Arbor Realty Trust (NYSE:ABR) Given New $7.50 Price Target at Keefe, Bruyette & Woods

Arbor Realty Trust (NYSE:ABR) had its price target cut by Keefe, Bruyette & Woods from $8.50 to $7.50 in a research report released on Thursday,Benzinga reports. They currently have an underperform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also issued reports on the company. Piper Sandler cut their price target on Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, December 22nd. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Wall Street Zen downgraded Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Arbor Realty Trust in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. dropped their price target on Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust currently has an average rating of “Reduce” and an average price target of $9.38.

Arbor Realty Trust Price Performance

NYSE ABR opened at $7.81 on Thursday. Arbor Realty Trust has a 12 month low of $7.58 and a 12 month high of $14.33. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 9.76 and a beta of 1.39. The company’s 50 day moving average is $8.61 and its two-hundred day moving average is $10.57. The company has a current ratio of 287.79, a quick ratio of 287.79 and a debt-to-equity ratio of 2.51.

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

Arbor Realty Trust Announces Dividend

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

Insider Activity 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 stock was purchased at an average cost of $8.34 per share, for a total transaction of $241,860.00. Following the transaction, the chief executive officer owned 54,000 shares of the company’s stock, valued at $450,360. The trade was a 116.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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 modified their holdings of ABR. Atlantic Union Bankshares Corp purchased a new stake in Arbor Realty Trust during the 2nd quarter valued at $27,000. HM Payson & Co. bought a new position in Arbor Realty Trust during the third quarter valued at $31,000. Allworth Financial LP raised its stake 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 acquiring an additional 1,130 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Arbor Realty Trust by 73.5% in 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 during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Arbor Realty Trust in the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

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.