Arbor Realty Trust (ABR) Downgraded by Zacks Investment Research to Hold
Arbor Realty Trust (NYSE:ABR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Arbor Realty Trust is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. “
Several other research analysts have also recently commented on ABR. Keefe, Bruyette & Woods boosted their price target on Arbor Realty Trust from $7.00 to $8.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 16th. JMP Securities upped their price objective on Arbor Realty Trust from $7.50 to $8.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$8.25.
Arbor Realty Trust (NYSE:ABR) traded down 0.27% during mid-day trading on Tuesday, hitting $7.34. The stock had a trading volume of 53,036 shares. Arbor Realty Trust has a 12-month low of $6.01 and a 12-month high of $7.99. The company has a 50-day moving average of $7.53 and a 200-day moving average of $7.13. The stock has a market cap of $377.14 million, a price-to-earnings ratio of 11.84 and a beta of 0.49.
Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, August 5th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.16. Arbor Realty Trust had a return on equity of 8.27% and a net margin of 36.72%. On average, analysts anticipate that Arbor Realty Trust will post $0.70 earnings per share for the current fiscal year.
In other news, Director Karen K. Edwards acquired 7,510 shares of the business’s stock in a transaction on Wednesday, August 31st. The shares were purchased at an average price of C$7.81 per share, for a total transaction of C$58,653.10. Following the completion of the purchase, the director now directly owns 75,000 shares of the company’s stock, valued at approximately C$585,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 15.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new position in Arbor Realty Trust during the second quarter valued at approximately $107,000. BlackRock Advisors LLC raised its position in Arbor Realty Trust by 6.6% in the second quarter. BlackRock Advisors LLC now owns 19,082 shares of the company’s stock valued at $137,000 after buying an additional 1,184 shares during the period. Nationwide Fund Advisors bought a new position in Arbor Realty Trust during the second quarter valued at approximately $149,000. LMR Partners LLP bought a new position in Arbor Realty Trust during the second quarter valued at approximately $184,000. Finally, Emerald Acquisition Ltd. bought a new position in Arbor Realty Trust during the second quarter valued at approximately $330,000. Hedge funds and other institutional investors own 40.78% of the company’s stock.
Arbor Realty Trust Company Profile
Arbor Realty Trust, Inc is a specialized real estate finance company that invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The Company operates in the portfolio segment of commercial mortgage loans and investments. The Company invests primarily in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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