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

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

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

Arbor Realty Trust Stock Down 0.8 %

Shares of Arbor Realty Trust stock opened at $13.92 on Friday. The company has a 50-day simple moving average of $14.67 and a two-hundred day simple moving average of $14.29. The stock has a market capitalization of $2.63 billion, a PE ratio of 10.31 and a beta of 2.03. Arbor Realty Trust has a 52-week low of $11.92 and a 52-week high of $16.35. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 12.36%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio is 127.41%.

Insider Buying and Selling

In related news, Director William C. Green bought 5,269 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were acquired at an average price of $14.17 per share, with a total value of $74,661.73. Following the transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Arbor Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in 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 in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Arbor Realty Trust in the 3rd quarter worth approximately $38,000. Glenmede Trust Co. NA grew its position 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 purchasing an additional 701 shares during the last quarter. KBC Group NV increased its stake in Arbor Realty Trust by 39.1% during the 3rd 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 purchased a new position in shares of Arbor Realty Trust in the third quarter worth $102,000. Hedge funds and other 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.