JMP Securities Lowers Arbor Realty Trust (NYSE:ABR) Price Target to $16.00

Arbor Realty Trust (NYSE:ABR) had its price objective cut by analysts at JMP Securities from $17.00 to $16.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “market outperform” rating on the real estate investment trust’s stock. JMP Securities’ target price would indicate a potential upside of 14.61% from the stock’s current price.

ABR has been the subject of a number of other research reports. TheStreet upgraded Arbor Realty Trust from a “d+” rating to a “c” rating in a research note on Monday, March 18th. Wedbush reissued a “neutral” rating and set a $13.00 price target on shares of Arbor Realty Trust in a research report on Monday, May 6th. Keefe, Bruyette & Woods cut their price target on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.54.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $13.96 on Thursday. The company has a quick ratio of 36.63, a current ratio of 36.63 and a debt-to-equity ratio of 3.14. Arbor Realty Trust has a fifty-two week low of $11.77 and a fifty-two week high of $17.74. The business has a fifty day moving average of $13.34 and a 200-day moving average of $13.60. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 8.67 and a beta of 1.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Melia Wealth LLC acquired a new stake in shares of Arbor Realty Trust in the 4th quarter worth approximately $18,906,000. Norges Bank acquired a new stake in Arbor Realty Trust in the fourth quarter worth approximately $18,775,000. Azora Capital LP bought a new position in Arbor Realty Trust during the 4th quarter valued at $14,932,000. Vanguard Group Inc. increased its position in shares of Arbor Realty Trust by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,645,518 shares of the real estate investment trust’s stock valued at $283,039,000 after purchasing an additional 743,221 shares during the period. Finally, Wasatch Advisors LP lifted its holdings in shares of Arbor Realty Trust by 31.9% in the fourth quarter. Wasatch Advisors LP now owns 3,004,789 shares of the real estate investment trust’s stock valued at $45,613,000 after buying an additional 726,685 shares during the period. Institutional investors own 57.25% of the company’s stock.

About Arbor Realty Trust

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates through Structured Business and Agency Business segments. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities.