Keefe, Bruyette & Woods Lowers Arbor Realty Trust (NYSE:ABR) Price Target to $6.50

Arbor Realty Trust (NYSE:ABR) had its price objective cut by investment analysts at Keefe, Bruyette & Woods from $7.50 to $6.50 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “underperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective points to a potential downside of 0.54% from the stock’s previous close.

ABR has been the subject of several other research reports. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings cut Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. Citizens Jmp reduced their target price on Arbor Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a research note on Thursday, April 2nd. Finally, Wall Street Zen lowered Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Arbor Realty Trust currently has an average rating of “Reduce” and a consensus target price of $8.63.

Arbor Realty Trust Stock Performance

ABR stock traded down $0.13 during midday trading on Tuesday, hitting $6.54. 1,803,624 shares of the stock traded hands, compared to its average volume of 3,842,819. The firm has a market cap of $1.26 billion, a P/E ratio of 16.86 and a beta of 1.24. The company has a debt-to-equity ratio of 2.71, a current ratio of 428.41 and a quick ratio of 394.59. The stock’s fifty day simple moving average is $7.83 and its 200-day simple moving average is $8.27. Arbor Realty Trust has a 1-year low of $6.48 and a 1-year high of $12.57.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%.The firm had revenue of $119.67 million during the quarter, compared to analyst estimates of $109.86 million. On average, analysts expect that Arbor Realty Trust will post 0.77 earnings per share for the current year.

Institutional Investors Weigh In On Arbor Realty Trust

Several large investors have recently bought and sold shares of ABR. Royal Bank of Canada raised its holdings in shares of Arbor Realty Trust by 3.5% during the first quarter. Royal Bank of Canada now owns 132,181 shares of the real estate investment trust’s stock valued at $1,553,000 after acquiring an additional 4,470 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Arbor Realty Trust by 25,163.2% in the first quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 4,781 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Arbor Realty Trust during the first quarter worth approximately $145,000. Focus Partners Wealth acquired a new position in Arbor Realty Trust in the 1st quarter valued at $161,000. Finally, Russell Investments Group Ltd. raised its stake in Arbor Realty Trust by 61.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,705 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,782 shares during the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

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.