Arbor Realty Trust (NYSE:ABR) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Arbor Realty Trust (NYSE:ABR) from a sell rating to a hold rating in a research report released on Saturday morning.

A number of other analysts have also recently commented on ABR. JMP Securities dropped their price target on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 19th. Keefe, Bruyette & Woods boosted their price target on Arbor Realty Trust from $11.50 to $12.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Piper Sandler boosted their price target on Arbor Realty Trust from $11.00 to $11.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Arbor Realty Trust in a research report on Tuesday, October 14th. Finally, Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Arbor Realty Trust currently has an average rating of “Reduce” and an average target price of $11.63.

Arbor Realty Trust Stock Performance

Arbor Realty Trust stock opened at $11.63 on Friday. The stock’s 50 day simple moving average is $11.86 and its two-hundred day simple moving average is $11.14. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 12.77 and a beta of 1.37. Arbor Realty Trust has a fifty-two week low of $8.43 and a fifty-two week high of $15.76.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). The firm had revenue of $27.44 million for the quarter, compared to the consensus estimate of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. As a group, analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date was Friday, August 15th. Arbor Realty Trust’s payout ratio is presently 131.87%.

Institutional Investors Weigh In On Arbor Realty Trust

Hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. purchased a new stake in Arbor Realty Trust during the 1st quarter valued at $250,000. Cambridge Investment Research Advisors Inc. raised its stake in Arbor Realty Trust by 5.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 499,202 shares of the real estate investment trust’s stock valued at $5,866,000 after buying an additional 27,153 shares during the last quarter. GAMMA Investing LLC raised its stake in Arbor Realty Trust by 223.0% during the 1st quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 2,308 shares during the last quarter. Strs Ohio purchased a new stake in Arbor Realty Trust during the 1st quarter valued at $404,000. Finally, Melia Wealth LLC raised its stake in Arbor Realty Trust by 14.5% during the 2nd quarter. Melia Wealth LLC now owns 889,303 shares of the real estate investment trust’s stock valued at $9,516,000 after buying an additional 112,763 shares during the last quarter. 57.25% of the stock is currently 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.