Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Arbor Realty Trust (NYSE:ABR) Stock

Arbor Realty Trust (NYSE:ABR) had its target price increased by stock analysts at Keefe, Bruyette & Woods from $11.00 to $11.50 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential downside of 1.50% from the company’s current price.

Separately, JPMorgan Chase & Co. lowered their target price on Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating for the company in a report on Monday, May 5th.

Arbor Realty Trust Stock Down 1.0%

Arbor Realty Trust stock opened at $11.68 on Tuesday. The business has a fifty day moving average of $10.84 and a two-hundred day moving average of $11.49. The company has a quick ratio of 36.48, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. The firm has a market cap of $2.25 billion, a P/E ratio of 12.83 and a beta of 1.37. Arbor Realty Trust has a twelve month low of $8.43 and a twelve month high of $15.94.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The company had revenue of $27.44 million for the quarter, compared to analysts’ expectations of $76.99 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. On average, analysts forecast that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, CEO Ivan Kaufman acquired 60,000 shares of the stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of $8.70 per share, with a total value of $522,000.00. Following the transaction, the chief executive officer directly owned 1,989,816 shares of the company’s stock, valued at $17,311,399.20. This trade represents a 3.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 210,000 shares of company stock valued at $1,942,000. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank raised its stake in Arbor Realty Trust by 1.8% in the 2nd quarter. Amalgamated Bank now owns 54,581 shares of the real estate investment trust’s stock worth $584,000 after acquiring an additional 962 shares during the last quarter. Covestor Ltd raised its stake in Arbor Realty Trust by 14.7% in the 1st quarter. Covestor Ltd now owns 8,965 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 1,146 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Arbor Realty Trust by 4.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 28,774 shares of the real estate investment trust’s stock worth $308,000 after acquiring an additional 1,201 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Arbor Realty Trust by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 19,266 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 1,223 shares during the last quarter. Finally, Monetary Management Group Inc. raised its stake in shares of Arbor Realty Trust by 25.0% during the 4th quarter. Monetary Management Group Inc. now owns 6,250 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 1,250 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

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.