Arbor Realty Trust (NYSE:ABR) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust (NYSE:ABR) from an underweight rating to a neutral rating in a research note issued to investors on Friday morning, Marketbeat reports. The firm currently has $5.50 price target on the real estate investment trust’s stock, down from their previous price target of $7.00.

Other research analysts also recently issued research reports about the company. Citizens Jmp lowered their target price on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a research note on Thursday, May 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Arbor Realty Trust in a research note on Friday, May 22nd. Piper Sandler reduced their price target on Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating for the company in a report on Thursday, July 2nd. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Wall Street Zen downgraded Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Arbor Realty Trust has an average rating of “Reduce” and a consensus target price of $6.50.

Arbor Realty Trust Trading Down 0.3%

Arbor Realty Trust stock opened at $5.17 on Friday. The company’s fifty day simple moving average is $5.37 and its 200-day simple moving average is $6.95. The company has a quick ratio of 428.41, a current ratio of 428.41 and a debt-to-equity ratio of 2.71. Arbor Realty Trust has a 12 month low of $4.86 and a 12 month high of $12.57. The stock has a market cap of $993.54 million, a P/E ratio of 13.24 and a beta of 1.15.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The company had revenue of $119.67 million during the quarter, compared to analyst estimates of $109.86 million. Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%. As a group, sell-side analysts forecast that Arbor Realty Trust will post 0.32 EPS for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.17 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 13.2%. Arbor Realty Trust’s dividend payout ratio is currently 174.36%.

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, insider David Erwin Friedman sold 7,685 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $6.87, for a total transaction of $52,795.95. Following the transaction, the insider directly owned 59,638 shares of the company’s stock, valued at $409,713.06. This represents a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

Several institutional investors have recently bought and sold shares of ABR. Smartleaf Asset Management LLC raised its holdings in Arbor Realty Trust by 73.5% in 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. Geneos Wealth Management Inc. boosted its holdings in Arbor Realty Trust by 33.4% during the second quarter. Geneos Wealth Management Inc. now owns 5,092 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,276 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Arbor Realty Trust by 3.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 44,752 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 1,400 shares during the period. NFSG Corp boosted its holdings in Arbor Realty Trust by 10.0% during the first quarter. NFSG Corp now owns 17,025 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 1,553 shares during the period. Finally, MML Investors Services LLC grew its position in shares of Arbor Realty Trust by 2.9% in the second quarter. MML Investors Services LLC now owns 62,115 shares of the real estate investment trust’s stock valued at $665,000 after purchasing an additional 1,749 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Company Profile

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.