JPMorgan Chase & Co. Trims Arbor Realty Trust (NYSE:ABR) Target Price to $12.00

Arbor Realty Trust (NYSE:ABR) had its target price decreased by JPMorgan Chase & Co. from $12.50 to $12.00 in a research note released on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently weighed in on the stock. Wedbush reiterated an outperform rating and set a $17.00 price objective on shares of Arbor Realty Trust in a research report on Tuesday, February 20th. Keefe, Bruyette & Woods decreased their price objective on shares of Arbor Realty Trust from $14.50 to $13.50 and set a market perform rating for the company in a research report on Wednesday, February 21st. TheStreet upgraded shares of Arbor Realty Trust from a d+ rating to a c rating in a research report on Monday, March 18th. Finally, JMP Securities reduced their price target on shares of Arbor Realty Trust from $19.00 to $17.00 and set a market outperform rating for the company in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $15.38.

Arbor Realty Trust Price Performance

ABR stock opened at $12.34 on Wednesday. The company has a fifty day moving average price of $12.93 and a 200-day moving average price of $13.62. The company has a market capitalization of $2.33 billion, a P/E ratio of 7.01 and a beta of 1.97. Arbor Realty Trust has a 52-week low of $10.10 and a 52-week high of $17.74. The company has a debt-to-equity ratio of 3.21, a quick ratio of 36.02 and a current ratio of 36.02.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 13.94%. The ex-dividend date was Friday, March 1st. Arbor Realty Trust’s payout ratio is 97.73%.

Insiders Place Their Bets

In other Arbor Realty Trust news, Director William C. Green acquired 10,209 shares of Arbor Realty Trust stock in a transaction dated Monday, March 18th. The stock was purchased at an average cost of $12.93 per share, for a total transaction of $132,002.37. Following the completion of the acquisition, the director now directly owns 162,809 shares of the company’s stock, valued at $2,105,120.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Financial Freedom LLC acquired a new position in shares of Arbor Realty Trust during the fourth quarter valued at about $27,000. State of Wyoming bought a new position in shares of Arbor Realty Trust during the fourth quarter valued at about $27,000. Money Concepts Capital Corp bought a new position in shares of Arbor Realty Trust during the fourth quarter valued at about $32,000. Cape Investment Advisory Inc. lifted its position in shares of Arbor Realty Trust by 671.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 2,015 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in shares of Arbor Realty Trust during the fourth quarter valued at about $35,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

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.