Arbor Realty Trust (NYSE:ABR) Given New $11.50 Price Target at JPMorgan Chase & Co.

Arbor Realty Trust (NYSE:ABR) had its price objective raised by JPMorgan Chase & Co. from $11.00 to $11.50 in a research note issued to investors on Monday,Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

A number of other research firms have also recently weighed in on ABR. Piper Sandler raised their price objective on Arbor Realty Trust from $11.00 to $11.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 8th. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Arbor Realty Trust in a research note on Tuesday, October 14th. JMP Securities decreased 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, Wall Street Zen upgraded shares of Arbor Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $12.00.

Arbor Realty Trust Stock Up 2.1%

Shares of Arbor Realty Trust stock opened at $11.89 on Monday. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. The company has a market cap of $2.29 billion, a P/E ratio of 13.06 and a beta of 1.37. The firm’s 50 day moving average price is $11.86 and its 200-day moving average price is $11.14. Arbor Realty Trust has a 52-week low of $8.43 and a 52-week high of $15.76.

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 firm had revenue of $27.44 million for the quarter, compared to analysts’ expectations 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 predict that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.30 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 10.1%. Arbor Realty Trust’s dividend payout ratio is currently 131.87%.

Institutional Trading of Arbor Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Arbor Realty Trust in the second quarter worth $447,944,000. State Street Corp boosted its holdings in Arbor Realty Trust by 0.7% in the second quarter. State Street Corp now owns 7,337,449 shares of the real estate investment trust’s stock valued at $78,511,000 after purchasing an additional 54,482 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Arbor Realty Trust by 3.0% in the second quarter. Geode Capital Management LLC now owns 4,557,182 shares of the real estate investment trust’s stock valued at $48,769,000 after purchasing an additional 131,747 shares during the last quarter. Wasatch Advisors LP grew its position in 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 valued at $29,952,000 after buying an additional 56,002 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

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.