Arbor Realty Trust (NYSE:ABR) Stock Rating Upgraded by JPMorgan Chase & Co.

Arbor Realty Trust (NYSE:ABR) was upgraded by stock analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm presently has a $5.50 target price on the real estate investment trust’s stock, down from their previous target price of $7.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 6.49% from the company’s previous close.

A number of other analysts have also weighed in on ABR. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Citizens Jmp dropped their target price on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a research note on Thursday, May 14th. Keefe, Bruyette & Woods cut their price target on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a report on Tuesday, May 12th. Piper Sandler cut their price target on shares of Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating on the stock in a report on Thursday, July 2nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Arbor Realty Trust in a research report on Friday, May 22nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $6.50.

Arbor Realty Trust Trading Up 0.3%

NYSE ABR opened at $5.17 on Friday. Arbor Realty Trust has a 12 month low of $4.86 and a 12 month high of $12.57. The stock has a market cap of $993.54 million, a P/E ratio of 13.24 and a beta of 1.15. The stock’s fifty day moving average price is $5.37 and its 200-day moving average price is $6.95. The company has a current ratio of 428.41, a quick ratio of 428.41 and a debt-to-equity ratio of 2.71.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.09). The company had revenue of $119.67 million for the quarter, compared to the consensus estimate of $109.86 million. Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. As a group, equities analysts forecast that Arbor Realty Trust will post 0.32 EPS for the current fiscal year.

Insider Activity at Arbor Realty Trust

In related news, insider David Erwin Friedman sold 7,685 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $6.87, for a total transaction of $52,795.95. Following the completion of the sale, the insider owned 59,638 shares in the company, valued at approximately $409,713.06. This represents a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. purchased a new stake in shares of Arbor Realty Trust during the 1st quarter valued at about $29,000. Smartleaf Asset Management LLC boosted its holdings in shares of Arbor Realty Trust by 73.5% in the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,175 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Arbor Realty Trust in the fourth quarter worth approximately $39,000. Garton & Associates Financial Advisors LLC bought a new stake in Arbor Realty Trust during the fourth quarter valued at approximately $42,000. Finally, Quantbot Technologies LP bought a new stake in Arbor Realty Trust during the second quarter valued at approximately $46,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

About Arbor Realty Trust

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.