Arbor Realty Trust, Inc. (NYSE:ABR) Given Average Rating of “Reduce” by Brokerages

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) have been given an average rating of “Reduce” by the six research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $13.71.

ABR has been the topic of several recent analyst reports. Raymond James lowered shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered their price target on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods cut their price objective on Arbor Realty Trust from $12.00 to $11.75 and set a “market perform” rating for the company in a research report on Monday.

Arbor Realty Trust Stock Down 6.0 %

NYSE:ABR opened at $10.41 on Friday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 8.75 and a beta of 1.66. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41. Arbor Realty Trust has a twelve month low of $9.66 and a twelve month high of $15.94. The stock’s 50 day moving average price is $12.34 and its two-hundred day moving average price is $13.71.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. The firm had revenue of $262.87 million for the quarter, compared to analyst estimates of $88.92 million. Equities research analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.72 dividend on an annualized basis and a yield of 16.52%. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 144.54%.

Institutional Investors Weigh In On Arbor Realty Trust

Several hedge funds have recently bought and sold shares of the stock. FMR LLC increased its stake in shares of Arbor Realty Trust by 143.2% during the third quarter. FMR LLC now owns 25,732 shares of the real estate investment trust’s stock worth $400,000 after purchasing an additional 15,151 shares during the period. BNP Paribas Financial Markets grew its holdings in Arbor Realty Trust by 64.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 92,210 shares of the real estate investment trust’s stock valued at $1,435,000 after buying an additional 36,099 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in Arbor Realty Trust by 33.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 701 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Arbor Realty Trust by 52.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock worth $4,535,000 after buying an additional 100,055 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Arbor Realty Trust by 83.7% during the third quarter. HighTower Advisors LLC now owns 30,720 shares of the real estate investment trust’s stock worth $481,000 after buying an additional 13,993 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

About Arbor Realty Trust

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.