Wedbush Reaffirms Neutral Rating for Arbor Realty Trust (NYSE:ABR)

Wedbush reiterated their neutral rating on shares of Arbor Realty Trust (NYSE:ABR) in a research note issued to investors on Thursday morning, Marketbeat reports. They currently have a $13.00 price target on the real estate investment trust’s stock, down from their previous price target of $17.00.

Several other equities analysts have also issued reports on the stock. TheStreet raised shares of Arbor Realty Trust from a d+ rating to a c rating in a report on Monday, March 18th. Keefe, Bruyette & Woods decreased their price target on shares of Arbor Realty Trust from $13.50 to $13.25 and set a market perform rating for the company in a report on Wednesday. JMP Securities decreased 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of Arbor Realty Trust from $12.50 to $12.00 and set an underweight rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $14.71.

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock opened at $12.42 on Thursday. The firm has a fifty day moving average of $12.91 and a two-hundred day moving average of $13.61. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 7.06 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 announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 13.85%. The ex-dividend date was Friday, March 1st. Arbor Realty Trust’s payout ratio is presently 97.73%.

Insider Buying and Selling

In related news, Director William C. Green bought 10,209 shares of Arbor Realty Trust stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average cost of $12.93 per share, with a total value of $132,002.37. Following the purchase, the director now owns 162,809 shares in the company, valued at $2,105,120.37. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

A number of large investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. boosted its stake in shares of Arbor Realty Trust by 70.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 34,225 shares of the real estate investment trust’s stock worth $520,000 after buying an additional 14,167 shares during the last quarter. Quadrature Capital Ltd boosted its stake in shares of Arbor Realty Trust by 254.7% during the 4th quarter. Quadrature Capital Ltd now owns 45,500 shares of the real estate investment trust’s stock worth $690,000 after buying an additional 32,673 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Arbor Realty Trust by 16.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,131 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 1,010 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Arbor Realty Trust by 38.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 21,866 shares of the real estate investment trust’s stock worth $332,000 after buying an additional 6,037 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Arbor Realty Trust by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock worth $286,612,000 after buying an additional 235,364 shares during the last quarter. 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.