JMP Securities Cuts Arbor Realty Trust (NYSE:ABR) Price Target to $13.00

Key Points

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Arbor Realty Trust (NYSE:ABR - Get Free Report) had its price target cut by investment analysts at JMP Securities from $13.50 to $13.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "market outperform" rating on the real estate investment trust's stock. JMP Securities' price target points to a potential upside of 9.84% from the stock's current price.

Other equities research analysts have also issued reports about the stock. Zacks Research lowered shares of Arbor Realty Trust from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. reduced their target price on shares of Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating for the company in a report on Monday, May 5th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock a "market perform" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Arbor Realty Trust has an average rating of "Reduce" and an average target price of $12.63.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR traded up $0.4750 during trading on Tuesday, hitting $11.8350. The company's stock had a trading volume of 3,698,035 shares, compared to its average volume of 2,629,070. The company has a 50-day moving average of $11.24 and a 200-day moving average of $11.33. Arbor Realty Trust has a 12 month low of $8.43 and a 12 month high of $15.94. The company has a debt-to-equity ratio of 2.06, a current ratio of 38.37 and a quick ratio of 38.37. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 13.01 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%.The business had revenue of $27.44 million during the quarter, compared to the consensus estimate of $76.99 million. On average, sell-side analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its holdings in Arbor Realty Trust by 33.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,092 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 1,276 shares in the last quarter. Kestra Investment Management LLC grew its holdings in shares of Arbor Realty Trust by 38.4% in the second quarter. Kestra Investment Management LLC now owns 225,123 shares of the real estate investment trust's stock valued at $2,409,000 after purchasing an additional 62,462 shares in the last quarter. Caxton Associates LLP grew its holdings in shares of Arbor Realty Trust by 66.8% in the second quarter. Caxton Associates LLP now owns 135,449 shares of the real estate investment trust's stock valued at $1,449,000 after purchasing an additional 54,227 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Arbor Realty Trust by 9.5% in the second quarter. Public Sector Pension Investment Board now owns 655,058 shares of the real estate investment trust's stock valued at $7,009,000 after purchasing an additional 56,948 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Arbor Realty Trust by 31.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 209,516 shares of the real estate investment trust's stock valued at $2,244,000 after purchasing an additional 49,832 shares in the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

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.