Arbor Realty Trust (NYSE:ABR) Given New $13.00 Price Target at JMP Securities

Arbor Realty Trust (NYSE:ABR) had its price target reduced by JMP Securities from $13.50 to $13.00 in a report issued on Tuesday,Benzinga reports. They currently have a market outperform rating on the real estate investment trust’s stock.

A number of other research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company a “market perform” rating in a research note on Tuesday, August 5th. Zacks Research cut shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, May 5th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $12.63.

Arbor Realty Trust Stock Down 2.2%

NYSE ABR opened at $11.3550 on Tuesday. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. Arbor Realty Trust has a 1-year low of $8.43 and a 1-year high of $15.94. The company has a 50 day moving average of $11.21 and a 200-day moving average of $11.36. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 12.48 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The business had revenue of $27.44 million during the quarter, compared to analyst estimates of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. On average, equities research analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 10.6%. Arbor Realty Trust’s payout ratio is currently 131.87%.

Institutional Trading of Arbor Realty Trust

Several institutional investors have recently modified their holdings of ABR. Envestnet Asset Management Inc. acquired a new position in Arbor Realty Trust in the fourth quarter valued at $152,000. Bank of Montreal Can lifted its holdings in Arbor Realty Trust by 14.2% in the fourth quarter. Bank of Montreal Can now owns 23,692 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 2,953 shares during the period. Renaissance Technologies LLC lifted its holdings in Arbor Realty Trust by 342.4% in the fourth quarter. Renaissance Technologies LLC now owns 115,645 shares of the real estate investment trust’s stock valued at $1,602,000 after buying an additional 89,505 shares during the period. Raymond James Financial Inc. acquired a new position in Arbor Realty Trust in the fourth quarter valued at $15,967,000. Finally, Sterling Capital Management LLC lifted its holdings in Arbor Realty Trust by 819.7% in the fourth quarter. Sterling Capital Management LLC now owns 5,803 shares of the real estate investment trust’s stock valued at $80,000 after buying an additional 5,172 shares during the period. Institutional investors own 57.25% of the company’s stock.

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.