Arbor Realty Trust (NYSE:ABR) Stock Rated "Strong Sell" by Sell-Side Brokerages

Key Points

• Analysts give Arbor Realty Trust a consensus “Strong Sell” rating: Four of six covering firms rate the stock sell, while two recommend hold; the average one-year price target is $5.12.
• Recent broker actions included price-target cuts from Keefe, Bruyette & Woods to $3.00 and Piper Sandler to $3.50. Shares traded at $1.61, near their 12-month low of $1.58.
• The company missed quarterly expectations, reporting a loss of $0.04 per share versus analysts’ expected profit of $0.04, and revenue of $94.17 million versus estimates of $112.42 million.

Arbor Realty Trust (NYSE:ABR - Get Free Report) has been given a consensus rating of "Strong Sell" by the six ratings firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $5.12.

ABR has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Arbor Realty Trust from a "sell" rating to a "strong sell" rating in a report on Saturday, October 31st. Zacks Research lowered shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Friday, October 30th. Keefe, Bruyette & Woods reduced their price target on shares of Arbor Realty Trust from $5.00 to $3.00 and set an "underperform" rating on the stock in a research report on Friday, October 9th. Piper Sandler decreased their price target on Arbor Realty Trust from $5.00 to $3.50 and set an "underweight" rating for the company in a research note on Friday, October 9th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Arbor Realty Trust in a report on Wednesday, October 28th.

Insider Buying and Selling

In other news, Director William Green bought 25,951 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was bought at an average price of $5.07 per share, for a total transaction of $131,571.57. Following the transaction, the director owned 231,369 shares in the company, valued at $1,173,040.83. The trade was a 12.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arbor Realty Trust

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Arbor Realty Trust during the second quarter worth $143,448,000. Bank of New York Mellon Corp acquired a new stake in shares of Arbor Realty Trust during the second quarter worth $7,702,000. Miller Value Partners LLC acquired a new stake in shares of Arbor Realty Trust during the second quarter worth $3,312,000. Legal & General Group Plc acquired a new stake in shares of Arbor Realty Trust during the second quarter worth $2,326,000. Finally, Odyssean LLC lifted its position in shares of Arbor Realty Trust by 227.4% in the 2nd quarter. Odyssean LLC now owns 570,598 shares of the real estate investment trust's stock worth $3,093,000 after buying an additional 396,292 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Stock Down 2.8%

ABR stock traded down $0.05 during midday trading on Friday, hitting $1.61. 7,812,534 shares of the company's stock were exchanged, compared to its average volume of 10,900,630. The firm has a 50 day moving average price of $3.60 and a 200-day moving average price of $5.78. Arbor Realty Trust has a 12-month low of $1.58 and a 12-month high of $9.46. The stock has a market capitalization of $297.27 million, a price-to-earnings ratio of -2.52 and a beta of 1.28. The company has a current ratio of 33.60, a quick ratio of 478.85 and a debt-to-equity ratio of 2.80.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last released its quarterly earnings results on Friday, October 30th. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.08). The company had revenue of $94.17 million for the quarter, compared to analyst estimates of $112.42 million. Arbor Realty Trust had a positive return on equity of 3.98% and a negative net margin of 7.96%. On average, analysts anticipate that Arbor Realty Trust will post 0.03 EPS for the current year.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that originates, acquires, services and manages a diversified portfolio of commercial real estate-related investments. The company focuses primarily on multifamily properties and provides financing solutions to property owners, developers and investors.

Arbor's business includes bridge and mezzanine lending, structured finance, mortgage servicing and agency lending. Through its agency platform, the company provides financing for multifamily properties through programs associated with Fannie Mae and Freddie Mac, while its structured finance activities include investments in mortgage-related assets and other real estate debt.

Founded in 2003, Arbor Realty Trust serves markets across the United States.

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