Arbor Realty Trust (NYSE:ABR) Stock Gets Downgrade from Citizens Jmp

Arbor Realty Trust (NYSE:ABR) was downgraded by investment analysts at Citizens Jmp from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, September 29th, Marketbeat reports.

Several other analysts have also recently weighed in on the company. Piper Sandler dropped their price target on Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating for the company in a report on Monday, August 3rd. Keefe, Bruyette & Woods dropped their price target on Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating for the company in a report on Monday, August 3rd. Weiss Ratings cut Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised Arbor Realty Trust from an “underweight” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $5.50 in a report on Friday, July 17th. Finally, Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $5.13.

Arbor Realty Trust Stock Performance

NYSE:ABR traded up $0.09 during mid-day trading on Tuesday, hitting $2.97. 6,288,925 shares of the stock were exchanged, compared to its average volume of 4,679,957. The stock has a market capitalization of $553.15 million, a price-to-earnings ratio of 42.36 and a beta of 1.22. The firm’s 50-day simple moving average is $4.08 and its 200 day simple moving average is $6.02. The company has a debt-to-equity ratio of 2.33, a quick ratio of 478.85 and a current ratio of 478.85. Arbor Realty Trust has a fifty-two week low of $2.53 and a fifty-two week high of $11.90.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The business had revenue of $117.83 million during the quarter, compared to analysts’ expectations of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. As a group, equities analysts anticipate that Arbor Realty Trust will post 0.19 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director William Green acquired 25,951 shares of the company’s stock in a transaction on Monday, August 31st. The stock was purchased at an average cost of $5.07 per share, with a total value of $131,571.57. Following the acquisition, the director directly owned 231,369 shares of the company’s stock, valued at approximately $1,173,040.83. The trade was a 12.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. acquired a new position in Arbor Realty Trust in the 1st quarter valued at $29,000. North Star Investment Management Corp. acquired a new position in Arbor Realty Trust in the 1st quarter valued at $54,000. Public Employees Retirement System of Ohio acquired a new position in Arbor Realty Trust in the 2nd quarter valued at $49,000. Forty three Eighteen Advisors LLC acquired a new position in Arbor Realty Trust in the 4th quarter valued at $78,000. Finally, Amundi acquired a new position in Arbor Realty Trust in the 1st quarter valued at $78,000. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that originates, acquires, services and manages a diversified portfolio of commercial real estate-related investments. The company focuses primarily on multifamily properties and provides financing solutions to property owners, developers and investors.

Arbor’s business includes bridge and mezzanine lending, structured finance, mortgage servicing and agency lending. Through its agency platform, the company provides financing for multifamily properties through programs associated with Fannie Mae and Freddie Mac, while its structured finance activities include investments in mortgage-related assets and other real estate debt.

Founded in 2003, Arbor Realty Trust serves markets across the United States.