ARBOR RLTY TR I/SH (NYSE:ABR) Cut to Sell at ValuEngine

Share on StockTwits

ValuEngine cut shares of ARBOR RLTY TR I/SH (NYSE:ABR) from a hold rating to a sell rating in a research report report published on Thursday, ValuEngine reports.

A number of other brokerages also recently issued reports on ABR. Zacks Investment Research downgraded ARBOR RLTY TR I/SH from a buy rating to a hold rating in a research report on Tuesday, July 30th. BTIG Research set a $14.00 price target on ARBOR RLTY TR I/SH and gave the stock a buy rating in a research report on Wednesday, April 17th. Finally, TheStreet downgraded ARBOR RLTY TR I/SH from a b- rating to a c+ rating in a research report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. ARBOR RLTY TR I/SH has a consensus rating of Hold and an average price target of $12.89.

Shares of NYSE ABR opened at $12.21 on Thursday. The firm has a market cap of $1.14 billion, a P/E ratio of 10.09 and a beta of 0.62. The company has a current ratio of 15.10, a quick ratio of 15.10 and a debt-to-equity ratio of 2.09. ARBOR RLTY TR I/SH has a 1-year low of $9.62 and a 1-year high of $13.94. The business’s 50 day moving average is $12.31 and its 200-day moving average is $12.71.

ARBOR RLTY TR I/SH (NYSE:ABR) last announced its earnings results on Friday, August 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The company had revenue of $82.17 million for the quarter, compared to analyst estimates of $73.10 million. ARBOR RLTY TR I/SH had a return on equity of 13.20% and a net margin of 44.17%. Analysts forecast that ARBOR RLTY TR I/SH will post 1.15 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 9.17%. The ex-dividend date of this dividend is Wednesday, August 14th. ARBOR RLTY TR I/SH’s dividend payout ratio is currently 95.87%.

In related news, Director Melvin F. Lazar purchased 4,559 shares of ARBOR RLTY TR I/SH stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $12.16 per share, with a total value of $55,437.44. Following the completion of the transaction, the director now directly owns 205,000 shares of the company’s stock, valued at approximately $2,492,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.50% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC boosted its holdings in shares of ARBOR RLTY TR I/SH by 26.4% in the 1st quarter. Advisory Services Network LLC now owns 15,101 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 3,154 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of ARBOR RLTY TR I/SH by 85.6% in the 4th quarter. Principal Financial Group Inc. now owns 165,157 shares of the real estate investment trust’s stock valued at $1,663,000 after purchasing an additional 76,171 shares in the last quarter. Marshall Wace North America L.P. boosted its holdings in shares of ARBOR RLTY TR I/SH by 41,017.8% in the 1st quarter. Marshall Wace North America L.P. now owns 67,022 shares of the real estate investment trust’s stock valued at $869,000 after purchasing an additional 66,859 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of ARBOR RLTY TR I/SH by 109.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 20,803 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 10,886 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new stake in shares of ARBOR RLTY TR I/SH in the 1st quarter valued at $32,000. 48.29% of the stock is currently owned by hedge funds and other institutional investors.

ARBOR RLTY TR I/SH Company Profile

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The company operates in two segments, Structured Business and Agency Business. It primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.

Featured Story: How do CD ladders protect against rising interest rates?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for ARBOR RLTY TR I/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARBOR RLTY TR I/SH and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Citadel Advisors LLC Makes New Investment in SPDR Portfolio Long Term Corporate Bond ETF
Citadel Advisors LLC Makes New Investment in SPDR Portfolio Long Term Corporate Bond ETF
Citadel Advisors LLC Has $21.24 Million Position in Cable One Inc
Citadel Advisors LLC Has $21.24 Million Position in Cable One Inc
Citadel Advisors LLC Raises Stock Holdings in SITE Centers Corp.
Citadel Advisors LLC Raises Stock Holdings in SITE Centers Corp.
Citadel Advisors LLC Sells 172,873 Shares of Telephone & Data Systems, Inc.
Citadel Advisors LLC Sells 172,873 Shares of Telephone & Data Systems, Inc.
Citadel Advisors LLC Sells 1,224,750 Shares of Hudbay Minerals Inc
Citadel Advisors LLC Sells 1,224,750 Shares of Hudbay Minerals Inc
Citadel Advisors LLC Acquires 4,838 Shares of First Interstate Bancsystem Inc
Citadel Advisors LLC Acquires 4,838 Shares of First Interstate Bancsystem Inc


© 2006-2019 Ticker Report