Arbor Realty Trust (NYSE:ABR) Given Average Recommendation of “Reduce” by Analysts

Arbor Realty Trust (NYSE:ABR) has received an average rating of “Reduce” from the six ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $9.3750.

A number of research firms have recently issued reports on ABR. JPMorgan Chase & Co. cut their price objective on Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday, December 4th. Wall Street Zen upgraded Arbor Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings downgraded Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Finally, Piper Sandler cut their target price on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, December 22nd.

Arbor Realty Trust Trading Up 0.7%

Arbor Realty Trust stock opened at $7.98 on Monday. Arbor Realty Trust has a 52 week low of $7.11 and a 52 week high of $12.73. The company has a debt-to-equity ratio of 2.51, a quick ratio of 287.79 and a current ratio of 287.79. The stock has a market capitalization of $1.56 billion, a P/E ratio of 14.45 and a beta of 1.39. The stock has a 50-day simple moving average of $7.76 and a 200 day simple moving average of $9.66.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 15.0%. The ex-dividend date of this dividend is Tuesday, March 10th. Arbor Realty Trust’s dividend payout ratio is currently 218.18%.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors have recently made changes to their positions in ABR. Royal Bank of Canada grew its position in shares of Arbor Realty Trust by 3.5% during the 1st quarter. Royal Bank of Canada now owns 132,181 shares of the real estate investment trust’s stock worth $1,553,000 after purchasing an additional 4,470 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Arbor Realty Trust by 25,163.2% in the first quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 4,781 shares during the period. United Services Automobile Association bought a new stake in shares of Arbor Realty Trust in the first quarter valued at approximately $145,000. Focus Partners Wealth acquired a new stake in Arbor Realty Trust during the first quarter worth approximately $161,000. Finally, Teacher Retirement System of Texas increased its stake in Arbor Realty Trust by 4.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 28,774 shares of the real estate investment trust’s stock worth $308,000 after acquiring an additional 1,201 shares during the period. Institutional investors 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.