Citizens Jmp Lowers Arbor Realty Trust (NYSE:ABR) Price Target to $8.50

Arbor Realty Trust (NYSE:ABR) had its price target dropped by research analysts at Citizens Jmp from $9.50 to $8.50 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a “market outperform” rating on the real estate investment trust’s stock. Citizens Jmp’s target price indicates a potential upside of 46.20% from the company’s previous close.

A number of other research analysts also recently commented on ABR. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen downgraded Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Keefe, Bruyette & Woods decreased their price target on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a research note on Tuesday. Finally, Weiss Ratings downgraded Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $8.00.

Arbor Realty Trust Stock Performance

Shares of NYSE ABR opened at $5.81 on Thursday. The business’s 50-day moving average price is $7.62 and its two-hundred day moving average price is $8.13. The company has a debt-to-equity ratio of 2.71, a current ratio of 428.41 and a quick ratio of 394.59. Arbor Realty Trust has a one year low of $5.67 and a one year high of $12.57. The company has a market capitalization of $1.12 billion, a P/E ratio of 14.91 and a beta of 1.24.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, May 8th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. The firm had revenue of $119.67 million during the quarter, compared to analysts’ expectations of $109.86 million. Analysts anticipate that Arbor Realty Trust will post 0.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, insider David Erwin Friedman acquired 8,840 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $6.84 per share, with a total value of $60,465.60. Following the transaction, the insider owned 68,478 shares of the company’s stock, valued at approximately $468,389.52. This trade represents a 14.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

Several large investors have recently made changes to their positions in the business. Amalgamated Bank lifted its position in shares of Arbor Realty Trust by 1.9% during the 3rd quarter. Amalgamated Bank now owns 55,643 shares of the real estate investment trust’s stock worth $679,000 after purchasing an additional 1,062 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Arbor Realty Trust by 6.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 17,527 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 1,130 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of 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 purchasing an additional 1,175 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of 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 worth $54,000 after purchasing an additional 1,276 shares during the last quarter. Finally, Atlantic Union Bankshares Corp lifted its position in shares of Arbor Realty Trust by 52.2% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 3,805 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,305 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

About Arbor Realty Trust

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.