Arbor Realty Trust (NYSE:ABR) Given Consensus Rating of "Reduce" by Brokerages

Key Points

• Arbor Realty Trust (NYSE:ABR) has received a consensus rating of "Reduce" from six research firms, with expectations for a twelve-month price objective averaging $11.50.
• Institutional investors increased their holdings in Arbor Realty Trust, with notable increases from Amalgamated Bank and Allworth Financial LP, indicating ongoing interest despite the stock's challenges.
• The company reported earnings of $0.24 per share, missing estimates, and announced a quarterly dividend of $0.30, which yields 9.6% annually with a payout ratio of 131.87%.

Arbor Realty Trust (NYSE:ABR - Get Free Report) has been given a consensus rating of "Reduce" by the six research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.50.

Several research firms have recently weighed in on ABR. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Arbor Realty Trust in a research note on Saturday, September 27th. Zacks Research lowered Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods lifted their price objective on Arbor Realty Trust from $11.00 to $11.50 and gave the company a "market perform" rating in a research note on Tuesday, August 5th. Finally, JMP Securities reduced their price objective on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 19th.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors have recently made changes to their positions in the company. Amalgamated Bank increased its holdings in shares of Arbor Realty Trust by 1.8% in the 2nd quarter. Amalgamated Bank now owns 54,581 shares of the real estate investment trust's stock valued at $584,000 after acquiring an additional 962 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Arbor Realty Trust by 77.8% in the 2nd quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 1,130 shares during the last quarter. Covestor Ltd boosted its position in Arbor Realty Trust by 14.7% during the 1st quarter. Covestor Ltd now owns 8,965 shares of the real estate investment trust's stock valued at $105,000 after purchasing an additional 1,146 shares during the period. Byrne Financial Freedom LLC boosted its position in Arbor Realty Trust by 8.0% during the 2nd quarter. Byrne Financial Freedom LLC now owns 15,548 shares of the real estate investment trust's stock valued at $166,000 after purchasing an additional 1,157 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Arbor Realty Trust by 73.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 1,175 shares during the period. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Trading Up 0.3%

NYSE:ABR traded up $0.04 on Friday, reaching $12.47. The stock had a trading volume of 2,245,644 shares, compared to its average volume of 2,263,118. Arbor Realty Trust has a 12-month low of $8.43 and a 12-month high of $15.76. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 13.70 and a beta of 1.37. The firm's fifty day moving average is $11.81 and its two-hundred day moving average is $11.16. The company has a debt-to-equity ratio of 2.06, a current ratio of 38.37 and a quick ratio of 38.37.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%.The firm had revenue of $27.44 million for the quarter, compared to analyst estimates of $76.99 million. Equities analysts expect that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, August 15th. This represents a $1.20 annualized dividend and a yield of 9.6%. Arbor Realty Trust's payout ratio is currently 131.87%.

Arbor Realty Trust Company Profile

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

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