Keefe, Bruyette & Woods Cuts Arbor Realty Trust (NYSE:ABR) Price Target to $5.00

Arbor Realty Trust (NYSE:ABR) had its target price cut by Keefe, Bruyette & Woods from $5.50 to $5.00 in a research report released on Monday morning,Benzinga reports. They currently have an underperform rating on the real estate investment trust’s stock.

ABR has been the subject of a number of other research reports. Citizens Jmp decreased their target price on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a report on Thursday, May 14th. Weiss Ratings downgraded shares of Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and reduced their price target for the stock from $7.00 to $5.50 in a research report on Friday, July 17th. Zacks Research cut shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Finally, Piper Sandler dropped their price objective on shares of Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating on the stock in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $6.00.

Arbor Realty Trust Stock Performance

Shares of ABR stock opened at $5.17 on Monday. The firm has a market capitalization of $963.58 million, a price-to-earnings ratio of 73.79 and a beta of 1.15. The company has a debt-to-equity ratio of 2.33, a current ratio of 478.85 and a quick ratio of 428.41. The business has a fifty day moving average of $5.17 and a 200 day moving average of $6.69. Arbor Realty Trust has a 1 year low of $4.73 and a 1 year high of $12.57.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $117.83 million for the quarter, compared to the consensus estimate 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 expect that Arbor Realty Trust will post 0.25 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Friday, August 14th. Arbor Realty Trust’s payout ratio is 971.43%.

Insider Activity at Arbor Realty Trust

In other news, insider David Erwin Friedman sold 7,685 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $6.87, for a total value of $52,795.95. Following the sale, the insider owned 59,638 shares in the company, valued at $409,713.06. This represents a 11.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. UBS Group AG increased its position in shares of Arbor Realty Trust by 111.4% in the fourth quarter. UBS Group AG now owns 1,045,564 shares of the real estate investment trust’s stock valued at $8,114,000 after buying an additional 550,875 shares in the last quarter. GraniteShares Advisors LLC purchased a new position in shares of Arbor Realty Trust during the 4th quarter valued at approximately $2,699,000. SG Americas Securities LLC lifted its position in shares of Arbor Realty Trust by 165.0% during the 4th quarter. SG Americas Securities LLC now owns 117,042 shares of the real estate investment trust’s stock valued at $908,000 after buying an additional 72,873 shares in the last quarter. First Trust Advisors LP grew its stake in Arbor Realty Trust by 124.9% in the 1st quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust’s stock valued at $4,246,000 after acquiring an additional 305,844 shares during the period. Finally, Strait & Sound Wealth Management LLC acquired a new stake in Arbor Realty Trust in the 1st quarter valued at $1,382,000. 57.25% of the stock is owned by institutional investors and hedge funds.

About Arbor Realty Trust

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.