Arbor Realty Trust (NYSE:ABR) Given Underperform Rating at Keefe, Bruyette & Woods

Arbor Realty Trust (NYSE:ABR)‘s stock had its “underperform” rating reissued by stock analysts at Keefe, Bruyette & Woods in a research note issued on Monday,Benzinga reports. They presently have a $8.50 price target on the real estate investment trust’s stock, down from their previous price target of $11.00. Keefe, Bruyette & Woods’ price objective indicates a potential downside of 4.12% from the stock’s current price.

ABR has been the topic of a number of other research reports. Piper Sandler set a $10.00 price objective on shares of Arbor Realty Trust and gave the company an “underweight” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. decreased their price target on Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Thursday, December 4th. JMP Securities lowered their price target on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Arbor Realty Trust in a research note on Monday, December 8th. Finally, Wall Street Zen cut Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $10.13.

Arbor Realty Trust Stock Performance

ABR stock opened at $8.87 on Monday. The company has a 50-day simple moving average of $10.07 and a 200 day simple moving average of $10.87. The company has a market capitalization of $1.73 billion, a P/E ratio of 11.08 and a beta of 1.38. The company has a quick ratio of 287.79, a current ratio of 287.79 and a debt-to-equity ratio of 2.51. Arbor Realty Trust has a fifty-two week low of $8.18 and a fifty-two week high of $14.55.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, October 31st. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.28 by $0.07. Arbor Realty Trust had a net margin of 20.07% and a return on equity of 11.63%. The firm had revenue of $162.49 million for the quarter, compared to analysts’ expectations of $72.26 million. Sell-side analysts predict that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Insider Activity at Arbor Realty Trust

In related news, CEO Ivan Kaufman bought 29,000 shares of Arbor Realty Trust stock in a transaction dated Monday, November 17th. The stock was acquired at an average cost of $8.34 per share, with a total value of $241,860.00. Following the completion of the acquisition, the chief executive officer directly owned 54,000 shares in the company, valued at approximately $450,360. This trade represents a 116.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Arbor Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of ABR. Kingstone Capital Partners Texas LLC acquired a new position in shares of Arbor Realty Trust in the second quarter worth about $447,944,000. State Street Corp raised its holdings in shares of Arbor Realty Trust by 0.7% during the second quarter. State Street Corp now owns 7,337,449 shares of the real estate investment trust’s stock valued at $78,511,000 after acquiring an additional 54,482 shares during the period. Geode Capital Management LLC lifted its position in shares of Arbor Realty Trust by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 4,557,182 shares of the real estate investment trust’s stock valued at $48,769,000 after acquiring an additional 131,747 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of Arbor Realty Trust by 19.2% in the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock valued at $49,541,000 after acquiring an additional 654,583 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Arbor Realty Trust by 22.2% in the 3rd quarter. Marshall Wace LLP now owns 3,009,669 shares of the real estate investment trust’s stock worth $36,748,000 after purchasing an additional 546,274 shares during the period. Institutional investors and hedge funds own 57.25% of the company’s stock.

About Arbor Realty Trust

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates through Structured Business and Agency Business segments. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities.