Arbor Realty Trust (NYSE:ABR) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Key Points

• Equities research analysts at Keefe, Bruyette & Woods have raised their price target for Arbor Realty Trust from $11.00 to $11.50, indicating a potential upside of 0.97% from the stock's previous close.
• JPMorgan Chase & Co. has lowered their target price on Arbor Realty Trust to $10.00 and assigned an "underweight" rating, contrasting with the consensus rating of "Hold" and a higher consensus target of $13.30.
• CEO Ivan Kaufman purchased 60,000 shares at an average price of $8.70, increasing his ownership of Arbor Realty Trust stock by 3.11% against a backdrop of insider buying activity totaling 210,000 shares in recent months.

Arbor Realty Trust (NYSE:ABR - Free Report) had its price objective hoisted by Keefe, Bruyette & Woods from $11.00 to $11.50 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a market perform rating on the real estate investment trust's stock.

Separately, JPMorgan Chase & Co. lowered their price objective on Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR traded up $0.07 during trading on Tuesday, hitting $11.83. 1,526,256 shares of the stock traded hands, compared to its average volume of 2,677,681. Arbor Realty Trust has a 52-week low of $8.43 and a 52-week high of $15.94. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 13.00 and a beta of 1.37. The company has a quick ratio of 36.48, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. The company has a fifty day moving average price of $10.92 and a two-hundred day moving average price of $11.47.

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

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date is Friday, August 15th. Arbor Realty Trust's dividend payout ratio (DPR) is presently 131.87%.

Insider Buying and Selling at Arbor Realty Trust

In related news, CEO Ivan Kaufman bought 60,000 shares of the stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average price of $8.70 per share, for a total transaction of $522,000.00. Following the acquisition, the chief executive officer owned 1,989,816 shares in the company, valued at approximately $17,311,399.20. This represents a 3.11% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have acquired 210,000 shares of company stock valued at $1,942,000. 3.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Arbor Realty Trust during the 4th quarter worth $8,419,000. Pictet Asset Management Holding SA raised its holdings in Arbor Realty Trust by 23.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 26,797 shares of the real estate investment trust's stock worth $371,000 after purchasing an additional 5,034 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Arbor Realty Trust during the fourth quarter worth $152,000. Bank of Montreal Can raised its holdings in Arbor Realty Trust by 14.2% during the fourth quarter. Bank of Montreal Can now owns 23,692 shares of the real estate investment trust's stock worth $328,000 after purchasing an additional 2,953 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Arbor Realty Trust by 90.2% during the fourth quarter. Invesco Ltd. now owns 1,687,307 shares of the real estate investment trust's stock worth $23,369,000 after purchasing an additional 799,973 shares during the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

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.