Arbor Realty Trust (NYSE:ABR) Downgraded to Market Perform Rating by Raymond James

Raymond James downgraded shares of Arbor Realty Trust (NYSE:ABR) from an outperform rating to a market perform rating in a research report report published on Monday, MarketBeat Ratings reports.

Several other equities analysts have also recently weighed in on ABR. JPMorgan Chase & Co. lowered their price objective on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods decreased 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 research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.00.

Arbor Realty Trust Price Performance

NYSE ABR opened at $11.65 on Monday. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 8.63 and a beta of 2.03. Arbor Realty Trust has a 1-year low of $11.46 and a 1-year high of $15.94. 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 business’s fifty day moving average price is $13.59 and its 200-day moving average price is $14.20.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $262.87 million during the quarter, compared to the consensus estimate of $88.92 million. Arbor Realty Trust had a net margin of 23.99% and a return on equity of 14.94%. On average, equities analysts predict that Arbor Realty Trust will post 1.68 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 14.76%. The ex-dividend date is Friday, March 7th. Arbor Realty Trust’s dividend payout ratio is currently 144.54%.

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green acquired 5,269 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $14.17 per share, with a total value of $74,661.73. Following the completion of the purchase, the director now directly owns 178,797 shares in the company, valued at approximately $2,533,553.49. The trade was a 3.04 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC purchased a new stake in Arbor Realty Trust during the 4th quarter valued at approximately $1,144,000. Nisa Investment Advisors LLC boosted its position in shares of Arbor Realty Trust by 29.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust’s stock worth $1,459,000 after acquiring an additional 23,987 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Arbor Realty Trust by 52.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock valued at $4,535,000 after acquiring an additional 100,055 shares in the last quarter. Pathstone Holdings LLC increased its holdings in Arbor Realty Trust by 42.0% in the 3rd quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock valued at $2,057,000 after acquiring an additional 39,072 shares during the last quarter. Finally, EMC Capital Management lifted its stake in Arbor Realty Trust by 23,453.8% in the 4th quarter. EMC Capital Management now owns 18,843 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 18,763 shares in the last quarter. Institutional investors own 57.25% of the company’s stock.

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.