Arbor Realty Trust (NYSE:ABR) Price Target Lowered to $13.25 at Keefe, Bruyette & Woods

Arbor Realty Trust (NYSE:ABR) had its price objective cut by Keefe, Bruyette & Woods from $13.50 to $13.25 in a report released on Wednesday morning, Benzinga reports. They currently have a market perform rating on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on the stock. Wedbush reiterated an outperform rating and set a $17.00 price objective on shares of Arbor Realty Trust in a research report on Tuesday, February 20th. JMP Securities lowered their target price on shares of Arbor Realty Trust from $19.00 to $17.00 and set a market outperform rating for the company in a research note on Thursday, February 1st. JPMorgan Chase & Co. lowered their target price on shares of Arbor Realty Trust from $12.50 to $12.00 and set an underweight rating for the company in a research note on Wednesday. Finally, TheStreet raised shares of Arbor Realty Trust from a d+ rating to a c rating in a research note on Monday, March 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $15.38.

Arbor Realty Trust Trading Down 5.0 %

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

Arbor Realty Trust Dividend Announcement

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

Insider Buying and Selling

In other Arbor Realty Trust news, Director William C. Green acquired 10,209 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average cost of $12.93 per share, with a total value of $132,002.37. Following the completion of the purchase, the director now directly owns 162,809 shares in the company, valued at $2,105,120.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.40% of the stock is owned by insiders.

Institutional Trading of Arbor Realty Trust

Several hedge funds have recently modified their holdings of ABR. Financial Freedom LLC purchased a new stake in shares of Arbor Realty Trust during the fourth quarter valued at about $27,000. State of Wyoming purchased a new stake in shares of Arbor Realty Trust during the fourth quarter valued at about $27,000. Money Concepts Capital Corp purchased a new stake in shares of Arbor Realty Trust during the fourth quarter valued at about $32,000. Cape Investment Advisory Inc. lifted its position in shares of Arbor Realty Trust by 671.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 2,015 shares during the last quarter. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Arbor Realty Trust during the fourth quarter valued at about $35,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

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.