JPMorgan Chase & Co. Upgrades Arbor Realty Trust (NYSE:ABR) to “Neutral”

Arbor Realty Trust (NYSE:ABR) was upgraded by research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Friday,Benzinga reports. The brokerage presently has a $5.50 target price on the real estate investment trust’s stock, down from their prior target price of $7.00. JPMorgan Chase & Co.‘s price target suggests a potential upside of 7.11% from the stock’s previous close.

A number of other analysts also recently commented on the stock. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Keefe, Bruyette & Woods reduced their target price on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a report on Tuesday, May 12th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Piper Sandler dropped their price target on Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating on the stock in a report on Thursday, July 2nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Arbor Realty Trust in a research report on Friday, May 22nd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Arbor Realty Trust has a consensus rating of “Reduce” and an average price target of $6.50.

Arbor Realty Trust Trading Up 1.7%

Shares of ABR stock opened at $5.13 on Friday. The stock has a 50-day simple moving average of $5.41 and a 200 day simple moving average of $6.97. The stock has a market capitalization of $987.77 million, a P/E ratio of 13.17 and a beta of 1.15. Arbor Realty Trust has a fifty-two week low of $4.86 and a fifty-two week high of $12.57. The company has a quick ratio of 428.41, a current ratio of 428.41 and a debt-to-equity ratio of 2.71.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.09). Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%.The business had revenue of $119.67 million during the quarter, compared to the consensus estimate of $109.86 million. On average, sell-side analysts expect that Arbor Realty Trust will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Arbor Realty Trust

In other news, insider David Erwin Friedman purchased 8,840 shares of Arbor Realty Trust stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $6.84 per share, for a total transaction of $60,465.60. Following the transaction, the insider owned 68,478 shares in the company, valued at $468,389.52. The trade was a 14.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of Arbor Realty Trust

Large investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in shares of Arbor Realty Trust by 73.5% during the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,175 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Arbor Realty Trust by 33.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,092 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,276 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Arbor Realty Trust by 3.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 44,752 shares of the real estate investment trust’s stock worth $347,000 after acquiring an additional 1,400 shares in the last quarter. NFSG Corp boosted its position in Arbor Realty Trust by 10.0% during the 1st quarter. NFSG Corp now owns 17,025 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 1,553 shares during the period. Finally, MML Investors Services LLC grew its stake in Arbor Realty Trust by 2.9% during the 2nd quarter. MML Investors Services LLC now owns 62,115 shares of the real estate investment trust’s stock valued at $665,000 after acquiring an additional 1,749 shares in the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.