Keefe, Bruyette & Woods Has Lowered Expectations for Arbor Realty Trust (NYSE:ABR) Stock Price

Arbor Realty Trust (NYSE:ABR) had its price target reduced by analysts at Keefe, Bruyette & Woods from $5.00 to $3.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “underperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 3.38% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Weiss Ratings downgraded Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Piper Sandler reduced their target price on shares of Arbor Realty Trust from $5.00 to $3.50 and set an “underweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. upgraded Arbor Realty Trust from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $7.00 to $5.50 in a report on Friday, July 17th. Finally, Citizens Jmp restated a “market perform” rating on shares of Arbor Realty Trust in a research note on Tuesday, September 29th. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $5.12.

Arbor Realty Trust Stock Performance

Shares of Arbor Realty Trust stock traded down $0.19 on Friday, reaching $2.90. 8,483,638 shares of the stock were exchanged, compared to its average volume of 4,292,414. The firm has a market capitalization of $541.40 million, a PE ratio of 41.79 and a beta of 1.22. Arbor Realty Trust has a 1-year low of $2.78 and a 1-year high of $12.18. The business has a fifty day moving average price of $4.70 and a two-hundred day moving average price of $5.66. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $117.83 million for the quarter, compared to analyst estimates of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. As a group, research analysts anticipate that Arbor Realty Trust will post 0.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director William Green bought 25,951 shares of the company’s stock in a transaction on Monday, August 31st. The shares were purchased at an average cost of $5.07 per share, with a total value of $131,571.57. Following the completion of the transaction, the director directly owned 231,369 shares of the company’s stock, valued at approximately $1,173,040.83. This represents a 12.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arbor Realty Trust

A number of hedge funds have recently made changes to their positions in ABR. GAMMA Investing LLC boosted its position in Arbor Realty Trust by 285.1% during the 3rd quarter. GAMMA Investing LLC now owns 27,468 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 20,336 shares during the period. Amundi raised its position in Arbor Realty Trust by 225.7% in the second quarter. Amundi now owns 32,825 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 22,748 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Arbor Realty Trust during the second quarter valued at approximately $60,000. Two Sigma Securities LLC bought a new stake in shares of Arbor Realty Trust during the 2nd quarter worth $138,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in Arbor Realty Trust during the 2nd quarter worth about $280,000. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that provides financing for multifamily and other commercial real estate properties. The company originates, acquires, and invests in a range of structured finance products, including bridge loans, mezzanine loans, preferred equity investments, and other real estate-related debt investments.

Through its lending platforms and subsidiaries, Arbor Realty Trust also provides agency lending services for multifamily properties. These activities include originating and servicing loans through programs associated with Fannie Mae, Freddie Mac, and the U.S.