Citizens Jmp Cuts Arbor Realty Trust (NYSE:ABR) Price Target to $11.00

Arbor Realty Trust (NYSE:ABR) had its target price trimmed by Citizens Jmp from $12.00 to $11.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a market outperform rating on the real estate investment trust’s stock.

A number of other brokerages also recently weighed in on ABR. Keefe, Bruyette & Woods raised their target price 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. Zacks Research cut Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 25th. Piper Sandler cut their price target on Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, December 22nd. Wall Street Zen cut Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings downgraded Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Buy rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and an average price target of $9.00.

Arbor Realty Trust Trading Up 0.2%

Shares of NYSE ABR opened at $7.52 on Thursday. Arbor Realty Trust has a 1 year low of $7.11 and a 1 year high of $12.57. The company has a debt-to-equity ratio of 2.41, a current ratio of 394.59 and a quick ratio of 394.59. The firm has a 50-day moving average of $7.73 and a 200 day moving average of $8.99. The stock has a market cap of $1.45 billion, a P/E ratio of 13.66 and a beta of 1.34.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 16.0%. The ex-dividend date was Tuesday, March 10th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 218.18%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its position in shares of 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 valued at $29,000 after buying an additional 1,175 shares during the last quarter. HM Payson & Co. purchased a new position in Arbor Realty Trust in the 3rd quarter worth about $31,000. Bayforest Capital Ltd bought a new position in Arbor Realty Trust during the 4th quarter valued at about $39,000. Rothschild Investment LLC lifted its stake in Arbor Realty Trust by 1,264.6% during the 3rd 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 period. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of Arbor Realty Trust during the 4th quarter valued at about $42,000. 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.