Arbor Realty Trust (NYSE:ABR) Stock Has Consensus Target Price of $5.12 According to Analysts

Key Points

• Analysts have a bearish view of Arbor Realty Trust, with a consensus “Reduce” rating from six firms—three sells and three holds—and an average 12-month price target of $5.12. Recent target cuts include Piper Sandler to $3.50 and Keefe, Bruyette & Woods to $3.00.
• ABR shares traded at $2.88, near their 1-year low of $2.77 and well below their 50-day and 200-day moving averages. The stock has a market capitalization of about $536 million and a debt-to-equity ratio of 2.33.
• The company exceeded quarterly earnings expectations, reporting $0.10 in EPS versus a $0.05 consensus estimate, while paying a $0.17 quarterly dividend. The annualized dividend yield was 23.7%, but the payout ratio was an unusually high 971.43%.

Arbor Realty Trust (NYSE:ABR - Get Free Report) has been given a consensus recommendation of "Reduce" by the six research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.12.

A number of analysts have recently weighed in on the stock. Piper Sandler reduced their price objective on shares of Arbor Realty Trust from $5.00 to $3.50 and set an "underweight" rating for the company in a research note on Friday. Keefe, Bruyette & Woods lowered their target price on shares of Arbor Realty Trust from $5.00 to $3.00 and set an "underperform" rating on the stock in a research note on Friday. 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. Citizens Jmp reiterated a "market perform" rating on shares of Arbor Realty Trust in a report on Tuesday, September 29th. Finally, JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an "underweight" rating to a "neutral" rating and cut their target price for the stock from $7.00 to $5.50 in a research report on Friday, July 17th.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, Director William Green acquired 25,951 shares of the business's stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average price of $5.07 per share, with a total value of $131,571.57. Following the transaction, the director owned 231,369 shares of the company's stock, valued at approximately $1,173,040.83. This trade represents a 12.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ABR. Legal & General Group Plc acquired a new position in Arbor Realty Trust during the 2nd quarter valued at $2,326,000. Bank of America Corp DE acquired a new stake in Arbor Realty Trust in the 2nd quarter worth $1,892,000. Deutsche Bank AG acquired a new stake in Arbor Realty Trust in the 2nd quarter worth $1,122,000. BlackRock Inc. bought a new position in shares of Arbor Realty Trust during the 2nd quarter worth about $143,448,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Arbor Realty Trust during the 2nd quarter worth about $7,702,000. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Stock Performance

ABR traded up $0.04 on Tuesday, hitting $2.88. The company had a trading volume of 1,978,560 shares, compared to its average volume of 4,321,911. The company's fifty day moving average price is $4.61 and its 200 day moving average price is $5.60. Arbor Realty Trust has a 1-year low of $2.77 and a 1-year high of $12.18. The company has a debt-to-equity ratio of 2.33, a current ratio of 478.85 and a quick ratio of 478.85. The stock has a market cap of $536.36 million, a price-to-earnings ratio of 41.07 and a beta of 1.22.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. The firm had revenue of $117.83 million during the quarter, compared to analysts' expectations of $107.75 million. Equities analysts predict that Arbor Realty Trust will post 0.23 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.17 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 23.7%. Arbor Realty Trust's payout ratio is presently 971.43%.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that provides financing for multifamily and other commercial real estate properties. The company originates, acquires, and invests in a range of structured finance products, including bridge loans, mezzanine loans, preferred equity investments, and other real estate-related debt investments.

Through its lending platforms and subsidiaries, Arbor Realty Trust also provides agency lending services for multifamily properties. These activities include originating and servicing loans through programs associated with Fannie Mae, Freddie Mac, and the U.S.

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