JPMorgan Chase & Co. Issues Pessimistic Forecast for Arbor Realty Trust (NYSE:ABR) Stock Price

Arbor Realty Trust (NYSE:ABR) had its target price cut by investment analysts at JPMorgan Chase & Co. from $13.50 to $12.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 6.00% from the stock’s current price.

A number of other brokerages have also recently weighed in on ABR. JMP Securities lifted their target price on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. Keefe, Bruyette & Woods cut their price target on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.00.

Arbor Realty Trust Trading Down 2.2 %

Shares of ABR opened at $13.30 on Tuesday. Arbor Realty Trust has a fifty-two week low of $11.92 and a fifty-two week high of $15.94. The stock has a fifty day moving average of $14.07 and a two-hundred day moving average of $14.22. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. The company has a market capitalization of $2.51 billion, a PE ratio of 9.85 and a beta of 2.04.

Insider Buying and Selling

In related news, Director William C. Green acquired 5,269 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the purchase, the director now directly owns 178,797 shares of the company’s stock, valued at $2,533,553.49. The trade was a 3.04 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arbor Realty Trust

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in Arbor Realty Trust by 75.5% during the 3rd 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 period. Harbor Capital Advisors Inc. acquired a new stake in shares of Arbor Realty Trust during the third quarter worth approximately $38,000. Glenmede Trust Co. NA boosted its holdings in shares of Arbor Realty Trust by 33.1% during the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 701 shares during the period. KBC Group NV grew its position in Arbor Realty Trust by 39.1% during the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 1,796 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Arbor Realty Trust in the 3rd quarter valued at approximately $102,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

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.