Arbor Realty Trust, Inc. (NYSE:ABR) Receives $14.71 Average Price Target from Analysts

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $14.71.

A number of research firms have recently commented on ABR. JMP Securities dropped their price target on Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 1st. Keefe, Bruyette & Woods dropped their target price on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a report on Wednesday, April 10th. TheStreet upgraded shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. Wedbush reissued a “neutral” rating and set a $13.00 price objective (down previously from $17.00) on shares of Arbor Realty Trust in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 10th.

Insiders Place Their Bets

In related news, Director William C. Green bought 10,209 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $12.93 per share, with a total value of $132,002.37. Following the completion of the transaction, the director now owns 162,809 shares in the company, valued at $2,105,120.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Arbor Realty Trust in the third quarter valued at $1,511,000. Everence Capital Management Inc. acquired a new stake in Arbor Realty Trust in the 3rd quarter valued at about $368,000. Avior Wealth Management LLC grew its holdings in Arbor Realty Trust by 17.1% during the third quarter. Avior Wealth Management LLC now owns 8,178 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 1,194 shares during the period. Newbridge Financial Services Group Inc. increased its position in Arbor Realty Trust by 39.8% during the third quarter. Newbridge Financial Services Group Inc. now owns 20,058 shares of the real estate investment trust’s stock worth $304,000 after buying an additional 5,715 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Arbor Realty Trust by 8.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 328,637 shares of the real estate investment trust’s stock valued at $4,989,000 after buying an additional 24,631 shares during the period. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock opened at $13.21 on Friday. The stock’s fifty day simple moving average is $12.91 and its 200 day simple moving average is $13.49. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 3.21. The company has a market capitalization of $2.50 billion, a PE ratio of 7.50 and a beta of 1.97. Arbor Realty Trust has a 12 month low of $10.10 and a 12 month high of $17.74.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.43 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.72 annualized dividend and a yield of 13.03%. Arbor Realty Trust’s payout ratio is currently 97.73%.

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.