Arbor Realty Trust (NYSE:ABR) Stock Keeps “Market Perform” Rating at Citizens Jmp

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

Several other research firms have also weighed in on ABR. Piper Sandler cut their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating on the stock in a report on Monday, August 3rd. Weiss Ratings lowered shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Keefe, Bruyette & Woods dropped their target price on Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating on the stock in a research report on Monday, August 3rd. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and reduced their target price 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 research report on Monday, August 31st. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $6.00.

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock opened at $4.07 on Tuesday. The firm has a market cap of $759.11 million, a P/E ratio of 58.13 and a beta of 1.15. The company has a debt-to-equity ratio of 2.33, a current ratio of 478.85 and a quick ratio of 478.85. The firm has a 50 day simple moving average of $4.93 and a 200 day simple moving average of $5.90. Arbor Realty Trust has a fifty-two week low of $3.87 and a fifty-two week high of $12.57.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data 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. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%.The firm had revenue of $117.83 million during the quarter, compared to analysts’ expectations of $107.75 million. Sell-side analysts predict that Arbor Realty Trust will post 0.23 earnings per share for the current fiscal year.

Insider Activity

In other Arbor Realty Trust news, Director William Green bought 25,951 shares of the stock in a transaction dated Monday, August 31st. The shares were bought at an average cost of $5.07 per share, with a total value of $131,571.57. Following the completion of the acquisition, the director owned 231,369 shares of the company’s stock, valued at $1,173,040.83. This trade represents a 12.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 4.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Several hedge funds have recently bought and sold shares of the company. Amundi boosted its holdings in shares of Arbor Realty Trust by 225.7% in the 2nd quarter. Amundi now owns 32,825 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 22,748 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Arbor Realty Trust in the second quarter valued at approximately $60,000. Two Sigma Securities LLC bought a new stake in Arbor Realty Trust during the 2nd quarter worth approximately $138,000. Beacon Pointe Advisors LLC acquired a new position in shares of Arbor Realty Trust during the second quarter worth $280,000. Finally, Strait & Sound Wealth Management LLC bought a new position in Arbor Realty Trust during the 2nd quarter worth $71,000. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Company Profile

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.