JPMorgan Chase & Co. Lowers Arbor Realty Trust (NYSE:ABR) Price Target to $9.00

Arbor Realty Trust (NYSE:ABR) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from $10.00 to $9.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 0.13% from the stock’s previous close.

Several other analysts have also recently commented on ABR. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Keefe, Bruyette & Woods reduced their price objective on shares of Arbor Realty Trust from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. JMP Securities dropped their target price on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 19th. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Piper Sandler set a $10.00 price target on Arbor Realty Trust and gave the company an “underweight” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $10.75.

Arbor Realty Trust Trading Down 0.9%

NYSE:ABR traded down $0.08 during trading hours on Thursday, reaching $9.01. 819,504 shares of the stock were exchanged, compared to its average volume of 3,282,022. Arbor Realty Trust has a twelve month low of $8.18 and a twelve month high of $14.55. The business has a 50-day moving average of $10.53 and a two-hundred day moving average of $10.89. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 11.26 and a beta of 1.38. The company has a quick ratio of 287.79, a current ratio of 287.79 and a debt-to-equity ratio of 2.51.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.07. The business had revenue of $162.49 million for the quarter, compared to analysts’ expectations of $72.26 million. Arbor Realty Trust had a net margin of 20.07% and a return on equity of 11.63%. On average, equities analysts predict that Arbor Realty Trust will post 1.65 EPS for the current year.

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, CEO Ivan Kaufman acquired 29,000 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was bought at an average price of $8.34 per share, with a total value of $241,860.00. Following the completion of the transaction, the chief executive officer directly owned 54,000 shares of the company’s stock, valued at approximately $450,360. The trade was a 116.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

Large investors have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp purchased a new stake in shares of Arbor Realty Trust in the second quarter valued at $27,000. HM Payson & Co. acquired a new position in Arbor Realty Trust during the third quarter valued at $31,000. Allworth Financial LP lifted its stake in Arbor Realty Trust by 77.8% in the 2nd quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,130 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Arbor Realty Trust by 73.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,175 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Arbor Realty Trust during the 2nd quarter valued at about $32,000. 57.25% of the stock is owned by institutional investors and hedge funds.

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.