Arbor Realty Trust's (ABR) "Market Perform" Rating Reaffirmed at Citizens Jmp

Key Points

• Citizens JMP reaffirmed its “market perform” rating on Arbor Realty Trust, while the broader analyst consensus remains “Reduce,” with three Hold and three Sell ratings and a $6.00 average price target.
• ABR shares opened at $4.07, near their 52-week low of $3.87 and well below the 52-week high of $12.57. Recent analysts have generally lowered price targets to roughly $5.00–$5.50.
• The company exceeded quarterly expectations, reporting $0.10 EPS versus a $0.05 consensus and revenue of $117.83 million versus $107.75 million expected; institutional investors own 57.25% of the stock.

Arbor Realty Trust (NYSE:ABR - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities research analysts at Citizens Jmp in a research report issued on Tuesday, Benzinga reports.

Other equities analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, August 31st. Keefe, Bruyette & Woods decreased their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an "underperform" rating on the stock in a research report on Monday, August 3rd. Piper Sandler dropped their target price on Arbor Realty Trust from $5.50 to $5.00 and set an "underweight" rating for the company in a research note on Monday, August 3rd. 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. Finally, JPMorgan Chase & Co. upgraded Arbor Realty Trust from an "underweight" rating to a "neutral" rating and reduced their target price for the company from $7.00 to $5.50 in a report on Friday, July 17th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $6.00.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $4.07 on Tuesday. The business's 50-day moving average price is $4.93 and its 200 day moving average price is $5.90. Arbor Realty Trust has a 52-week low of $3.87 and a 52-week high of $12.57. The firm has a market cap of $759.11 million, a P/E ratio of 58.13 and a beta of 1.15. The company has a quick ratio of 478.85, a current ratio of 478.85 and a debt-to-equity ratio of 2.33.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. The firm had revenue of $117.83 million during the quarter, compared to analysts' expectations of $107.75 million. On average, equities research analysts expect that Arbor Realty Trust will post 0.23 earnings per share for the current year.

Insider Activity

In related news, Director William Green bought 25,951 shares of the stock in a transaction dated Monday, August 31st. The stock was bought 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 owned 231,369 shares of the company's stock, valued at $1,173,040.83. This trade represents a 12.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.20% of the company's stock.

Hedge Funds Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABR. Deutsche Bank AG acquired a new stake in Arbor Realty Trust in the 2nd quarter worth approximately $1,122,000. Legal & General Group Plc acquired a new position in shares of Arbor Realty Trust during the second quarter worth approximately $2,326,000. BlackRock Inc. bought a new position in Arbor Realty Trust during the second quarter worth $143,448,000. First Trust Advisors LP grew its position in Arbor Realty Trust by 124.9% in the 1st quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust's stock worth $4,246,000 after purchasing an additional 305,844 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Arbor Realty Trust during the second quarter valued at about $7,702,000. 57.25% of the stock is owned by institutional investors.

About Arbor Realty Trust

Arbor Realty Trust, Inc is a real estate investment trust that specializes in financing and investing in commercial real estate. The company focuses primarily on the multifamily housing sector, providing capital to property owners, operators and developers through a range of lending and investment programs.

Its business activities include originating bridge and structured loans, acquiring or investing in mortgage-related assets, and providing mezzanine loans and preferred equity investments.

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