Arbor Realty Trust (NYSE:ABR) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Arbor Realty Trust (NYSE:ABR) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks reports.

Other analysts have also issued reports about the stock. 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 note on Friday, July 17th. Citizens Jmp lowered their price objective on shares of Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a research note on Thursday, May 14th. Piper Sandler dropped their target price on Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating on the stock in a report on Monday, August 3rd. Keefe, Bruyette & Woods cut their target price on Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating for the company in a research report on Monday, August 3rd. Finally, Weiss Ratings downgraded Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $6.00.

Arbor Realty Trust Price Performance

Shares of ABR opened at $4.95 on Monday. Arbor Realty Trust has a one year low of $4.73 and a one year high of $12.57. The stock’s fifty day moving average is $5.12 and its 200-day moving average is $6.33. The company has a debt-to-equity ratio of 2.33, a quick ratio of 478.85 and a current ratio of 478.85. The firm has a market capitalization of $923.47 million, a price-to-earnings ratio of 70.71 and a beta of 1.15.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The business had revenue of $117.83 million during the quarter, compared to the consensus estimate of $107.75 million. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. Equities analysts anticipate that Arbor Realty Trust will post 0.29 EPS for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.68 annualized dividend and a dividend yield of 13.7%. Arbor Realty Trust’s payout ratio is currently 971.43%.

Insider Activity at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green bought 25,951 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average cost of $5.07 per share, for a total transaction of $131,571.57. Following the acquisition, the director directly owned 231,369 shares of the company’s stock, valued at $1,173,040.83. This trade represents a 12.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Amundi increased its holdings in shares of Arbor Realty Trust by 225.7% in the second quarter. Amundi now owns 32,825 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 22,748 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Arbor Realty Trust during the 2nd quarter worth $60,000. California State Teachers Retirement System boosted its stake in shares of Arbor Realty Trust by 334.0% during the 2nd quarter. California State Teachers Retirement System now owns 1,084,385 shares of the real estate investment trust’s stock worth $5,877,000 after acquiring an additional 834,529 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of Arbor Realty Trust in the 2nd quarter worth $138,000. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of Arbor Realty Trust in the 2nd quarter worth $280,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

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.