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 - Get Free Report) had its price target increased by equities research analysts at Keefe, Bruyette & Woods from $11.00 to $11.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "market perform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 0.97% from the stock's previous close.

Separately, JPMorgan Chase & Co. dropped their target price on Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating on the stock in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $13.30.

Arbor Realty Trust Stock Performance

ABR opened at $11.39 on Tuesday. Arbor Realty Trust has a 1-year low of $8.43 and a 1-year high of $15.94. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 12.52 and a beta of 1.37. The company's fifty day moving average price is $10.76 and its two-hundred day moving average price is $11.49. The company has a current ratio of 36.48, a quick ratio of 36.48 and a debt-to-equity ratio of 1.92.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted its earnings results 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). Arbor Realty Trust had a return on equity of 12.19% and a net margin of 20.75%. The business had revenue of $27.44 million during the quarter, compared to analyst estimates of $76.99 million. On average, analysts expect that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Arbor Realty Trust news, CEO Ivan Kaufman acquired 60,000 shares of Arbor Realty Trust stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $8.70 per share, for a total transaction of $522,000.00. Following the purchase, the chief executive officer directly owned 1,989,816 shares of the company's stock, valued at $17,311,399.20. This trade represents a 3.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have bought 210,000 shares of company stock valued at $1,942,000. Company insiders own 3.80% of the company's stock.

Institutional Trading of Arbor Realty Trust

Several hedge funds have recently added to or reduced their stakes in ABR. Norges Bank bought a new position in shares of Arbor Realty Trust during the 4th quarter valued at approximately $8,419,000. Pictet Asset Management Holding SA lifted its stake in Arbor Realty Trust by 23.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 26,797 shares of the real estate investment trust's stock valued at $371,000 after purchasing an additional 5,034 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Arbor Realty Trust during the fourth quarter valued at $152,000. Bank of Montreal Can increased its position in Arbor Realty Trust by 14.2% in the fourth quarter. Bank of Montreal Can now owns 23,692 shares of the real estate investment trust's stock worth $328,000 after buying an additional 2,953 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Arbor Realty Trust by 90.2% in the fourth quarter. Invesco Ltd. now owns 1,687,307 shares of the real estate investment trust's stock valued at $23,369,000 after buying an additional 799,973 shares during the period. Institutional investors own 57.25% of the company's stock.

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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