Arbor Realty Trust’s (ABR) “Hold (C)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Arbor Realty Trust (NYSE:ABR) in a research note published on Tuesday morning,Weiss Ratings reports.

A number of other research analysts have also recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of Arbor Realty Trust from $11.50 to $12.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. JMP Securities reduced their price objective on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 19th. Finally, Piper Sandler raised their price objective on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Arbor Realty Trust currently has an average rating of “Reduce” and a consensus target price of $11.63.

Arbor Realty Trust Trading Up 1.6%

Shares of Arbor Realty Trust stock opened at $11.81 on Tuesday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 12.97 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 12-month low of $8.43 and a 12-month high of $15.76. The firm’s 50-day moving average price is $11.85 and its two-hundred day moving average price is $11.14.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, August 1st. The real estate investment trust reported $0.24 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 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.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date was Friday, August 15th. Arbor Realty Trust’s payout ratio is presently 131.87%.

Institutional Investors Weigh In On Arbor Realty Trust

A number of hedge funds have recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC bought a new stake in shares of Arbor Realty Trust during the 2nd quarter worth $447,944,000. State Street Corp raised its stake in shares of Arbor Realty Trust by 0.7% during the 2nd quarter. State Street Corp now owns 7,337,449 shares of the real estate investment trust’s stock worth $78,511,000 after purchasing an additional 54,482 shares during the period. Geode Capital Management LLC raised its stake in shares of Arbor Realty Trust by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 4,557,182 shares of the real estate investment trust’s stock worth $48,769,000 after purchasing an additional 131,747 shares during the period. Wasatch Advisors LP raised its stake in shares of Arbor Realty Trust by 6.2% during the 2nd quarter. Wasatch Advisors LP now owns 3,402,838 shares of the real estate investment trust’s stock worth $36,410,000 after purchasing an additional 197,948 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Arbor Realty Trust by 2.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,549,107 shares of the real estate investment trust’s stock worth $29,952,000 after purchasing an additional 56,002 shares during the period. 57.25% of the stock is currently owned by 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.