Arbor Realty Trust, Inc. (NYSE:ABR) Receives Average Rating of “Hold” from Brokerages

Arbor Realty Trust, Inc. (NYSE:ABR) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $14.71.

A number of research analysts have weighed in on the stock. Wedbush reaffirmed a “neutral” rating and issued a $13.00 price target on shares of Arbor Realty Trust in a research note on Monday, May 6th. Keefe, Bruyette & Woods cut their price objective on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lowered their target price on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a report on Wednesday, April 10th. Finally, TheStreet upgraded Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th.

Arbor Realty Trust Trading Down 1.0 %

NYSE:ABR opened at $13.69 on Monday. The company has a debt-to-equity ratio of 3.14, a current ratio of 36.63 and a quick ratio of 36.63. The business’s 50-day simple moving average is $13.27 and its 200-day simple moving average is $13.58. Arbor Realty Trust has a fifty-two week low of $11.77 and a fifty-two week high of $17.74. The stock has a market capitalization of $2.58 billion, a PE ratio of 8.50 and a beta of 1.98.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 12.56%. The ex-dividend date of this dividend was Thursday, May 16th. Arbor Realty Trust’s dividend payout ratio (DPR) is 106.83%.

Institutional Investors Weigh In On Arbor Realty Trust

Large investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in Arbor Realty Trust by 42.3% in the third quarter. Barclays PLC now owns 127,218 shares of the real estate investment trust’s stock valued at $1,931,000 after acquiring an additional 37,828 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Arbor Realty Trust by 8.9% during the third quarter. New York State Common Retirement Fund now owns 75,193 shares of the real estate investment trust’s stock worth $1,141,000 after purchasing an additional 6,139 shares during the period. Avantax Advisory Services Inc. increased its position in Arbor Realty Trust by 22.3% during the third quarter. Avantax Advisory Services Inc. now owns 28,920 shares of the real estate investment trust’s stock worth $439,000 after buying an additional 5,279 shares during the last quarter. Amalgamated Bank raised its stake in Arbor Realty Trust by 1.3% in the third quarter. Amalgamated Bank now owns 72,323 shares of the real estate investment trust’s stock valued at $1,098,000 after buying an additional 920 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Arbor Realty Trust by 7.1% during the 3rd quarter. Swiss National Bank now owns 398,251 shares of the real estate investment trust’s stock worth $6,045,000 after acquiring an additional 26,300 shares during the period. Institutional investors and hedge funds 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.