Arbor Realty Trust’s (ABR) Market Perform Rating Reaffirmed at Citizens Jmp

Arbor Realty Trust (NYSE:ABR)‘s stock had its “market perform” rating restated by research analysts at Citizens Jmp in a research note issued on Tuesday, MarketBeat reports.

A number of other equities analysts have also recently weighed in on the stock. Piper Sandler reduced their price objective on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating for the company in a research report on Monday, August 3rd. Keefe, Bruyette & Woods lowered their price target on Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating on the stock in a research note on Monday, August 3rd. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and reduced their target price for the company from $7.00 to $5.50 in a research report on Friday, July 17th. Finally, Weiss Ratings cut shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Arbor Realty Trust has a consensus rating of “Reduce” and a consensus target price of $6.00.

Arbor Realty Trust Stock Performance

Shares of NYSE ABR opened at $4.07 on Tuesday. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33. The company has a 50 day simple moving average of $4.93 and a two-hundred day simple moving average of $5.90. Arbor Realty Trust has a 12 month low of $3.87 and a 12 month high of $12.57. The stock has a market cap of $759.11 million, a price-to-earnings ratio of 58.13 and a beta of 1.15.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. The firm had revenue of $117.83 million during the quarter, compared to analysts’ expectations of $107.75 million. As a group, analysts predict that Arbor Realty Trust will post 0.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director William Green bought 25,951 shares of the stock in a transaction on Monday, August 31st. The stock was bought at an average price of $5.07 per share, with a total value of $131,571.57. Following the completion of the purchase, the director directly owned 231,369 shares in the company, valued at $1,173,040.83. This represents a 12.63% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ABR. Amundi boosted its stake in Arbor Realty Trust by 225.7% during the second quarter. Amundi now owns 32,825 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 22,748 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Arbor Realty Trust during the second quarter worth about $60,000. Two Sigma Securities LLC acquired a new stake in shares of Arbor Realty Trust during the second quarter worth about $138,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Arbor Realty Trust during the second quarter worth about $280,000. Finally, Strait & Sound Wealth Management LLC acquired a new stake in shares of Arbor Realty Trust during the second quarter worth about $71,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

About Arbor Realty Trust

Arbor Realty Trust, Inc is a real estate investment trust that specializes in financing and investing in commercial real estate. The company focuses primarily on the multifamily housing sector, providing capital to property owners, operators and developers through a range of lending and investment programs.

Its business activities include originating bridge and structured loans, acquiring or investing in mortgage-related assets, and providing mezzanine loans and preferred equity investments.