Arbor Realty Trust, Inc. (NYSE:ABR) Receives Consensus Rating of “Hold” from Analysts

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) have received an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $14.25.

Several research firms have recently issued reports on ABR. JMP Securities upped their price objective on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. raised their price target on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Finally, Raymond James upped their target price on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th.

Insider Buying and Selling

In related news, Director William C. Green purchased 5,269 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the acquisition, the director now owns 178,797 shares of the company’s stock, valued at $2,533,553.49. This represents a 3.04 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by company insiders.

Institutional Trading of Arbor Realty Trust

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in Arbor Realty Trust by 75.5% in the third quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 688 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Arbor Realty Trust during the third quarter valued at about $38,000. Glenmede Trust Co. NA grew its position in Arbor Realty Trust by 33.1% during the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 701 shares during the period. KBC Group NV increased its holdings in Arbor Realty Trust by 39.1% during the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 1,796 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in Arbor Realty Trust in the third quarter valued at about $102,000. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Trading Up 2.2 %

Shares of ABR stock opened at $14.31 on Monday. Arbor Realty Trust has a twelve month low of $11.92 and a twelve month high of $16.35. The stock’s fifty day simple moving average is $14.97 and its 200 day simple moving average is $14.25. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. The firm has a market capitalization of $2.70 billion, a P/E ratio of 10.60 and a beta of 2.03.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.02%. The ex-dividend date was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio is currently 127.41%.

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.