Keefe, Bruyette & Woods Has Lowered Expectations for Arbor Realty Trust (NYSE:ABR) Stock Price

Arbor Realty Trust (NYSE:ABR) had its price target trimmed by Keefe, Bruyette & Woods from $13.50 to $12.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has a market perform rating on the real estate investment trust’s stock.

Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. decreased 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 note on Tuesday, January 21st. Raymond James lowered Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Arbor Realty Trust currently has an average rating of “Hold” and a consensus price target of $13.75.

Arbor Realty Trust Price Performance

Arbor Realty Trust stock opened at $12.10 on Tuesday. The business has a 50 day simple moving average of $13.48 and a 200 day simple moving average of $14.16. Arbor Realty Trust has a one year low of $11.43 and a one year high of $15.94. The company has a market capitalization of $2.28 billion, a PE ratio of 10.16 and a beta of 2.03. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. On average, sell-side analysts forecast that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 14.22%. Arbor Realty Trust’s payout ratio is 144.54%.

Insider Activity

In other news, Director William C. Green purchased 5,269 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $14.17 per share, with a total value of $74,661.73. Following the completion of the purchase, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by insiders.

Institutional Trading of Arbor Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dunhill Financial LLC acquired a new position in Arbor Realty Trust during the 4th quarter valued at about $29,000. Smartleaf Asset Management LLC lifted its holdings in Arbor Realty Trust by 280.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,934 shares during the period. Bernard Wealth Management Corp. acquired a new position in Arbor Realty Trust in the fourth quarter valued at approximately $36,000. Harbor Capital Advisors Inc. bought a new position in Arbor Realty Trust in the third quarter valued at approximately $38,000. Finally, Glenmede Trust Co. NA grew its holdings 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 worth $44,000 after acquiring an additional 701 shares during the period. 57.25% of the stock is currently owned by institutional investors and hedge funds.

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.