Arbor Realty Trust (NYSE:ABR) Given Average Rating of “Reduce” by Brokerages

Arbor Realty Trust (NYSE:ABR) has received an average recommendation of “Reduce” from the six analysts that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $8.00.

Several analysts recently issued reports on ABR shares. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Citizens Jmp cut their price target on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a report on Thursday. Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. 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. Finally, Keefe, Bruyette & Woods cut their price target on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a report on Tuesday.

Arbor Realty Trust Trading Down 0.4%

NYSE ABR opened at $5.81 on Friday. The company’s fifty day simple moving average is $7.62 and its 200-day simple moving average is $8.13. Arbor Realty Trust has a 52 week low of $5.67 and a 52 week high of $12.57. 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 market cap of $1.12 billion, a P/E ratio of 14.91 and a beta of 1.24.

Arbor Realty Trust (NYSE:ABR) last posted 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). 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 for the quarter, compared to analyst estimates of $109.86 million. Equities research analysts predict that Arbor Realty Trust will post 0.77 EPS for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.68 annualized dividend and a yield of 11.7%. Arbor Realty Trust’s dividend payout ratio is currently 307.69%.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, insider David Erwin Friedman sold 7,685 shares of the stock in a transaction 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 sale, the insider directly 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 available at the SEC website. Company insiders own 3.80% of the company’s stock.

Institutional Trading of Arbor Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings 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 worth $1,553,000 after purchasing an additional 4,470 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Arbor Realty Trust by 25,163.2% during the first quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 4,781 shares during the period. United Services Automobile Association acquired a new stake in shares of Arbor Realty Trust during the first quarter worth $145,000. Focus Partners Wealth acquired a new stake in shares of Arbor Realty Trust during the first quarter worth $161,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Arbor Realty Trust by 61.0% during the second quarter. Russell Investments Group Ltd. now owns 4,705 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,782 shares during the period. 57.25% of the stock is owned by institutional investors and hedge funds.

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.