JPMorgan Chase & Co. Has Lowered Expectations for Arbor Realty Trust (NYSE:ABR) Stock Price

Arbor Realty Trust (NYSE:ABR) had its price objective reduced by JPMorgan Chase & Co. from $11.50 to $10.50 in a research report report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the real estate investment trust’s stock.

A number of other brokerages have also recently issued reports on ABR. Keefe, Bruyette & Woods dropped their target price on Arbor Realty Trust from $12.00 to $11.75 and set a “market perform” rating for the company in a report on Monday, April 7th. Raymond James cut Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust currently has a consensus rating of “Hold” and an average price target of $13.38.

Arbor Realty Trust Price Performance

Shares of NYSE:ABR opened at $11.03 on Wednesday. The firm has a market capitalization of $2.09 billion, a PE ratio of 9.26 and a beta of 1.66. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. Arbor Realty Trust has a 1-year low of $9.66 and a 1-year high of $15.94. The business’s 50 day moving average is $11.98 and its 200-day moving average is $13.53.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. The business had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. Sell-side analysts predict that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, March 7th. This represents a $1.72 dividend on an annualized basis and a yield of 15.60%. Arbor Realty Trust’s dividend payout ratio is 144.54%.

Institutional Trading of Arbor Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in ABR. Janney Montgomery Scott LLC acquired a new stake in Arbor Realty Trust in the 4th quarter valued at about $1,144,000. Nisa Investment Advisors LLC raised its position in Arbor Realty Trust by 29.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust’s stock worth $1,459,000 after purchasing an additional 23,987 shares during the last quarter. Norges Bank bought a new position in Arbor Realty Trust in the 4th quarter valued at $8,419,000. Bank of New York Mellon Corp increased its stake in shares of Arbor Realty Trust by 2.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,258,343 shares of the real estate investment trust’s stock valued at $17,428,000 after buying an additional 27,327 shares during the period. Finally, EMC Capital Management lifted its stake in shares of Arbor Realty Trust by 23,453.8% during the fourth quarter. EMC Capital Management now owns 18,843 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 18,763 shares during the period. 57.25% of the stock is currently 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.