Arbor Realty Trust (NYSE:ABR) Given Neutral Rating at Wedbush

Arbor Realty Trust (NYSE:ABR)‘s stock had its “neutral” rating restated by research analysts at Wedbush in a note issued to investors on Monday, Benzinga reports. They presently have a $13.00 price objective on the real estate investment trust’s stock. Wedbush’s price target would suggest a potential downside of 3.42% from the company’s current price.

A number of other analysts have also weighed in on the stock. TheStreet raised shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. JPMorgan Chase & Co. cut their price target 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, April 10th. JMP Securities cut their price target 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. Finally, Keefe, Bruyette & Woods cut their price target on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.71.

Arbor Realty Trust Stock Performance

Arbor Realty Trust stock opened at $13.46 on Monday. The firm’s 50 day simple moving average is $12.86 and its 200 day simple moving average is $13.39. The company has a current ratio of 36.63, a quick ratio of 36.02 and a debt-to-equity ratio of 3.14. The firm has a market capitalization of $2.55 billion, a PE ratio of 8.36 and a beta of 1.96. Arbor Realty Trust has a 1-year low of $11.77 and a 1-year high of $17.74.

Insiders Place Their Bets

In related news, Director William C. Green acquired 10,209 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $12.93 per share, for a total transaction of $132,002.37. Following the acquisition, the director now owns 162,809 shares of the company’s stock, valued at $2,105,120.37. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Institutional investors have recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new stake in Arbor Realty Trust during the 1st quarter valued at about $27,000. ICA Group Wealth Management LLC purchased a new stake in shares of Arbor Realty Trust during the 4th quarter valued at about $35,000. Cape Investment Advisory Inc. boosted its holdings in shares of Arbor Realty Trust by 671.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 2,015 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Arbor Realty Trust by 322.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 1,791 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in shares of Arbor Realty Trust during the 4th quarter valued at about $38,000. 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.