Arbor Realty Trust (NYSE:ABR) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Arbor Realty Trust (NYSE:ABR) from a hold rating to a strong sell rating in a report published on Monday morning,Zacks.com reports.

Several other research firms have also weighed in on ABR. JPMorgan Chase & Co. lowered their price objective on shares of 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. Weiss Ratings upgraded shares of Arbor Realty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Piper Sandler dropped their price objective on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Monday, December 22nd. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Finally, Keefe, Bruyette & Woods decreased their target price on Arbor Realty Trust from $8.50 to $7.50 and set an “underperform” rating for the company in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $9.38.

Arbor Realty Trust Stock Up 4.3%

Shares of NYSE:ABR opened at $8.08 on Monday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.11 and a beta of 1.39. 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 business’s 50-day moving average is $8.46 and its 200-day moving average is $10.50. Arbor Realty Trust has a 1 year low of $7.58 and a 1 year high of $14.33.

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

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 14.8%. The ex-dividend date was Friday, November 14th. Arbor Realty Trust’s dividend payout ratio is currently 150.00%.

Insiders Place Their Bets

In related news, CEO Ivan Kaufman purchased 29,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was acquired at an average price of $8.34 per share, for a total transaction of $241,860.00. Following the purchase, the chief executive officer owned 54,000 shares of the company’s stock, valued at approximately $450,360. This trade represents a 116.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Arbor Realty Trust by 3.5% in the 1st quarter. Royal Bank of Canada now owns 132,181 shares of the real estate investment trust’s stock valued at $1,553,000 after buying an additional 4,470 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Arbor Realty Trust by 25,163.2% in the first quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 4,781 shares in the last quarter. United Services Automobile Association bought a new position in shares of Arbor Realty Trust in the first quarter valued at approximately $145,000. Focus Partners Wealth purchased a new stake in shares of Arbor Realty Trust during the first quarter valued at approximately $161,000. Finally, Strs Ohio bought a new stake in Arbor Realty Trust during the first quarter worth $404,000. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

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.