Brokerages Set Arbor Realty Trust (NYSE:ABR) PT at $12.00

Shares of Arbor Realty Trust (NYSE:ABR) have earned a consensus rating of “Reduce” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $12.00.

A number of brokerages have recently issued reports on ABR. Wall Street Zen downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Weiss Ratings restated a “hold (c)” rating on shares of Arbor Realty Trust in a research report on Tuesday, October 14th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. JMP Securities dropped their target price on shares of 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company an “underweight” rating in a research report on Monday, October 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC lifted its position in shares of Arbor Realty Trust by 6.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 17,527 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 1,130 shares during the period. Covestor Ltd lifted its position in shares of Arbor Realty Trust by 28.5% during the 3rd quarter. Covestor Ltd now owns 13,538 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 2,999 shares during the period. Samalin Investment Counsel LLC acquired a new position in shares of Arbor Realty Trust during the 3rd quarter valued at $164,000. Amalgamated Bank lifted its position in shares of Arbor Realty Trust by 1.9% during the 3rd quarter. Amalgamated Bank now owns 55,643 shares of the real estate investment trust’s stock valued at $679,000 after acquiring an additional 1,062 shares during the period. Finally, Concurrent Investment Advisors LLC raised its holdings in Arbor Realty Trust by 102.5% during the third quarter. Concurrent Investment Advisors LLC now owns 115,700 shares of the real estate investment trust’s stock worth $1,413,000 after buying an additional 58,560 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Stock Down 12.8%

Shares of NYSE ABR opened at $10.08 on Tuesday. The company has a market capitalization of $1.94 billion, a P/E ratio of 11.07 and a beta of 1.37. Arbor Realty Trust has a 52-week low of $8.43 and a 52-week high of $15.76. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37. The company’s 50 day moving average price is $11.83 and its 200-day moving average price is $11.20.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The firm had revenue of $27.44 million during the quarter, compared to analyst estimates of $76.99 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. Equities analysts forecast that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date is Friday, November 14th. Arbor Realty Trust’s payout ratio is presently 131.87%.

Arbor Realty Trust Company Profile

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.