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

Shares of Arbor Realty Trust (NYSE:ABR) have earned an average recommendation of “Reduce” from the six research firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $6.50.

ABR has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Arbor Realty Trust in a research note on Friday, May 22nd. Zacks Research downgraded shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Citizens Jmp cut their target price on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research note on Thursday, May 14th. Keefe, Bruyette & Woods cut their target price on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a research note on Tuesday, May 12th. Finally, 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 note on Thursday, July 2nd.

Arbor Realty Trust Price Performance

Shares of ABR stock traded down $0.15 on Thursday, hitting $4.92. 469,905 shares of the stock traded hands, compared to its average volume of 4,033,532. 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 has a 52 week low of $4.86 and a 52 week high of $12.57. The firm has a 50 day simple moving average of $5.23 and a two-hundred day simple moving average of $6.79. The firm has a market cap of $947.38 million, a price-to-earnings ratio of 12.65 and a beta of 1.15.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share (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 business had revenue of $119.67 million during the quarter, compared to analysts’ expectations of $109.86 million. As a group, equities research analysts predict that Arbor Realty Trust will post 0.25 earnings per share for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend was Friday, May 22nd. Arbor Realty Trust’s payout ratio is 174.36%.

Insider Activity at Arbor Realty Trust

In related news, insider David Erwin Friedman sold 7,685 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $6.87, for a total transaction of $52,795.95. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. bought a new stake in Arbor Realty Trust during the 1st quarter valued at about $29,000. Smartleaf Asset Management LLC increased its position in shares of Arbor Realty Trust by 73.5% during 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 during the period. Bayforest Capital Ltd bought a new stake in shares of Arbor Realty Trust during the fourth quarter valued at approximately $39,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Arbor Realty Trust in the fourth quarter valued at approximately $42,000. Finally, Quantbot Technologies LP bought a new position in shares of Arbor Realty Trust during the 2nd quarter worth $46,000. 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.