Arbor Realty Trust (NYSE:ABR) Receives Consensus Recommendation of "Reduce" from Brokerages

Key Points

• Arbor Realty Trust has a consensus “Reduce” rating from six analysts: four sell ratings, one hold and one buy. The average 12-month price target is $6.00.
• ABR shares traded at $5.22, near their one-year low of $4.73 and well below the 200-day moving average of $6.46. Recent analyst actions included downgrades and price-target cuts, despite the stock rising 0.7% in the session.
• The company exceeded quarterly earnings expectations, reporting $0.10 in EPS versus a $0.05 estimate, and declared a $0.17 quarterly dividend. The dividend implies a 13.0% yield, but the payout ratio is exceptionally high at 971.43%.

Arbor Realty Trust (NYSE:ABR - Get Free Report) has earned an average recommendation of "Reduce" from the six ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.00.

A number of equities analysts have commented on the stock. 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. Piper Sandler lowered their price target on shares of Arbor Realty Trust from $5.50 to $5.00 and set an "underweight" rating on the stock in a report on Monday, August 3rd. Citizens Jmp reduced their price objective on shares of Arbor Realty Trust from $9.50 to $8.50 and set a "market outperform" rating for the company in a research note on Thursday, May 14th. JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an "underweight" rating to a "neutral" rating and decreased their target price for the company from $7.00 to $5.50 in a research report on Friday, July 17th. Finally, Zacks Research downgraded shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 16th.

Arbor Realty Trust Stock Up 0.7%

NYSE:ABR traded up $0.04 during mid-day trading on Monday, reaching $5.22. The company's stock had a trading volume of 560,154 shares, compared to its average volume of 4,088,318. Arbor Realty Trust has a 1 year low of $4.73 and a 1 year high of $12.57. The stock has a fifty day moving average of $5.13 and a 200-day moving average of $6.46. The firm has a market capitalization of $974.78 million, a PE ratio of 74.64 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 earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. The business had revenue of $117.83 million for the quarter, compared to the consensus estimate of $107.75 million. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. Equities research analysts forecast that Arbor Realty Trust will post 0.29 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend is Friday, August 14th. Arbor Realty Trust's dividend payout ratio (DPR) is presently 971.43%.

Institutional Investors Weigh In On Arbor Realty Trust

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