Keefe, Bruyette & Woods Cuts Arbor Realty Trust (NYSE:ABR) Price Target to $7.50

Arbor Realty Trust (NYSE:ABR) had its target price lowered by Keefe, Bruyette & Woods from $8.50 to $7.50 in a report released on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an underperform rating on the real estate investment trust’s stock.

Other analysts have also recently issued research reports about the stock. Piper Sandler lowered their price objective on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, December 22nd. JPMorgan Chase & Co. decreased their price objective on Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Thursday, December 4th. Wall Street Zen lowered Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Arbor Realty Trust in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $9.38.

Arbor Realty Trust Trading Up 3.4%

NYSE ABR opened at $8.06 on Thursday. The business’s fifty day moving average is $8.57 and its 200-day moving average is $10.56. The company has a debt-to-equity ratio of 2.51, a current ratio of 287.79 and a quick ratio of 287.79. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.07 and a beta of 1.39. Arbor Realty Trust has a one year low of $7.58 and a one year high of $14.33.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. Arbor Realty Trust had a return on equity of 11.63% and a net margin of 20.07%.The firm had revenue of $162.49 million for the quarter, compared to analysts’ expectations of $72.26 million. Equities research analysts predict that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were issued a $0.30 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.20 annualized dividend and a yield of 14.9%. Arbor Realty Trust’s dividend payout ratio (DPR) is 150.00%.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, CEO Ivan Kaufman bought 29,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was bought at an average price of $8.34 per share, for a total transaction of $241,860.00. Following the completion of the acquisition, the chief executive officer directly owned 54,000 shares in the company, valued at $450,360. The trade was a 116.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Several institutional investors have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of Arbor Realty Trust in the second quarter worth $447,944,000. Marshall Wace LLP purchased a new position in Arbor Realty Trust in the second quarter worth about $26,358,000. Balyasny Asset Management L.P. bought a new stake in shares of Arbor Realty Trust during the 2nd quarter valued at about $21,534,000. Wasatch Advisors LP increased its position in shares of Arbor Realty Trust by 19.2% during the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock valued at $49,541,000 after purchasing an additional 654,583 shares during the last quarter. Finally, Azora Capital LP purchased a new stake in shares of Arbor Realty Trust during the 3rd quarter valued at about $7,897,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

About Arbor Realty Trust

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.