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

Zacks Research lowered shares of Arbor Realty Trust (NYSE:ABR) from a hold rating to a strong sell rating in a research note released on Wednesday,Zacks.com reports.

A number of other analysts also recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Thursday, December 4th. Piper Sandler reduced their target price on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, December 22nd. Weiss Ratings lowered shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods upped their price target on Arbor Realty Trust from $7.50 to $8.00 and gave the company an “underperform” rating in a report on Wednesday, March 4th. Finally, Wall Street Zen upgraded Arbor Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Sell” and an average target price of $9.50.

Arbor Realty Trust Stock Performance

NYSE:ABR opened at $7.38 on Wednesday. Arbor Realty Trust has a twelve month low of $7.11 and a twelve month high of $12.57. The company has a current ratio of 394.59, a quick ratio of 394.59 and a debt-to-equity ratio of 2.41. The company has a 50-day moving average of $7.78 and a 200-day moving average of $9.15. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 13.41 and a beta of 1.36.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 16.3%. The ex-dividend date was Tuesday, March 10th. Arbor Realty Trust’s dividend payout ratio is currently 218.18%.

Institutional Investors Weigh In On Arbor Realty Trust

Institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in shares of Arbor Realty Trust by 73.5% in the second 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. HM Payson & Co. acquired a new stake in Arbor Realty Trust during the third quarter valued at $31,000. Bayforest Capital Ltd acquired a new stake in Arbor Realty Trust during the fourth quarter valued at $39,000. Rothschild Investment LLC grew its stake in Arbor Realty Trust by 1,264.6% in the third quarter. Rothschild Investment LLC now owns 3,275 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 3,035 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new position in Arbor Realty Trust in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

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.