Arbor Realty Trust (NYSE:ABR) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Arbor Realty Trust (NYSE:ABR) have received an average rating of “Reduce” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $6.00.

Several equities research analysts have recently issued reports on ABR shares. Citizens Jmp decreased their target price on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research report on Thursday, May 14th. Zacks Research cut shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Piper Sandler cut their target price on Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating for the company in a research note on Monday, August 3rd. Weiss Ratings cut shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $5.50 in a research note on Friday, July 17th.

Arbor Realty Trust Stock Up 0.4%

Shares of NYSE:ABR opened at $5.08 on Monday. The company has a quick ratio of 478.85, a current ratio of 478.85 and a debt-to-equity ratio of 2.33. The stock has a market cap of $947.72 million, a price-to-earnings ratio of 72.57 and a beta of 1.15. The business’s 50 day moving average is $5.12 and its 200 day moving average is $6.37. Arbor Realty Trust has a 12-month low of $4.73 and a 12-month high of $12.57.

Arbor Realty Trust (NYSE:ABR) last announced its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $117.83 million during the quarter, compared to the consensus estimate of $107.75 million. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. On average, sell-side analysts forecast that Arbor Realty Trust will post 0.29 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.17 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a yield of 13.4%. Arbor Realty Trust’s payout ratio is presently 971.43%.

Institutional Trading of Arbor Realty Trust

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in Arbor Realty Trust by 3.5% during the 1st quarter. Royal Bank of Canada now owns 132,181 shares of the real estate investment trust’s stock valued at $1,553,000 after acquiring an additional 4,470 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Arbor Realty Trust by 25,163.2% in the 1st quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 4,781 shares during the period. United Services Automobile Association bought a new stake in Arbor Realty Trust during the 1st quarter valued at approximately $145,000. Focus Partners Wealth bought a new stake in shares of Arbor Realty Trust during the first quarter valued at approximately $161,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Arbor Realty Trust by 61.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,705 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,782 shares in the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

About Arbor Realty Trust

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.