Citizens Jmp Has Lowered Expectations for Arbor Realty Trust (NYSE:ABR) Stock Price

Arbor Realty Trust (NYSE:ABR) had its price objective cut by stock analysts at Citizens Jmp from $9.50 to $8.50 in a research report issued on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the real estate investment trust’s stock. Citizens Jmp’s price target would indicate a potential upside of 46.68% from the stock’s current price.

Several other brokerages have also recently commented on ABR. Weiss Ratings cut shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Wall Street Zen lowered shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $8.00.

Arbor Realty Trust Trading Down 1.4%

Shares of Arbor Realty Trust stock traded down $0.09 on Thursday, reaching $5.80. 858,843 shares of the company were exchanged, compared to its average volume of 3,972,803. Arbor Realty Trust has a fifty-two week low of $5.69 and a fifty-two week high of $12.57. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 14.86 and a beta of 1.24. The company has a current ratio of 428.41, a quick ratio of 394.59 and a debt-to-equity ratio of 2.71. The stock has a fifty day moving average price of $7.74 and a 200-day moving average price of $8.19.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results 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). The company had revenue of $119.67 million during the quarter, compared to analyst estimates of $109.86 million. Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. On average, analysts expect that Arbor Realty Trust will post 0.77 EPS for the current year.

Insider Activity

In related news, insider David Erwin Friedman sold 7,685 shares of the firm’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 transaction of $52,795.95. Following the completion of the sale, the insider directly owned 59,638 shares in the company, valued at approximately $409,713.06. This trade represents a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ABR. First Trust Advisors LP lifted its position in Arbor Realty Trust by 124.9% in the 1st quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust’s stock worth $4,246,000 after buying an additional 305,844 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Arbor Realty Trust by 57.8% in the first quarter. PNC Financial Services Group Inc. now owns 15,654 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 5,734 shares during the last quarter. Swiss National Bank increased its stake in shares of Arbor Realty Trust by 2.1% in the first quarter. Swiss National Bank now owns 387,251 shares of the real estate investment trust’s stock worth $2,986,000 after acquiring an additional 8,100 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of Arbor Realty Trust during the first quarter worth $29,000. Finally, SteelPeak Wealth LLC acquired a new stake in Arbor Realty Trust during the first quarter valued at $168,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

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.