Arbor Realty Trust (NYSE:ABR) Price Target Lowered to $5.00 at Keefe, Bruyette & Woods

Arbor Realty Trust (NYSE:ABR) had its price objective cut by analysts at Keefe, Bruyette & Woods from $5.50 to $5.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “underperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential downside of 0.42% from the company’s current price.

ABR has been the subject of a number of other research reports. Zacks Research lowered Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. upgraded Arbor Realty Trust from an “underweight” rating to a “neutral” rating and cut their price target for the company from $7.00 to $5.50 in a research note on Friday, July 17th. Piper Sandler decreased their price target on shares of Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating on the stock in a research report on Thursday, July 2nd. Citizens Jmp reduced their price target on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research report on Thursday, May 14th. Finally, Weiss Ratings cut shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $6.12.

Arbor Realty Trust Stock Performance

NYSE:ABR opened at $5.02 on Monday. Arbor Realty Trust has a twelve month low of $4.73 and a twelve month high of $12.57. The stock has a market cap of $965.84 million, a P/E ratio of 71.73 and a beta of 1.15. The firm’s fifty day simple moving average is $5.19 and its 200 day simple moving average is $6.75. The company has a quick ratio of 428.41, a current ratio of 428.41 and a debt-to-equity ratio of 2.71.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.25%. The firm had revenue of $117.83 million for the quarter, compared to the consensus estimate of $107.75 million. As a group, research analysts predict that Arbor Realty Trust will post 0.25 EPS for the current year.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, insider David Erwin Friedman bought 8,840 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $6.84 per share, for a total transaction of $60,465.60. Following the completion of the transaction, the insider owned 68,478 shares of the company’s stock, valued at $468,389.52. This trade represents a 14.82% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allied Private Wealth LLC bought a new stake in shares of Arbor Realty Trust during the second quarter valued at approximately $62,000. Bank of America Corp DE grew its stake in Arbor Realty Trust by 13.6% during the first quarter. Bank of America Corp DE now owns 486,195 shares of the real estate investment trust’s stock valued at $3,749,000 after acquiring an additional 58,372 shares in the last quarter. Strait & Sound Wealth Management LLC bought a new stake in Arbor Realty Trust in the 1st quarter valued at $1,382,000. Sunbelt Securities Inc. lifted its stake in Arbor Realty Trust by 24.6% in the 1st quarter. Sunbelt Securities Inc. now owns 228,930 shares of the real estate investment trust’s stock worth $1,765,000 after purchasing an additional 45,166 shares in the last quarter. Finally, Amundi bought a new position in shares of Arbor Realty Trust during the 1st quarter valued at about $78,000. 57.25% of the stock is currently owned by 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.