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

Key Points

• Zacks Research upgraded Arbor Realty Trust from “strong sell” to “hold,” but overall analyst sentiment remains negative, with a consensus “reduce” rating and an average price target of $6.00.
• ABR opened at $4.95 and remains near its 12-month low of $4.73, well below its 12-month high of $12.57. The stock has a market capitalization of approximately $923 million.
• Arbor Realty Trust exceeded quarterly expectations, reporting earnings of $0.10 per share versus the $0.05 consensus and revenue of $117.83 million versus estimates of $107.75 million. Director William C. Green also purchased 25,951 shares at an average price of $5.07.

Arbor Realty Trust (NYSE:ABR - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Monday, Zacks reports.

A number of other analysts also recently commented on ABR. Piper Sandler dropped their price objective on Arbor Realty Trust from $5.50 to $5.00 and set an "underweight" rating on the stock in a research note on Monday, August 3rd. Keefe, Bruyette & Woods decreased their target price on Arbor Realty Trust from $5.50 to $5.00 and set an "underperform" rating for the company in a research note on Monday, August 3rd. Citizens Jmp lowered their target price on Arbor Realty Trust from $9.50 to $8.50 and set a "market outperform" rating on the stock in a report on Thursday, May 14th. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an "underweight" rating to a "neutral" rating and dropped their price target for the stock from $7.00 to $5.50 in a research report on Friday, July 17th. Finally, Weiss Ratings downgraded shares of Arbor Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $6.00.

Arbor Realty Trust Price Performance

NYSE ABR opened at $4.95 on Monday. Arbor Realty Trust has a 12 month low of $4.73 and a 12 month high of $12.57. The company has a debt-to-equity ratio of 2.33, a current ratio of 478.85 and a quick ratio of 478.85. The firm has a market capitalization of $923.47 million, a PE ratio of 70.71 and a beta of 1.15. The company's 50 day simple moving average is $5.12 and its 200 day simple moving average is $6.33.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $117.83 million for the quarter, compared to analysts' expectations of $107.75 million. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. As a group, equities research analysts forecast that Arbor Realty Trust will post 0.29 EPS for the current fiscal year.

Insider Activity at Arbor Realty Trust

In related news, Director William C. Green bought 25,951 shares of Arbor Realty Trust stock in a transaction dated Monday, August 31st. The stock was acquired at an average cost of $5.07 per share, with a total value of $131,571.57. Following the completion of the acquisition, the director directly owned 231,369 shares in the company, valued at approximately $1,173,040.83. This trade represents a 12.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Arbor Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its holdings in shares of Arbor Realty Trust by 73.5% in the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust's stock worth $29,000 after buying an additional 1,175 shares during the period. Bessemer Group Inc. acquired a new stake in shares of Arbor Realty Trust during the first quarter valued at approximately $29,000. Quantbot Technologies LP acquired a new stake in shares of Arbor Realty Trust during the second quarter valued at approximately $46,000. Larson Financial Group LLC lifted its position in shares of Arbor Realty Trust by 98.9% in the 3rd quarter. Larson Financial Group LLC now owns 4,411 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 2,193 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Arbor Realty Trust by 61.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,705 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 1,782 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source