Arbor Realty Trust (NYSE:ABR) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Arbor Realty Trust (NYSE:ABR) had its price target increased by investment analysts at Keefe, Bruyette & Woods from $7.50 to $8.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “underperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target suggests a potential downside of 6.87% from the company’s current price.

ABR has been the subject of a number of other reports. Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Weiss Ratings downgraded shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. decreased their price target on Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Thursday, December 4th. Wall Street Zen upgraded Arbor Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Piper Sandler cut their target price on Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $9.50.

Arbor Realty Trust Trading Down 2.9%

Shares of NYSE:ABR opened at $8.59 on Wednesday. The stock has a 50 day moving average of $7.82 and a 200 day moving average of $9.60. The company has a market cap of $1.66 billion, a PE ratio of 15.62 and a beta of 1.36. Arbor Realty Trust has a 12-month low of $7.11 and a 12-month high of $12.73. The company has a current ratio of 394.59, a quick ratio of 287.79 and a debt-to-equity ratio of 2.41.

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABR. Advisors Asset Management Inc. boosted its holdings in shares of Arbor Realty Trust by 72.1% in the second quarter. Advisors Asset Management Inc. now owns 564,323 shares of the real estate investment trust’s stock valued at $6,038,000 after purchasing an additional 236,514 shares during the period. Geode Capital Management LLC raised its position in Arbor Realty Trust by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 4,557,182 shares of the real estate investment trust’s stock valued at $48,769,000 after purchasing an additional 131,747 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Arbor Realty Trust by 37.8% in the 2nd quarter. Penserra Capital Management LLC now owns 130,887 shares of the real estate investment trust’s stock worth $1,400,000 after buying an additional 35,918 shares during the period. Marshall Wace LLP purchased a new stake in shares of Arbor Realty Trust in the 2nd quarter worth $26,358,000. Finally, Norges Bank bought a new position in shares of Arbor Realty Trust during the 2nd quarter worth $1,725,000. 57.25% of the stock is owned by 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.