Arbor Realty Trust (NYSE:ABR) Receives $11.50 Consensus Price Target from Brokerages

Shares of Arbor Realty Trust (NYSE:ABR) have earned a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.50.

ABR has been the subject of a number of recent analyst reports. 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arbor Realty Trust in a report on Saturday, September 27th. Zacks Research lowered shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 13th. Finally, JMP Securities decreased their price target on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 19th.

Arbor Realty Trust Stock Up 0.3%

ABR stock opened at $12.47 on Friday. The stock has a market cap of $2.40 billion, a PE ratio of 13.70 and a beta of 1.37. The firm’s 50-day simple moving average is $11.81 and its 200 day simple moving average is $11.15. Arbor Realty Trust has a fifty-two week low of $8.43 and a fifty-two week high of $15.76. 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 (NYSE:ABR) last announced its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. The firm had revenue of $27.44 million during the quarter, compared to analyst estimates of $76.99 million. As a group, sell-side analysts predict that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.30 per share. The ex-dividend date was Friday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 9.6%. Arbor Realty Trust’s dividend payout ratio (DPR) is 131.87%.

Institutional Trading of Arbor Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Atlantic Union Bankshares Corp acquired a new stake in Arbor Realty Trust during the second quarter valued at approximately $27,000. Allworth Financial LP increased its holdings in shares of Arbor Realty Trust by 77.8% in the second quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,130 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Arbor Realty Trust during the 1st quarter valued at $31,000. Smartleaf Asset Management LLC boosted its stake in shares of Arbor Realty Trust by 73.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,175 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Arbor Realty Trust in the 2nd quarter worth $32,000. 57.25% of the stock is currently owned by 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.