Arbor Realty Trust (NYSE:ABR) Price Target Cut to $11.00 by Analysts at Citizens Jmp

Arbor Realty Trust (NYSE:ABR) had its price objective trimmed by Citizens Jmp from $12.00 to $11.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a market outperform rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the company. Piper Sandler lowered their price target on Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, December 22nd. Zacks Research downgraded Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 25th. JPMorgan Chase & Co. lowered their target price 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 downgraded Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Finally, Keefe, Bruyette & Woods lifted their price target on Arbor Realty Trust from $7.50 to $8.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Sell” and an average target price of $9.00.

Arbor Realty Trust Stock Performance

Shares of ABR opened at $7.52 on Thursday. The company has a market capitalization of $1.45 billion, a PE ratio of 13.66 and a beta of 1.34. Arbor Realty Trust has a one year low of $7.11 and a one year high of $12.57. The company has a debt-to-equity ratio of 2.41, a current ratio of 394.59 and a quick ratio of 394.59. The company’s fifty day moving average price is $7.74 and its 200 day moving average price is $9.04.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 16.0%. Arbor Realty Trust’s dividend payout ratio is currently 218.18%.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of 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 worth $1,553,000 after acquiring an additional 4,470 shares during the period. Jones Financial Companies Lllp increased its position in shares of Arbor Realty Trust by 25,163.2% during 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 purchasing an additional 4,781 shares during the period. United Services Automobile Association bought a new stake in shares of Arbor Realty Trust during the first quarter valued at approximately $145,000. Focus Partners Wealth acquired a new position in shares of Arbor Realty Trust in the first quarter valued at $161,000. Finally, Legal & General Group Plc raised its stake in shares of Arbor Realty Trust by 4.4% in the second quarter. Legal & General Group Plc now owns 525,971 shares of the real estate investment trust’s stock valued at $5,628,000 after purchasing an additional 22,253 shares in the last quarter. 57.25% of the stock is 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.