Arbor Realty Trust, Inc. (NYSE:ABR) Given Average Rating of “Hold” by Brokerages

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) have earned a consensus rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $14.25.

ABR has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research note on Thursday, October 17th. JMP Securities upped their price target on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research report on Friday, September 27th. Piper Sandler lifted their price objective on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a report on Monday, August 5th. Finally, Raymond James upped their target price on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th.

Arbor Realty Trust Stock Down 0.9 %

ABR opened at $14.67 on Monday. The company has a market capitalization of $2.77 billion, a P/E ratio of 10.87 and a beta of 2.06. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. The firm’s fifty day moving average price is $15.09 and its two-hundred day moving average price is $14.23. Arbor Realty Trust has a fifty-two week low of $11.92 and a fifty-two week high of $16.35.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.72%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 127.41%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of Arbor Realty Trust by 75.5% in the third quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 688 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Arbor Realty Trust in the 3rd quarter worth approximately $38,000. Glenmede Trust Co. NA lifted its holdings in Arbor Realty Trust by 33.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 701 shares in the last quarter. KBC Group NV boosted its position in Arbor Realty Trust by 39.1% in the 3rd quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 1,796 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Arbor Realty Trust in the 3rd quarter valued at $102,000. Institutional investors and hedge funds 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.