Arbor Realty Trust’s (ABR) “Neutral” Rating Reiterated at Wedbush

Wedbush reissued their neutral rating on shares of Arbor Realty Trust (NYSE:ABR) in a research report released on Monday, Benzinga reports. The firm currently has a $13.00 price objective on the real estate investment trust’s stock.

ABR has been the topic of several other reports. JPMorgan Chase & Co. cut their target price on shares of Arbor Realty Trust from $12.50 to $12.00 and set an underweight rating on the stock in a report on Wednesday, April 10th. JMP Securities dropped their price objective on Arbor Realty Trust from $19.00 to $17.00 and set a market outperform rating on the stock in a research note on Thursday, February 1st. Keefe, Bruyette & Woods decreased their target price on Arbor Realty Trust from $13.50 to $13.25 and set a market perform rating for the company in a research note on Wednesday, April 10th. Finally, TheStreet upgraded Arbor Realty Trust from a d+ rating to a c rating in a report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Arbor Realty Trust currently has a consensus rating of Hold and an average price target of $14.71.

Arbor Realty Trust Stock Up 0.3 %

NYSE:ABR opened at $13.51 on Monday. The stock’s fifty day simple moving average is $12.87 and its 200-day simple moving average is $13.40. The firm has a market capitalization of $2.55 billion, a P/E ratio of 8.39 and a beta of 1.96. The company has a quick ratio of 36.02, a current ratio of 36.63 and a debt-to-equity ratio of 3.14. Arbor Realty Trust has a 12-month low of $11.77 and a 12-month high of $17.74.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.72 annualized dividend and a yield of 12.74%. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 106.83%.

Insiders Place Their Bets

In other Arbor Realty Trust news, Director William C. Green purchased 10,209 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $12.93 per share, for a total transaction of $132,002.37. Following the purchase, the director now owns 162,809 shares in the company, valued at $2,105,120.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Arbor Realty Trust by 8.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 328,637 shares of the real estate investment trust’s stock worth $4,989,000 after buying an additional 24,631 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Arbor Realty Trust by 11.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 386,237 shares of the real estate investment trust’s stock valued at $5,863,000 after purchasing an additional 38,496 shares during the period. Bank of New York Mellon Corp grew its position in shares of Arbor Realty Trust by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,494,073 shares of the real estate investment trust’s stock worth $22,680,000 after purchasing an additional 26,567 shares in the last quarter. Bailard Inc. increased its holdings in shares of Arbor Realty Trust by 66.7% during the third quarter. Bailard Inc. now owns 20,797 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 8,319 shares during the period. Finally, New York State Teachers Retirement System raised its position in shares of Arbor Realty Trust by 460.3% in the third quarter. New York State Teachers Retirement System now owns 272,907 shares of the real estate investment trust’s stock valued at $4,143,000 after buying an additional 224,196 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

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.