their target price for the company from $7.00 to $5.50 in a research note on Friday, July 17th. Keefe, Bruyette & Woods decreased their price target on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating on the stock in a research note on Monday. Finally, Weiss Ratings lowered shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th.

Arbor Realty Trust Stock Down 1.1%

ABR opened at $5.17 on Thursday. Arbor Realty Trust has a 1-year low of $4.73 and a 1-year high of $12.57. The company has a current ratio of 478.85, a quick ratio of 428.41 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of $963.58 million, a price-to-earnings ratio of 73.79 and a beta of 1.15. The business has a 50 day moving average of $5.17 and a 200-day moving average of $6.69.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. The firm had revenue of $117.83 million during the quarter, compared to analysts’ expectations of $107.75 million. As a group, sell-side analysts anticipate that Arbor Realty Trust will post 0.25 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a yield of 13.2%. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 971.43%.

Insiders Place Their Bets

In other news, insider David Erwin Friedman sold 7,685 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $6.87, for a total value of $52,795.95. Following the sale, 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 link. Insiders own 4.20% of the company’s stock.

Institutional Trading of Arbor Realty Trust

A number of large investors have recently bought and sold shares of the stock. Allied Private Wealth LLC acquired a new position in Arbor Realty Trust during the second quarter worth $62,000. Bank of America Corp DE grew its holdings in shares of Arbor Realty Trust by 13.6% in the 1st quarter. Bank of America Corp DE now owns 486,195 shares of the real estate investment trust’s stock worth $3,749,000 after purchasing an additional 58,372 shares during the last quarter. Strait & Sound Wealth Management LLC acquired a new stake in shares of Arbor Realty Trust during the 1st quarter worth about $1,382,000. Sunbelt Securities Inc. lifted its holdings in Arbor Realty Trust by 24.6% during the 1st quarter. Sunbelt Securities Inc. now owns 228,930 shares of the real estate investment trust’s stock valued at $1,765,000 after purchasing an additional 45,166 shares during the last quarter. Finally, Amundi acquired a new position in Arbor Realty Trust in the first quarter valued at about $78,000. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Company Profile

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.