Zacks Research Downgrades Arbor Realty Trust (NYSE:ABR) to Strong Sell

Arbor Realty Trust (NYSE:ABR) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

Several other analysts also recently commented on ABR. Piper Sandler lowered their target price on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, December 22nd. Weiss Ratings raised shares of Arbor Realty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. JPMorgan Chase & Co. dropped their target price on shares of Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Thursday, December 4th. Keefe, Bruyette & Woods reduced their target price on Arbor Realty Trust from $8.50 to $7.50 and set an “underperform” rating for the company in a report on Thursday, January 8th. Finally, Wall Street Zen downgraded Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $9.38.

Arbor Realty Trust Stock Up 1.0%

NYSE ABR traded up $0.08 during trading hours on Monday, hitting $7.83. The company’s stock had a trading volume of 544,680 shares, compared to its average volume of 3,250,122. The company has a current ratio of 287.79, a quick ratio of 287.79 and a debt-to-equity ratio of 2.51. The company’s 50-day simple moving average is $8.49 and its two-hundred day simple moving average is $10.52. The company has a market capitalization of $1.53 billion, a PE ratio of 9.78 and a beta of 1.39. Arbor Realty Trust has a 52 week low of $7.58 and a 52 week high of $14.33.

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

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, CEO Ivan Kaufman bought 29,000 shares of Arbor Realty Trust stock in a transaction dated Monday, November 17th. The stock was purchased at an average price of $8.34 per share, for a total transaction of $241,860.00. Following the completion of the purchase, the chief executive officer directly owned 54,000 shares of the company’s stock, valued at approximately $450,360. This trade represents a 116.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

Several institutional investors have recently made changes to their positions in ABR. Atlantic Union Bankshares Corp purchased a new position in shares of Arbor Realty Trust in the second quarter valued at $27,000. HM Payson & Co. purchased a new position in Arbor Realty Trust during the 3rd quarter valued at about $31,000. Allworth Financial LP lifted its holdings in shares of Arbor Realty Trust by 77.8% in the second quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,130 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Arbor Realty Trust by 73.5% in the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,175 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Arbor Realty Trust during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

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.