Arbor Realty Trust (NYSE:ABR) Receives Neutral Rating from Wedbush

Wedbush reaffirmed their neutral rating on shares of Arbor Realty Trust (NYSE:ABR - Free Report) in a report issued on Thursday morning, MarketBeat Ratings reports. They currently have a $13.00 price target on the real estate investment trust's stock, down from their prior price target of $17.00.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut their price target on shares of Arbor Realty Trust from $12.50 to $12.00 and set an underweight rating for the company in a research note on Wednesday. JMP Securities cut their target price on Arbor Realty Trust from $19.00 to $17.00 and set a market outperform rating for the company in a research report on Thursday, February 1st. Keefe, Bruyette & Woods decreased their price target on Arbor Realty Trust from $13.50 to $13.25 and set a market perform rating on the stock in a research note on Wednesday. Finally, TheStreet upgraded Arbor Realty Trust from a d+ rating to a c rating in a research note on Monday, March 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Arbor Realty Trust currently has a consensus rating of Hold and a consensus price target of $14.71.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR traded up $0.08 on Thursday, hitting $12.42. 6,985,005 shares of the company were exchanged, compared to its average volume of 4,679,570. The company's 50 day moving average price is $12.91 and its two-hundred day moving average price is $13.61. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 7.06 and a beta of 1.97. The company has a debt-to-equity ratio of 3.21, a quick ratio of 36.02 and a current ratio of 36.02. Arbor Realty Trust has a one year low of $10.10 and a one year high of $17.74.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, March 1st. This represents a $1.72 annualized dividend and a yield of 13.85%. Arbor Realty Trust's dividend payout ratio is presently 97.73%.

Insider Transactions at Arbor Realty Trust

In related news, Director William C. Green purchased 10,209 shares of the business's stock in a transaction on Monday, March 18th. The shares were purchased at an average price of $12.93 per share, with a total value of $132,002.37. Following the completion of the purchase, the director now owns 162,809 shares in the company, valued at approximately $2,105,120.37. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 3.40% of the stock is currently owned by insiders.

Institutional Trading of Arbor Realty Trust

A number of institutional investors have recently made changes to their positions in ABR. Financial Freedom LLC bought a new stake in shares of Arbor Realty Trust during the 4th quarter worth approximately $27,000. State of Wyoming acquired a new stake in Arbor Realty Trust in the fourth quarter valued at $27,000. ICA Group Wealth Management LLC acquired a new stake in Arbor Realty Trust in the fourth quarter valued at $35,000. Cape Investment Advisory Inc. grew its position in shares of Arbor Realty Trust by 671.7% in the 4th quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 2,015 shares during the period. Finally, Sound Income Strategies LLC increased its stake in shares of Arbor Realty Trust by 322.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 1,791 shares during the last quarter. 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.