Arbor Realty Trust (ABR) Stock Rating Lowered by Zacks Investment Research
Arbor Realty Trust (NYSE:ABR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors 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. “
A number of other research firms also recently issued reports on ABR. JMP Securities raised their price target on shares of Arbor Realty Trust from $7.50 to $8.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 23rd. Keefe, Bruyette & Woods raised their price target on shares of Arbor Realty Trust from $7.00 to $8.00 and gave the stock 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 stock. The stock has an average rating of “Hold” and a consensus target price of C$8.25.
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Shares of Arbor Realty Trust (NYSE:ABR) traded down 0.27% during mid-day trading on Tuesday, hitting $7.34. 53,036 shares of the company’s stock traded hands. Arbor Realty Trust has a 1-year low of $6.01 and a 1-year high of $7.99. The stock has a market cap of $377.14 million, a P/E ratio of 11.84 and a beta of 0.49. The stock has a 50 day moving average price of $7.52 and a 200-day moving average price of $7.14.
Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ 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 research analysts anticipate that Arbor Realty Trust will post $0.70 EPS for the current fiscal year.
In other news, Director Karen K. Edwards acquired 7,510 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The shares were acquired at an average price of C$7.81 per share, with a total value of C$58,653.10. Following the acquisition, the director now directly owns 75,000 shares in the company, valued at C$585,750. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 15.30% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Arbor Realty Trust during the second quarter worth $107,000. BlackRock Advisors LLC boosted its position 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 position in Arbor Realty Trust during the second quarter valued at approximately $149,000. LMR Partners LLP bought a new position in Arbor Realty Trust during the second quarter valued at approximately $184,000. Finally, Emerald Acquisition Ltd. bought a new position in Arbor Realty Trust during the second quarter valued at approximately $330,000. 40.78% of the stock is currently owned by institutional investors and hedge funds.
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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