Arbor Realty Trust (NYSE:ABR) Given Average Recommendation of “Reduce” by Analysts

Shares of Arbor Realty Trust (NYSE:ABR) have been assigned a consensus rating of “Reduce” from the six research firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $8.00.

Several research firms have recently commented on ABR. Wall Street Zen lowered shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods lowered their price target on shares of Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a research report on Tuesday. Citizens Jmp lowered their price target on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research report on Thursday. Finally, Weiss Ratings lowered shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th.

Arbor Realty Trust Stock Down 0.4%

Arbor Realty Trust stock opened at $5.81 on Friday. The company has a 50-day simple moving average of $7.62 and a 200-day simple moving average of $8.13. The firm has a market capitalization of $1.12 billion, a P/E ratio of 14.91 and a beta of 1.24. The company has a debt-to-equity ratio of 2.71, a quick ratio of 394.59 and a current ratio of 428.41. Arbor Realty Trust has a one year low of $5.67 and a one year high of $12.57.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.09). The firm had revenue of $119.67 million for the quarter, compared to the consensus estimate of $109.86 million. Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%. As a group, equities analysts expect that Arbor Realty Trust will post 0.77 earnings per share for the current year.

Arbor Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 11.7%. The ex-dividend date is Friday, May 22nd. Arbor Realty Trust’s dividend payout ratio is currently 307.69%.

Insider Transactions at Arbor Realty Trust

In related news, insider David Erwin Friedman bought 8,840 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $6.84 per share, for a total transaction of $60,465.60. Following the transaction, the insider directly owned 68,478 shares of the company’s stock, valued at approximately $468,389.52. This represents a 14.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of ABR. Balyasny Asset Management L.P. grew its position in Arbor Realty Trust by 296.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,835,715 shares of the real estate investment trust’s stock valued at $29,765,000 after buying an additional 2,869,132 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Arbor Realty Trust in the 4th quarter valued at about $10,219,000. Wasatch Advisors LP grew its position in Arbor Realty Trust by 19.2% in the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock valued at $49,541,000 after buying an additional 654,583 shares in the last quarter. Azora Capital LP bought a new position in Arbor Realty Trust in the 3rd quarter valued at about $7,897,000. Finally, Van ECK Associates Corp grew its position in Arbor Realty Trust by 41.9% in the 4th quarter. Van ECK Associates Corp now owns 1,892,783 shares of the real estate investment trust’s stock valued at $14,688,000 after buying an additional 559,209 shares in the last quarter. 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.