Arbor Realty Trust (NYSE:ABR) Given New $8.00 Price Target at Piper Sandler

Arbor Realty Trust (NYSE:ABR) had its target price trimmed by Piper Sandler from $10.00 to $8.00 in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The firm currently has an underweight rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price objective on Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday, December 4th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $8.50 target price (down from $11.00) on shares of Arbor Realty Trust in a research report on Monday, December 15th. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Arbor Realty Trust in a research report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $9.63.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $7.80 on Monday. The company’s fifty day moving average is $9.62 and its two-hundred day moving average is $10.80. Arbor Realty Trust has a 52-week low of $7.72 and a 52-week high of $14.33. The company has a debt-to-equity ratio of 2.51, a current ratio of 287.79 and a quick ratio of 287.79. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 9.75 and a beta of 1.38.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. Arbor Realty Trust had a net margin of 20.07% and a return on equity of 11.63%. The business had revenue of $162.49 million during the quarter, compared to analyst estimates of $72.26 million. Equities research analysts forecast that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 15.4%. The ex-dividend date was Friday, November 14th. Arbor Realty Trust’s payout ratio is currently 150.00%.

Insider Buying and Selling at Arbor Realty Trust

In other news, CEO Ivan Kaufman bought 29,000 shares of the stock in a transaction dated Monday, November 17th. The shares were acquired at an average price of $8.34 per share, with a total value of $241,860.00. Following the acquisition, the chief executive officer owned 54,000 shares in the company, valued at $450,360. This trade represents a 116.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABR. Advisors Asset Management Inc. increased its holdings in shares of Arbor Realty Trust by 72.1% in the second quarter. Advisors Asset Management Inc. now owns 564,323 shares of the real estate investment trust’s stock valued at $6,038,000 after purchasing an additional 236,514 shares in the last quarter. Geode Capital Management LLC boosted its position in Arbor Realty Trust by 3.0% in the 2nd 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 buying an additional 131,747 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Arbor Realty Trust by 37.8% in the 2nd quarter. Penserra Capital Management LLC now owns 130,887 shares of the real estate investment trust’s stock valued at $1,400,000 after buying an additional 35,918 shares during the period. Norges Bank bought a new stake in shares of Arbor Realty Trust during the second quarter worth $1,725,000. Finally, Marshall Wace LLP bought a new stake in shares of Arbor Realty Trust during the second quarter worth $26,358,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

About Arbor Realty Trust

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.