Arbor Realty Trust (NYSE:ABR) Raised to “Hold” at Zacks Research

Arbor Realty Trust (NYSE:ABR) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. Citizens Jmp dropped their price target on shares of Arbor Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings cut shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. Finally, Keefe, Bruyette & Woods boosted 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 report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $9.00.

Arbor Realty Trust Price Performance

ABR stock opened at $8.01 on Monday. Arbor Realty Trust has a 12 month low of $7.11 and a 12 month high of $12.57. The company has a current ratio of 394.59, a quick ratio of 394.59 and a debt-to-equity ratio of 2.41. The company has a 50-day moving average price of $7.81 and a 200 day moving average price of $8.39. The stock has a market cap of $1.54 billion, a PE ratio of 14.55 and a beta of 1.24.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ABR. Royal Bank of Canada raised its stake in shares of Arbor Realty Trust by 3.5% during the 1st quarter. Royal Bank of Canada now owns 132,181 shares of the real estate investment trust’s stock worth $1,553,000 after acquiring an additional 4,470 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Arbor Realty Trust by 25,163.2% in the first quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 4,781 shares during the period. United Services Automobile Association acquired a new stake in shares of Arbor Realty Trust in the first quarter worth $145,000. Focus Partners Wealth acquired a new stake in shares of Arbor Realty Trust in the first quarter worth $161,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Arbor Realty Trust by 61.0% in the second quarter. Russell Investments Group Ltd. now owns 4,705 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,782 shares during the period. 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.