Arbor Realty Trust (NYSE:ABR) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Arbor Realty Trust (NYSE:ABR) have been assigned a consensus recommendation of “Reduce” from the six brokerages that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $6.00.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $7.00 to $5.50 in a research report on Friday, July 17th. Citizens Jmp cut their price target on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research note on Thursday, May 14th. Zacks Research cut Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Weiss Ratings lowered Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Finally, Piper Sandler cut their price objective on Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating for the company in a research report on Monday, August 3rd.

Arbor Realty Trust Stock Performance

Shares of NYSE ABR traded up $0.04 during midday trading on Monday, reaching $5.22. 560,154 shares of the stock were exchanged, compared to its average volume of 4,088,318. The company has a quick ratio of 478.85, a current ratio of 478.85 and a debt-to-equity ratio of 2.33. The firm has a market cap of $974.78 million, a price-to-earnings ratio of 74.64 and a beta of 1.15. The firm has a 50-day simple moving average of $5.13 and a two-hundred day simple moving average of $6.46. Arbor Realty Trust has a twelve month low of $4.73 and a twelve month high of $12.57.

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

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.0%. Arbor Realty Trust’s dividend payout ratio (DPR) is 971.43%.

Institutional Investors Weigh In On Arbor Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its position in Arbor Realty Trust by 73.5% during the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,175 shares during the period. Bessemer Group Inc. acquired a new stake in shares of Arbor Realty Trust in the first quarter valued at about $29,000. Quantbot Technologies LP acquired a new stake in shares of Arbor Realty Trust in the second quarter valued at about $46,000. Larson Financial Group LLC increased its stake in shares of Arbor Realty Trust by 98.9% during the third quarter. Larson Financial Group LLC now owns 4,411 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 2,193 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Arbor Realty Trust by 61.0% during the second quarter. Russell Investments Group Ltd. now owns 4,705 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,782 shares in the last quarter. Hedge funds and other 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.