Arbor Realty Trust (NYSE:ABR) Stock Rating Lowered by Wall Street Zen

Arbor Realty Trust (NYSE:ABR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

A number of other research firms also recently commented on ABR. Piper Sandler raised their price objective on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock an “underweight” rating in a report on Wednesday, October 8th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Arbor Realty Trust in a research note on Tuesday, October 14th. JPMorgan Chase & Co. raised their target price on Arbor Realty Trust from $11.00 to $11.50 and gave the stock an “underweight” rating in a research report on Monday, October 20th. Finally, Keefe, Bruyette & Woods raised their target price on Arbor Realty Trust from $11.50 to $12.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $12.00.

Arbor Realty Trust Price Performance

Shares of ABR stock opened at $11.94 on Friday. The stock has a 50 day moving average of $11.86 and a two-hundred day moving average of $11.18. 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 12 month low of $8.43 and a 12 month high of $15.76. The company has a market capitalization of $2.30 billion, a P/E ratio of 13.12 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, August 1st. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). The firm had revenue of $27.44 million during the quarter, compared to the consensus estimate of $76.99 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. As a group, equities analysts expect that Arbor Realty Trust will post 1.65 EPS for the current year.

Hedge Funds Weigh In On Arbor Realty Trust

Several institutional investors have recently bought and sold shares of ABR. Amalgamated Bank raised its stake in shares of Arbor Realty Trust by 1.8% in the second quarter. Amalgamated Bank now owns 54,581 shares of the real estate investment trust’s stock worth $584,000 after acquiring an additional 962 shares during the last quarter. Jamison Private Wealth Management Inc. raised its position in Arbor Realty Trust by 7.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 15,108 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 1,086 shares during the last quarter. Allworth Financial LP raised its position in Arbor Realty Trust by 77.8% in the 2nd quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,130 shares during the last quarter. Covestor Ltd raised its position in Arbor Realty Trust by 14.7% in the 1st quarter. Covestor Ltd now owns 8,965 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 1,146 shares during the last quarter. Finally, Byrne Financial Freedom LLC raised its position in Arbor Realty Trust by 8.0% in the 2nd quarter. Byrne Financial Freedom LLC now owns 15,548 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 1,157 shares during the last quarter. Institutional investors own 57.25% of the company’s stock.

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.