Arbor Realty Trust, Inc. (NYSE:ABR) Receives $14.00 Consensus Price Target from Brokerages

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.00.

A number of equities research analysts have commented on ABR shares. Keefe, Bruyette & Woods dropped their price objective on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price objective on shares of 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.

Arbor Realty Trust Price Performance

Shares of ABR opened at $13.76 on Friday. Arbor Realty Trust has a fifty-two week low of $11.95 and a fifty-two week high of $15.94. The firm’s 50 day moving average price is $13.72 and its 200 day moving average price is $14.21. The company has a market cap of $2.59 billion, a P/E ratio of 10.19 and a beta of 2.03. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67.

Insider Activity at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green bought 5,269 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the acquisition, the director now owns 178,797 shares of the company’s stock, valued at $2,533,553.49. The trade was a 3.04 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Voloridge Investment Management LLC grew its holdings in shares of Arbor Realty Trust by 4.4% during the fourth quarter. Voloridge Investment Management LLC now owns 629,298 shares of the real estate investment trust’s stock worth $8,716,000 after buying an additional 26,383 shares in the last quarter. State of Wyoming acquired a new position in Arbor Realty Trust during the fourth quarter valued at approximately $97,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Arbor Realty Trust during the fourth quarter worth $183,000. ProShare Advisors LLC lifted its position in shares of Arbor Realty Trust by 6.3% during the fourth quarter. ProShare Advisors LLC now owns 592,948 shares of the real estate investment trust’s stock worth $8,212,000 after purchasing an additional 35,080 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Arbor Realty Trust by 10.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 819,497 shares of the real estate investment trust’s stock worth $11,350,000 after purchasing an additional 74,763 shares in the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

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.