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

Zacks Research cut shares of Arbor Realty Trust (NYSE:ABR) from a hold rating to a strong sell rating in a research note issued to investors on Thursday,Zacks.com reports.

ABR has been the subject of a number of other reports. Piper Sandler reduced their price objective on shares of Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating for the company in a research report on Thursday, July 2nd. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and cut their target price for the stock from $7.00 to $5.50 in a research note on Friday. Keefe, Bruyette & Woods reduced their target price on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a report on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Arbor Realty Trust in a research note on Friday, May 22nd. Finally, Citizens Jmp lowered 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 report on Thursday, May 14th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $6.50.

Arbor Realty Trust Trading Up 0.3%

Arbor Realty Trust stock opened at $5.17 on Thursday. The stock has a 50-day simple moving average of $5.37 and a 200 day simple moving average of $6.95. The stock has a market capitalization of $993.54 million, a P/E 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 52 week low of $4.86 and a 52 week high of $12.57.

Arbor Realty Trust (NYSE:ABR) last released 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 business had revenue of $119.67 million during the quarter, compared to the consensus estimate of $109.86 million. Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. Analysts expect that Arbor Realty Trust will post 0.32 earnings per share for the current year.

Arbor Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend was Friday, May 22nd. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 174.36%.

Insiders Place Their Bets

In other Arbor Realty Trust news, insider David Erwin Friedman sold 7,685 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $6.87, for a total value of $52,795.95. Following the completion of the sale, the insider owned 59,638 shares of the company’s stock, valued at $409,713.06. The trade was a 11.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arbor Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allied Private Wealth LLC acquired a new stake in Arbor Realty Trust during the second quarter worth approximately $62,000. Bank of America Corp DE raised its holdings in Arbor Realty Trust by 13.6% in the 1st quarter. Bank of America Corp DE now owns 486,195 shares of the real estate investment trust’s stock valued at $3,749,000 after acquiring an additional 58,372 shares in the last quarter. Strait & Sound Wealth Management LLC acquired a new position in Arbor Realty Trust in the 1st quarter valued at $1,382,000. Sunbelt Securities Inc. lifted its position in shares of Arbor Realty Trust by 24.6% during the 1st quarter. Sunbelt Securities Inc. now owns 228,930 shares of the real estate investment trust’s stock valued at $1,765,000 after acquiring an additional 45,166 shares during the period. Finally, Amundi bought a new stake in shares of Arbor Realty Trust during the 1st quarter valued at $78,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

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.