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

Arbor Realty Trust (NYSE:ABR) had its price target lowered by equities researchers at Keefe, Bruyette & Woods from $5.00 to $3.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “underperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 3.38% from the company’s current price.

A number of other equities analysts also recently commented on ABR. Citizens Jmp reiterated a “market perform” rating on shares of Arbor Realty Trust in a research note on Tuesday, September 29th. Weiss Ratings downgraded Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Piper Sandler cut their price objective on shares of Arbor Realty Trust from $5.00 to $3.50 and set an “underweight” rating on the stock in a report on Friday. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Finally, JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $5.50 in a report on Friday, July 17th. Three equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $5.12.

Arbor Realty Trust Stock Down 6.1%

ABR stock traded down $0.19 during mid-day trading on Friday, reaching $2.90. The company had a trading volume of 8,483,638 shares, compared to its average volume of 4,292,414. Arbor Realty Trust has a fifty-two week low of $2.78 and a fifty-two week high of $12.18. The company has a market capitalization of $541.40 million, a price-to-earnings ratio of 41.79 and a beta of 1.22. The company has a debt-to-equity ratio of 2.33, a quick ratio of 478.85 and a current ratio of 478.85. The firm has a fifty day simple moving average of $4.70 and a 200 day simple moving average of $5.66.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. The firm had revenue of $117.83 million for the quarter, compared to analysts’ expectations of $107.75 million. Analysts forecast that Arbor Realty Trust will post 0.23 earnings per share for the current fiscal year.

Insider Activity

In other Arbor Realty Trust news, Director William Green bought 25,951 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were acquired at an average cost of $5.07 per share, with a total value of $131,571.57. Following the acquisition, the director directly owned 231,369 shares of the company’s stock, valued at $1,173,040.83. The trade was a 12.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Arbor Realty Trust

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Arbor Realty Trust during the 2nd quarter valued at approximately $143,448,000. Bank of New York Mellon Corp acquired a new position in shares of Arbor Realty Trust in the second quarter valued at approximately $7,702,000. Principal Financial Group Inc. increased its holdings in shares of Arbor Realty Trust by 2.0% in the first quarter. Principal Financial Group Inc. now owns 951,200 shares of the real estate investment trust’s stock valued at $7,334,000 after purchasing an additional 18,529 shares during the period. First Trust Advisors LP raised its stake in shares of Arbor Realty Trust by 124.9% during the first quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust’s stock worth $4,246,000 after purchasing an additional 305,844 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of 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 worth $3,749,000 after purchasing an additional 58,372 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

About Arbor Realty Trust

Arbor Realty Trust, Inc is a real estate investment trust that provides financing for multifamily and other commercial real estate properties. The company originates, acquires, and invests in a range of structured finance products, including bridge loans, mezzanine loans, preferred equity investments, and other real estate-related debt investments.

Through its lending platforms and subsidiaries, Arbor Realty Trust also provides agency lending services for multifamily properties. These activities include originating and servicing loans through programs associated with Fannie Mae, Freddie Mac, and the U.S.