Keefe, Bruyette & Woods Issues Positive Forecast for Arbor Realty Trust (NYSE:ABR) Stock Price

Arbor Realty Trust (NYSE:ABR) had its price target upped by Keefe, Bruyette & Woods from $11.00 to $11.50 in a research report released on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the real estate investment trust’s stock.

Separately, JPMorgan Chase & Co. dropped their price target on shares of Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating for the company in a research note on Monday, May 5th.

Arbor Realty Trust Trading Up 3.6%

ABR opened at $11.81 on Tuesday. The firm has a market capitalization of $2.27 billion, a P/E ratio of 12.97 and a beta of 1.37. The firm’s 50 day moving average is $10.80 and its 200-day moving average is $11.49. Arbor Realty Trust has a 52-week low of $8.43 and a 52-week high of $15.94. The company has a quick ratio of 36.48, a current ratio of 38.37 and a debt-to-equity ratio of 2.06.

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 company had revenue of $27.44 million during the quarter, compared to the consensus estimate of $76.99 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. Analysts expect that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date is Friday, August 15th. Arbor Realty Trust’s payout ratio is 131.87%.

Insider Activity

In other Arbor Realty Trust news, CEO Ivan Kaufman acquired 60,000 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $8.70 per share, with a total value of $522,000.00. Following the completion of the acquisition, the chief executive officer directly owned 1,989,816 shares in the company, valued at $17,311,399.20. This trade represents a 3.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 210,000 shares of company stock valued at $1,942,000 in the last three months. 3.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC acquired a new position in Arbor Realty Trust in the second quarter worth $447,944,000. Wasatch Advisors LP boosted its holdings in Arbor Realty Trust by 1.0% in the fourth quarter. Wasatch Advisors LP now owns 3,547,158 shares of the real estate investment trust’s stock worth $49,128,000 after purchasing an additional 35,777 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Arbor Realty Trust by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,549,107 shares of the real estate investment trust’s stock worth $29,952,000 after purchasing an additional 56,002 shares during the period. Northern Trust Corp boosted its holdings in Arbor Realty Trust by 10.0% in the fourth quarter. Northern Trust Corp now owns 2,432,509 shares of the real estate investment trust’s stock worth $33,690,000 after purchasing an additional 220,471 shares during the period. Finally, Invesco Ltd. boosted its holdings in Arbor Realty Trust by 30.3% in the first quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust’s stock worth $25,827,000 after purchasing an additional 510,772 shares during the period. Institutional investors and hedge funds own 57.25% of the company’s stock.

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.