Arbor Realty Trust (ABR) Downgraded by Zacks Investment Research to Hold
Arbor Realty Trust (NYSE:ABR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Arbor Realty Trust is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. “
Several other equities research analysts also recently issued reports on the company. JMP Securities raised their price target on Arbor Realty Trust from $7.50 to $8.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 23rd. Keefe, Bruyette & Woods raised their price target on Arbor Realty Trust from $7.00 to $8.00 and gave the company a “market perform” rating in a research report on Tuesday, August 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$8.25.
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Arbor Realty Trust (NYSE:ABR) traded down 0.27% during trading on Tuesday, hitting $7.34. The stock had a trading volume of 53,036 shares. The stock has a 50-day moving average price of $7.53 and a 200-day moving average price of $7.13. The company has a market cap of $377.14 million, a PE ratio of 11.84 and a beta of 0.49. Arbor Realty Trust has a 52 week low of $6.01 and a 52 week high of $7.99.
Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, August 5th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.16. Arbor Realty Trust had a net margin of 36.72% and a return on equity of 8.27%. Equities analysts predict that Arbor Realty Trust will post $0.70 EPS for the current year.
In related news, Director Karen K. Edwards bought 7,510 shares of Arbor Realty Trust stock in a transaction that occurred on Wednesday, August 31st. The stock was acquired at an average price of C$7.81 per share, for a total transaction of C$58,653.10. Following the completion of the purchase, the director now owns 75,000 shares in the company, valued at C$585,750. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.30% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in ABR. JPMorgan Chase & Co. bought a new stake in Arbor Realty Trust during the second quarter valued at $107,000. BlackRock Advisors LLC boosted its stake in Arbor Realty Trust by 6.6% in the second quarter. BlackRock Advisors LLC now owns 19,082 shares of the company’s stock valued at $137,000 after buying an additional 1,184 shares during the last quarter. Nationwide Fund Advisors bought a new stake in Arbor Realty Trust during the second quarter valued at $149,000. LMR Partners LLP bought a new stake in Arbor Realty Trust during the second quarter valued at $184,000. Finally, Emerald Acquisition Ltd. bought a new stake in Arbor Realty Trust during the second quarter valued at $330,000. Institutional investors and hedge funds own 40.78% of the company’s stock.
Arbor Realty Trust Company Profile
Arbor Realty Trust, Inc is a specialized real estate finance company that invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The Company operates in the portfolio segment of commercial mortgage loans and investments. The Company invests primarily in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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