Arbor Realty Trust (NYSE:ABR - Get Free Report) had its target price decreased by research analysts at Keefe, Bruyette & Woods from $13.50 to $13.25 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a "market perform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 7.37% from the stock's current price.
Several other research firms have also issued reports on ABR. JMP Securities lowered their price target on Arbor Realty Trust from $19.00 to $17.00 and set a "market outperform" rating for the company in a research note on Thursday, February 1st. JPMorgan Chase & Co. reduced their target price on Arbor Realty Trust from $12.50 to $12.00 and set an "underweight" rating on the stock in a report on Wednesday. TheStreet upgraded Arbor Realty Trust from a "d+" rating to a "c" rating in a report on Monday, March 18th. Finally, Wedbush reaffirmed an "outperform" rating and set a $17.00 price target on shares of Arbor Realty Trust in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Arbor Realty Trust presently has a consensus rating of "Hold" and an average price target of $15.38.
View Our Latest Stock Report on Arbor Realty Trust
Arbor Realty Trust Trading Down 5.0 %
Shares of ABR traded down $0.65 on Wednesday, reaching $12.34. 6,587,872 shares of the company's stock were exchanged, compared to its average volume of 4,645,984. Arbor Realty Trust has a 12 month low of $10.10 and a 12 month high of $17.74. The stock has a market capitalization of $2.33 billion, a P/E ratio of 7.05 and a beta of 1.97. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 3.21. The business has a 50 day moving average price of $12.95 and a two-hundred day moving average price of $13.63.
Insider Buying and Selling at Arbor Realty Trust
In other news, Director William C. Green bought 10,209 shares of the company's stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $12.93 per share, with a total value of $132,002.37. Following the transaction, the director now owns 162,809 shares in the company, valued at $2,105,120.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.40% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Arbor Realty Trust by 55.6% during the 2nd quarter. BlackRock Inc. now owns 24,979,705 shares of the real estate investment trust's stock worth $370,199,000 after buying an additional 8,928,167 shares during the last quarter. State Street Corp boosted its position in Arbor Realty Trust by 84.1% during the second quarter. State Street Corp now owns 6,690,200 shares of the real estate investment trust's stock valued at $99,149,000 after purchasing an additional 3,055,294 shares during the last quarter. Vanguard Group Inc. boosted its position in Arbor Realty Trust by 28.7% during the first quarter. Vanguard Group Inc. now owns 9,436,190 shares of the real estate investment trust's stock valued at $160,982,000 after purchasing an additional 2,103,266 shares during the last quarter. Melia Wealth LLC bought a new position in Arbor Realty Trust in the fourth quarter valued at approximately $18,906,000. Finally, Norges Bank acquired a new position in shares of Arbor Realty Trust during the 4th quarter worth approximately $18,775,000. Institutional investors own 57.25% of the company's stock.
About Arbor Realty Trust
(
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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.
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