Arbor Realty Trust (NYSE:ABR) Given New $13.00 Price Target at JMP Securities

Arbor Realty Trust (NYSE:ABR) had its price objective trimmed by JMP Securities from $13.50 to $13.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has a market outperform rating on the real estate investment trust’s stock.

A number of other brokerages have also issued reports on ABR. JPMorgan Chase & Co. decreased their target price on shares of Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating for the company in a research report on Monday, May 5th. Keefe, Bruyette & Woods increased their target price on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company a “market perform” rating in a research report on Tuesday, August 5th. Finally, Zacks Research lowered shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $12.63.

Arbor Realty Trust Stock Performance

Shares of ABR opened at $11.4950 on Tuesday. The firm has a 50-day moving average price of $11.17 and a 200 day moving average price of $11.37. The firm has a market capitalization of $2.21 billion, a PE ratio of 12.63 and a beta of 1.37. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. Arbor Realty Trust has a 52-week low of $8.43 and a 52-week high of $15.94.

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

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 10.4%. Arbor Realty Trust’s dividend payout ratio is currently 131.87%.

Insider Buying and Selling

In other news, CEO Ivan Kaufman acquired 60,000 shares of Arbor Realty Trust stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of $8.70 per share, with a total value of $522,000.00. Following the completion of the purchase, the chief executive officer owned 1,989,816 shares of the company’s stock, valued at $17,311,399.20. This represents a 3.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Arbor Realty Trust

A number of hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its stake in Arbor Realty Trust by 33.4% during the second quarter. Geneos Wealth Management Inc. now owns 5,092 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,276 shares in the last quarter. Kestra Investment Management LLC lifted its stake in Arbor Realty Trust by 38.4% during the second quarter. Kestra Investment Management LLC now owns 225,123 shares of the real estate investment trust’s stock valued at $2,409,000 after buying an additional 62,462 shares in the last quarter. Caxton Associates LLP lifted its position in shares of Arbor Realty Trust by 66.8% in the second quarter. Caxton Associates LLP now owns 135,449 shares of the real estate investment trust’s stock worth $1,449,000 after purchasing an additional 54,227 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Arbor Realty Trust by 9.5% in the second quarter. Public Sector Pension Investment Board now owns 655,058 shares of the real estate investment trust’s stock worth $7,009,000 after purchasing an additional 56,948 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Arbor Realty Trust by 31.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 209,516 shares of the real estate investment trust’s stock worth $2,244,000 after purchasing an additional 49,832 shares in the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

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.