Keefe, Bruyette & Woods Lowers Arbor Realty Trust (NYSE:ABR) Price Target to $12.00

Arbor Realty Trust (NYSE:ABR) had its price objective dropped by analysts at Keefe, Bruyette & Woods from $13.50 to $12.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price indicates a potential downside of 1.92% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Raymond James downgraded shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday. JPMorgan Chase & Co. dropped their price objective on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Arbor Realty Trust has a consensus rating of “Hold” and an average target price of $13.75.

Arbor Realty Trust Stock Up 1.5 %

Shares of ABR opened at $12.24 on Tuesday. The firm has a 50 day simple moving average of $13.52 and a two-hundred day simple moving average of $14.17. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68. Arbor Realty Trust has a one year low of $11.43 and a one year high of $15.94. The company has a market cap of $2.31 billion, a P/E ratio of 10.28 and a beta of 2.03.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The business had revenue of $262.87 million for the quarter, compared to analyst estimates of $88.92 million. Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. Research analysts forecast that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green acquired 5,269 shares of Arbor Realty Trust stock in a transaction that occurred on Thursday, December 5th. The shares were bought 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 $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. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ABR. Dunhill Financial LLC acquired a new stake in shares of Arbor Realty Trust in the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC boosted its holdings in Arbor Realty Trust by 280.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 1,934 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in Arbor Realty Trust during the 4th quarter valued at approximately $36,000. Harbor Capital Advisors Inc. bought a new position in Arbor Realty Trust during the 3rd quarter worth approximately $38,000. Finally, Glenmede Trust Co. NA lifted its position in shares of Arbor Realty Trust by 33.1% in 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 period. 57.25% of the stock is owned by institutional investors and hedge funds.

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.