Arbor Realty Trust (NYSE:ABR) Price Target Cut to $11.75 by Analysts at Keefe, Bruyette & Woods

Arbor Realty Trust (NYSE:ABR) had its target price trimmed by Keefe, Bruyette & Woods from $12.00 to $11.75 in a research report report published on Monday morning,Benzinga reports. The firm currently has a market perform rating on the real estate investment trust’s stock.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Raymond James downgraded Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.71.

Arbor Realty Trust Stock Down 6.1 %

ABR opened at $10.53 on Monday. Arbor Realty Trust has a 12 month low of $10.07 and a 12 month high of $15.94. The business has a 50-day moving average of $12.62 and a two-hundred day moving average of $13.86. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 8.84 and a beta of 1.66.

Arbor Realty Trust (NYSE:ABR) last released its earnings results 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 company had revenue of $262.87 million during the quarter, compared to analysts’ expectations of $88.92 million. On average, research analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 16.34%. The ex-dividend date of this dividend was Friday, March 7th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 144.54%.

Institutional Investors Weigh In On Arbor Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of ABR. Dunhill Financial LLC purchased a new position in Arbor Realty Trust in the 4th quarter worth approximately $29,000. Bernard Wealth Management Corp. acquired a new position in shares of Arbor Realty Trust during the fourth quarter worth $36,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 purchasing an additional 1,934 shares during the period. Quarry LP grew its holdings in Arbor Realty Trust by 249.6% during the 4th quarter. Quarry LP now owns 3,531 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 2,521 shares in the last quarter. Finally, Shakespeare Wealth Management LLC purchased a new stake in Arbor Realty Trust during the 4th quarter worth $59,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

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.