Arbor Realty Trust (NYSE:ABR) Upgraded to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust (NYSE:ABR) from an underweight rating to a neutral rating in a research report sent to investors on Friday morning, MarketBeat reports. JPMorgan Chase & Co. currently has $5.50 price objective on the real estate investment trust’s stock, down from their prior price objective of $7.00.

ABR has been the topic of several other research reports. Citizens Jmp reduced their price target on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a research report on Thursday, May 14th. Keefe, Bruyette & Woods decreased their price objective on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen downgraded Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Piper Sandler decreased their price target on shares of Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating for the company in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $6.50.

Arbor Realty Trust Trading Up 0.3%

Shares of Arbor Realty Trust stock opened at $5.17 on Friday. The firm has a market capitalization of $993.54 million, a price-to-earnings ratio of 13.24 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a quick ratio of 428.41 and a current ratio of 428.41. Arbor Realty Trust has a fifty-two week low of $4.86 and a fifty-two week high of $12.57. The stock has a 50 day moving average of $5.37 and a 200 day moving average of $6.95.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.09). The company had revenue of $119.67 million during the quarter, compared to analysts’ expectations of $109.86 million. Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. As a group, research analysts predict that Arbor Realty Trust will post 0.32 earnings per share for the current year.

Arbor Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend was Friday, May 22nd. Arbor Realty Trust’s payout ratio is presently 174.36%.

Insider Activity

In related news, insider David Erwin Friedman sold 7,685 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $6.87, for a total value of $52,795.95. Following the completion of the sale, the insider directly owned 59,638 shares of the company’s stock, valued at $409,713.06. This represents a 11.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Arbor Realty Trust

Several large investors have recently modified their holdings of the company. Allied Private Wealth LLC purchased a new stake in Arbor Realty Trust during the 2nd quarter valued at approximately $62,000. Bank of America Corp DE raised its stake in shares of Arbor Realty Trust by 13.6% during the first quarter. Bank of America Corp DE now owns 486,195 shares of the real estate investment trust’s stock worth $3,749,000 after purchasing an additional 58,372 shares during the last quarter. Strait & Sound Wealth Management LLC acquired a new stake in shares of Arbor Realty Trust during the first quarter worth $1,382,000. Sunbelt Securities Inc. lifted its holdings in shares of Arbor Realty Trust by 24.6% during the first quarter. Sunbelt Securities Inc. now owns 228,930 shares of the real estate investment trust’s stock worth $1,765,000 after purchasing an additional 45,166 shares during the period. Finally, Amundi purchased a new position in Arbor Realty Trust in the 1st quarter valued at $78,000. 57.25% of the stock is 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.