Keefe, Bruyette & Woods Cuts Arbor Realty Trust (NYSE:ABR) Price Target to $13.50

Arbor Realty Trust (NYSE:ABR) had its target price reduced by Keefe, Bruyette & Woods from $14.25 to $13.50 in a report issued on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently issued reports on the company. Raymond James boosted their price objective on Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. boosted their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Finally, JMP Securities raised their price objective 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.17.

Arbor Realty Trust Stock Performance

ABR opened at $13.62 on Tuesday. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 10.09 and a beta of 2.04. The firm’s fifty day simple moving average is $14.26 and its two-hundred day simple moving average is $14.25. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. Arbor Realty Trust has a 52-week low of $11.92 and a 52-week high of $15.94.

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 12.63%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 127.41%.

Insider Buying and Selling at Arbor Realty Trust

In other news, Director William C. Green bought 5,269 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the acquisition, the director now directly owns 178,797 shares of the company’s stock, valued at $2,533,553.49. This trade represents a 3.04 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 3.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ABR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Arbor Realty Trust by 52.3% in 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 purchasing an additional 100,055 shares during the period. Pathstone Holdings LLC increased its position in shares of Arbor Realty Trust by 42.0% during the 3rd quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock worth $2,057,000 after purchasing an additional 39,072 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Arbor Realty Trust in the 3rd quarter valued at about $1,443,000. Intech Investment Management LLC acquired a new position in Arbor Realty Trust in the third quarter valued at about $820,000. Finally, Geode Capital Management LLC increased its position in shares of Arbor Realty Trust by 1.1% during the third quarter. Geode Capital Management LLC now owns 4,298,957 shares of the real estate investment trust’s stock valued at $66,905,000 after acquiring an additional 45,370 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

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.