JPMorgan Chase & Co. Cuts Arbor Realty Trust (NYSE:ABR) Price Target to $9.00

Arbor Realty Trust (NYSE:ABR) had its price target reduced by JPMorgan Chase & Co. from $10.00 to $9.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

Several other equities analysts have also commented on the stock. JMP Securities decreased their price objective on shares of Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 19th. Keefe, Bruyette & Woods cut their target price on Arbor Realty Trust from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Wall Street Zen cut Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Finally, Piper Sandler set a $10.00 price objective on Arbor Realty Trust and gave the company an “underweight” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $10.75.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $8.85 on Thursday. The stock has a fifty day simple moving average of $10.40 and a 200-day simple moving average of $10.88. The company has a current ratio of 287.79, a quick ratio of 287.79 and a debt-to-equity ratio of 2.51. The stock has a market cap of $1.73 billion, a PE ratio of 11.06 and a beta of 1.38. Arbor Realty Trust has a twelve month low of $8.18 and a twelve month high of $14.55.

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

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 13.6%. Arbor Realty Trust’s dividend payout ratio is currently 150.00%.

Insider Activity

In related news, CEO Ivan Kaufman acquired 29,000 shares of Arbor Realty Trust stock in a transaction dated Monday, November 17th. The shares were acquired at an average cost of $8.34 per share, for a total transaction of $241,860.00. Following the completion of the purchase, the chief executive officer owned 54,000 shares in the company, valued at approximately $450,360. The trade was a 116.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

Several large investors have recently bought and sold shares of ABR. Advisors Asset Management Inc. boosted its stake in Arbor Realty Trust by 72.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 564,323 shares of the real estate investment trust’s stock valued at $6,038,000 after purchasing an additional 236,514 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Arbor Realty Trust by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 4,557,182 shares of the real estate investment trust’s stock worth $48,769,000 after buying an additional 131,747 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Arbor Realty Trust by 37.8% in the second quarter. Penserra Capital Management LLC now owns 130,887 shares of the real estate investment trust’s stock valued at $1,400,000 after buying an additional 35,918 shares during the period. Melia Wealth LLC boosted its stake in Arbor Realty Trust by 14.5% during the second quarter. Melia Wealth LLC now owns 889,303 shares of the real estate investment trust’s stock valued at $9,516,000 after buying an additional 112,763 shares in the last quarter. Finally, Strs Ohio bought a new position in Arbor Realty Trust during the first quarter valued at about $404,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

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.