Arbor Realty Trust, Inc. (NYSE:ABR) Receives Consensus Recommendation of “Reduce” from Analysts

Arbor Realty Trust, Inc. (NYSE:ABR) has earned an average rating of “Reduce” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $13.40.

ABR has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating on the stock in a research note on Tuesday, July 16th. Piper Sandler increased their price objective on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research report on Monday, August 5th. JMP Securities lowered their target price on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a research note on Thursday, June 20th. Finally, Keefe, Bruyette & Woods upped their price target on Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, July 10th.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABR. Victory Capital Management Inc. grew its position in shares of Arbor Realty Trust by 22.3% during the 4th quarter. Victory Capital Management Inc. now owns 37,439 shares of the real estate investment trust’s stock worth $568,000 after buying an additional 6,836 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Arbor Realty Trust by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,020,466 shares of the real estate investment trust’s stock valued at $30,671,000 after purchasing an additional 96,367 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Arbor Realty Trust by 5.0% in the fourth quarter. Teacher Retirement System of Texas now owns 37,065 shares of the real estate investment trust’s stock worth $563,000 after purchasing an additional 1,750 shares during the period. Jump Financial LLC acquired a new stake in Arbor Realty Trust in the fourth quarter worth $232,000. Finally, Avantax Advisory Services Inc. grew its holdings in shares of Arbor Realty Trust by 6.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 30,753 shares of the real estate investment trust’s stock valued at $467,000 after buying an additional 1,833 shares during the period. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Up 0.8 %

NYSE ABR opened at $14.68 on Wednesday. The stock’s 50 day simple moving average is $13.54 and its 200 day simple moving average is $13.42. The company has a debt-to-equity ratio of 2.78, a current ratio of 37.31 and a quick ratio of 37.31. Arbor Realty Trust has a one year low of $11.77 and a one year high of $16.35. The firm has a market cap of $2.77 billion, a PE ratio of 9.11 and a beta of 2.05.

Arbor Realty Trust (NYSE:ABR) last announced its earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Arbor Realty Trust had a return on equity of 15.75% and a net margin of 24.59%. The company had revenue of $297.19 million during the quarter, compared to analyst estimates of $300.69 million. During the same period last year, the company posted $0.56 earnings per share. As a group, sell-side analysts forecast that Arbor Realty Trust will post 1.7 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.72%. The ex-dividend date was Friday, August 16th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 106.83%.

Arbor Realty Trust Company Profile

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.