Arbor Realty Trust (NYSE:ABR) Downgraded by Raymond James to “Market Perform”

Raymond James cut shares of Arbor Realty Trust (NYSE:ABR) from an outperform rating to a market perform rating in a research report report published on Monday morning, Marketbeat Ratings reports.

Several other research firms have also commented on ABR. 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 for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their target price on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.00.

Arbor Realty Trust Stock Down 2.9 %

Shares of NYSE:ABR opened at $11.65 on Monday. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 8.63 and a beta of 2.03. Arbor Realty Trust has a 12 month low of $11.46 and a 12 month high of $15.94. The company has a current ratio of 35.68, a quick ratio of 35.68 and a debt-to-equity ratio of 2.67. The company has a 50-day moving average price of $13.59 and a 200 day moving average price of $14.20.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $262.87 million during the quarter, compared to the consensus estimate of $88.92 million. Arbor Realty Trust had a net margin of 23.99% and a return on equity of 14.94%. As a group, equities research analysts predict that Arbor Realty Trust will post 1.68 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.43 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.72 dividend on an annualized basis and a yield of 14.76%. Arbor Realty Trust’s payout ratio is 144.54%.

Insider Activity

In related news, Director William C. Green acquired 5,269 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the acquisition, the director now directly owns 178,797 shares of the company’s stock, valued at $2,533,553.49. This represents a 3.04 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. boosted its holdings in shares of Arbor Realty Trust by 3.0% in the third quarter. Raymond James Trust N.A. now owns 23,769 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 698 shares during the period. Glenmede Trust Co. NA raised its position in Arbor Realty Trust by 33.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 701 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Arbor Realty Trust by 4.3% in the 4th quarter. CIBC Asset Management Inc now owns 18,676 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 774 shares during the period. Natixis Advisors LLC grew its position in shares of Arbor Realty Trust by 5.0% during the 4th quarter. Natixis Advisors LLC now owns 16,728 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 797 shares in the last quarter. Finally, Principal Securities Inc. grew its position in shares of Arbor Realty Trust by 10.0% during the 4th quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 825 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors.

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.