Brokerages Set Arbor Realty Trust (NYSE:ABR) Price Target at $7.38

Shares of Arbor Realty Trust (NYSE:ABR) have been assigned an average recommendation of “Reduce” from the six ratings firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $7.3750.

Several research analysts have recently issued reports on ABR shares. Keefe, Bruyette & Woods reduced their price target on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a research report on Tuesday, May 12th. Citizens Jmp cut their target price on 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. Weiss Ratings restated a “sell (d+)” rating on shares of Arbor Realty Trust in a report on Friday, May 22nd. Piper Sandler decreased their target price on Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating for the company in a research report on Thursday, July 2nd. Finally, Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th.

Insider Buying and Selling

In other Arbor Realty Trust news, insider David Erwin Friedman sold 7,685 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $6.87, for a total value of $52,795.95. Following the completion of the sale, the insider owned 59,638 shares of the company’s stock, valued at approximately $409,713.06. This represents a 11.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in Arbor Realty Trust during the 1st quarter worth $29,000. Smartleaf Asset Management LLC increased 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 acquiring an additional 1,175 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Arbor Realty Trust in the fourth quarter worth about $39,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Arbor Realty Trust during the fourth quarter worth about $42,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Arbor Realty Trust during the second quarter worth about $46,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Trading Up 0.9%

Shares of NYSE ABR opened at $4.96 on Friday. The company’s 50 day simple moving average is $5.71 and its 200 day simple moving average is $7.07. Arbor Realty Trust has a fifty-two week low of $4.86 and a fifty-two week high of $12.57. The firm has a market capitalization of $955.07 million, a P/E ratio of 12.73 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a current ratio of 428.41 and a quick ratio of 428.41.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, May 8th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The business had revenue of $119.67 million for the quarter, compared to analyst estimates of $109.86 million. Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%. On average, analysts predict that Arbor Realty Trust will post 0.32 EPS for the current year.

Arbor Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a dividend of $0.17 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 13.7%. Arbor Realty Trust’s payout ratio is currently 174.36%.

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.