Arbor Realty Trust (NYSE:ABR) Receives Average Rating of "Reduce" from Analysts

Key Points

• Analysts hold a consensus “Reduce” rating on Arbor Realty Trust, with three sells, two holds and one buy. The average 12-month price target is $6.00.
• ABR shares fell 2.8% to $4.36, near their 52-week low of $4.32; recent analyst actions generally included lowered price targets and underperform or neutral ratings.
• The company reported quarterly EPS of $0.10, beating estimates of $0.05, and maintained a quarterly dividend of $0.17, equivalent to a 15.6% annualized yield.

Shares of Arbor Realty Trust (NYSE:ABR - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the six analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $6.00.

ABR has been the topic of a number of recent research reports. Piper Sandler cut 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. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an "underweight" rating to a "neutral" rating and decreased their price objective for the stock from $7.00 to $5.50 in a report on Friday, July 17th. Zacks Research raised shares of Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, August 31st. Weiss Ratings lowered Arbor Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods reduced their price target on Arbor Realty Trust from $5.50 to $5.00 and set an "underperform" rating for the company in a research report on Monday, August 3rd.

Arbor Realty Trust Stock Down 2.8%

Shares of NYSE ABR traded down $0.12 during trading hours on Friday, hitting $4.36. The stock had a trading volume of 946,342 shares, compared to its average volume of 4,048,099. The company has a market capitalization of $812.47 million, a P/E ratio of 62.36 and a beta of 1.15. The firm's 50-day moving average price is $5.05 and its two-hundred day moving average price is $6.11. Arbor Realty Trust has a 52 week low of $4.32 and a 52 week high of $12.57. The company has a debt-to-equity ratio of 2.33, a quick ratio of 478.85 and a current ratio of 478.85.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The firm had revenue of $117.83 million for the quarter, compared to analyst estimates of $107.75 million. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. Analysts anticipate that Arbor Realty Trust will post 0.29 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date of this dividend was Friday, August 14th. Arbor Realty Trust's dividend payout ratio (DPR) is presently 971.43%.

Insiders Place Their Bets

In related news, Director William Green bought 25,951 shares of the firm's stock in a transaction on Monday, August 31st. The stock was purchased at an average price of $5.07 per share, with a total value of $131,571.57. Following the completion of the transaction, the director directly owned 231,369 shares of the company's stock, valued at $1,173,040.83. This trade represents a 12.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.20% of the company's stock.

Hedge Funds Weigh In On Arbor Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amundi lifted its stake in shares of Arbor Realty Trust by 225.7% in the second quarter. Amundi now owns 32,825 shares of the real estate investment trust's stock worth $178,000 after buying an additional 22,748 shares during the last quarter. HighTower Advisors LLC acquired a new position in Arbor Realty Trust in the 2nd quarter valued at $60,000. Two Sigma Securities LLC acquired a new position in Arbor Realty Trust in the 2nd quarter valued at $138,000. Beacon Pointe Advisors LLC acquired a new position in Arbor Realty Trust in the 2nd quarter valued at $280,000. Finally, Strait & Sound Wealth Management LLC bought a new position in Arbor Realty Trust in the 2nd quarter worth $71,000. Institutional investors and hedge funds own 57.25% of the company's stock.

About Arbor Realty Trust

Arbor Realty Trust, Inc is a real estate investment trust that specializes in financing and investing in commercial real estate. The company focuses primarily on the multifamily housing sector, providing capital to property owners, operators and developers through a range of lending and investment programs.

Its business activities include originating bridge and structured loans, acquiring or investing in mortgage-related assets, and providing mezzanine loans and preferred equity investments.

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