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

Zacks Research lowered shares of Arbor Realty Trust (NYSE:ABR) from a hold rating to a strong sell rating in a report published on Wednesday morning,Zacks.com reports.

A number of other equities research analysts also recently commented on ABR. Wall Street Zen upgraded shares of Arbor Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Keefe, Bruyette & Woods upped their price objective on shares of Arbor Realty Trust from $7.50 to $8.00 and gave the company an “underperform” rating in a research note on Wednesday, March 4th. 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 research note on Monday, December 22nd. JPMorgan Chase & Co. cut their price target on Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Thursday, December 4th. Finally, Weiss Ratings lowered Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Buy rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Arbor Realty Trust has an average rating of “Strong Sell” and an average price target of $9.50.

Arbor Realty Trust Stock Down 0.7%

ABR opened at $7.55 on Wednesday. The firm has a market cap of $1.46 billion, a P/E ratio of 13.72 and a beta of 1.36. The business’s fifty day simple moving average is $7.80 and its 200 day simple moving average is $9.19. Arbor Realty Trust has a 52 week low of $7.11 and a 52 week high of $12.57. The company has a quick ratio of 394.59, a current ratio of 394.59 and a debt-to-equity ratio of 2.41.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 15.9%. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 218.18%.

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds have recently made changes to their positions in ABR. Smartleaf Asset Management LLC grew its stake in shares of Arbor Realty Trust by 73.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,175 shares during the period. HM Payson & Co. purchased a new position in shares of Arbor Realty Trust in the 3rd quarter worth $31,000. Bayforest Capital Ltd acquired a new position in Arbor Realty Trust in the fourth quarter valued at $39,000. Rothschild Investment LLC boosted its holdings in Arbor Realty Trust by 1,264.6% in the third quarter. Rothschild Investment LLC now owns 3,275 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 3,035 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in Arbor Realty Trust during the fourth quarter valued at about $42,000. Institutional investors and hedge funds 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.