Brokerages Set Arbor Realty Trust (NYSE:ABR) Target Price at $9.50

Arbor Realty Trust (NYSE:ABR) has earned an average recommendation of “Strong Sell” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $9.50.

Several analysts have issued reports on the company. Zacks Research lowered Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 25th. Keefe, Bruyette & Woods lifted their target price on Arbor Realty Trust from $7.50 to $8.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 4th. Piper Sandler dropped their price target on Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, December 22nd. Wall Street Zen downgraded Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday, December 4th.

Arbor Realty Trust Stock Up 4.8%

Shares of ABR stock opened at $7.71 on Friday. Arbor Realty Trust has a 52-week low of $7.11 and a 52-week high of $12.57. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 14.01 and a beta of 1.36. The firm’s 50-day moving average is $7.76 and its 200-day moving average is $9.06. The company has a debt-to-equity ratio of 2.41, a quick ratio of 394.59 and a current ratio of 394.59.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date was Tuesday, March 10th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 218.18%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its holdings in Arbor Realty Trust by 73.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,175 shares during the period. HM Payson & Co. bought a new stake in shares of Arbor Realty Trust during the third quarter worth approximately $31,000. Bayforest Capital Ltd bought a new stake in shares of Arbor Realty Trust during the fourth quarter worth approximately $39,000. Rothschild Investment LLC grew its position in shares of Arbor Realty Trust by 1,264.6% in the third quarter. Rothschild Investment LLC now owns 3,275 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 3,035 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of Arbor Realty Trust in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

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.