Arbor Realty Trust (NYSE:ABR) Price Target Cut to $12.00 by Analysts at JPMorgan Chase & Co.

Arbor Realty Trust (NYSE:ABR) had its price objective trimmed by JPMorgan Chase & Co. from $12.50 to $12.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has an underweight rating on the real estate investment trust’s stock.

Several other research firms also recently issued reports on ABR. JMP Securities cut their price objective on Arbor Realty Trust from $19.00 to $17.00 and set a market outperform rating on the stock in a report on Thursday, February 1st. TheStreet upgraded Arbor Realty Trust from a d+ rating to a c rating in a report on Monday, March 18th. Wedbush reiterated an outperform rating and issued a $17.00 price objective on shares of Arbor Realty Trust in a report on Tuesday, February 20th. Finally, Keefe, Bruyette & Woods cut their price objective on Arbor Realty Trust from $14.50 to $13.50 and set a market perform rating on the stock in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $15.38.

Arbor Realty Trust Price Performance

ABR stock opened at $12.34 on Wednesday. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 3.21. The company has a market capitalization of $2.33 billion, a PE ratio of 7.01 and a beta of 1.97. Arbor Realty Trust has a 12-month low of $10.10 and a 12-month high of $17.74. The business’s fifty day moving average price is $12.93 and its 200 day moving average price is $13.62.

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 13.94%. Arbor Realty Trust’s payout ratio is currently 97.73%.

Insider Activity

In other Arbor Realty Trust news, Director William C. Green acquired 10,209 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were acquired at an average price of $12.93 per share, for a total transaction of $132,002.37. Following the acquisition, the director now owns 162,809 shares in the company, valued at approximately $2,105,120.37. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.40% of the company’s stock.

Institutional Trading of Arbor Realty Trust

A number of large investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its position in shares of Arbor Realty Trust by 1.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 49,627 shares of the real estate investment trust’s stock valued at $571,000 after purchasing an additional 747 shares during the period. Avior Wealth Management LLC boosted its position in shares of Arbor Realty Trust by 9.3% in the 4th quarter. Avior Wealth Management LLC now owns 8,939 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 761 shares during the period. Alpha Cubed Investments LLC boosted its position in shares of Arbor Realty Trust by 6.7% in the 4th quarter. Alpha Cubed Investments LLC now owns 13,184 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 825 shares during the period. Yousif Capital Management LLC boosted its position in shares of Arbor Realty Trust by 0.9% in the 4th quarter. Yousif Capital Management LLC now owns 93,220 shares of the real estate investment trust’s stock valued at $1,415,000 after purchasing an additional 845 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in Arbor Realty Trust by 2.6% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 33,563 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 847 shares during the period. 57.25% of the stock is owned by institutional investors and hedge funds.

About Arbor Realty Trust

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.