Keefe, Bruyette & Woods Reiterates Underperform Rating for Arbor Realty Trust (NYSE:ABR)

Arbor Realty Trust (NYSE:ABR)‘s stock had its “underperform” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a note issued to investors on Monday, MarketBeat.com reports. They currently have a $8.50 price objective on the real estate investment trust’s stock, down from their prior price objective of $11.00. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 1.61% from the stock’s previous close.

ABR has been the topic of several other research reports. JPMorgan Chase & Co. dropped their target price on Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Thursday, December 4th. Piper Sandler set a $10.00 price objective on Arbor Realty Trust and gave the company an “underweight” rating in a research note on Monday, November 3rd. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. JMP Securities decreased their price target on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 19th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Arbor Realty Trust in a report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Arbor Realty Trust presently has a consensus rating of “Reduce” and an average price target of $10.13.

Arbor Realty Trust Price Performance

Shares of NYSE:ABR opened at $8.37 on Monday. The firm has a market capitalization of $1.64 billion, a PE ratio of 10.46 and a beta of 1.38. The company has a quick ratio of 287.79, a current ratio of 287.79 and a debt-to-equity ratio of 2.51. The company has a 50-day moving average price of $9.92 and a two-hundred day moving average price of $10.85. Arbor Realty Trust has a twelve month low of $8.18 and a twelve month high of $14.52.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results 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 company 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 forecast that Arbor Realty Trust will post 1.65 EPS for the current year.

Insider Buying and Selling

In related news, CEO Ivan Kaufman purchased 29,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was acquired at an average price of $8.34 per share, with a total value of $241,860.00. Following the purchase, the chief executive officer directly owned 54,000 shares in the company, valued at approximately $450,360. This represents a 116.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. raised its holdings 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 buying an additional 236,514 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Arbor Realty Trust by 3.0% in the second quarter. Geode Capital Management LLC now owns 4,557,182 shares of the real estate investment trust’s stock valued at $48,769,000 after acquiring an additional 131,747 shares during the period. Penserra Capital Management LLC raised its stake in shares of Arbor Realty Trust by 37.8% during 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 acquiring an additional 35,918 shares during the last quarter. Norges Bank purchased a new stake in shares of Arbor Realty Trust during the second quarter worth about $1,725,000. Finally, Marshall Wace LLP bought a new stake in shares of Arbor Realty Trust in the second quarter worth about $26,358,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

About Arbor Realty Trust

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.