Arbor Realty Trust (NYSE:ABR) Given New $11.00 Price Target at Citizens Jmp

Key Points

• Citizens Jmp lowered its price target on Arbor Realty Trust from $12 to $11 but kept a "market outperform" rating, with the new target implying roughly a 49.15% upside from the prior close.
• Overall analyst sentiment is negative — one Buy versus five Sell ratings, an average rating of "Strong Sell" and an average price target of $9.00, following downgrades and target cuts from firms including Zacks, JPMorgan, Piper Sandler and Weiss.
• The stock was trading around $7.38 (down 1.8%), near its 12‑month low of $7.11, with a market cap of about $1.42 billion and approximately 57% institutional ownership.

Arbor Realty Trust (NYSE:ABR - Get Free Report) had its price objective decreased by equities research analysts at Citizens Jmp from $12.00 to $11.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "market outperform" rating on the real estate investment trust's stock. Citizens Jmp's price objective points to a potential upside of 49.15% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. Wall Street Zen downgraded Arbor Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, March 28th. Zacks Research cut shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Wednesday, March 25th. Weiss Ratings downgraded shares of Arbor Realty Trust from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. lowered their target price on shares of Arbor Realty Trust from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Thursday, December 4th. Finally, Piper Sandler dropped their target price on shares of Arbor Realty Trust from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Strong Sell" and an average price target of $9.00.

Arbor Realty Trust Stock Down 1.8%

Shares of NYSE:ABR traded down $0.14 on Thursday, reaching $7.38. The company had a trading volume of 517,105 shares, compared to its average volume of 4,109,070. The stock has a market capitalization of $1.42 billion, a P/E ratio of 13.41 and a beta of 1.33. The stock has a 50-day moving average price of $7.75 and a 200 day moving average price of $9.05. Arbor Realty Trust has a twelve month low of $7.11 and a twelve month high of $12.57. The company has a quick ratio of 394.59, a current ratio of 394.59 and a debt-to-equity ratio of 2.41.

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in ABR. Royal Bank of Canada increased its position 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 purchasing an additional 4,470 shares in the last quarter. Jones Financial Companies Lllp boosted its position in 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 valued at $56,000 after buying an additional 4,781 shares in the last quarter. United Services Automobile Association bought a new stake in Arbor Realty Trust during the first quarter worth about $145,000. Focus Partners Wealth bought a new stake in Arbor Realty Trust during the first quarter worth about $161,000. Finally, Legal & General Group Plc increased its holdings in shares of Arbor Realty Trust by 4.4% during the second quarter. Legal & General Group Plc now owns 525,971 shares of the real estate investment trust's stock worth $5,628,000 after buying an additional 22,253 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

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.

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