Brokerages Set Arbor Realty Trust, Inc. (NYSE:ABR) PT at $14.58

Arbor Realty Trust, Inc. (NYSE:ABR) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $14.00.

ABR has been the topic of a number of analyst reports. Wedbush reissued a “neutral” rating and issued a $13.00 price target on shares of Arbor Realty Trust in a research note on Monday, May 6th. JPMorgan Chase & Co. decreased their price objective on Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating for the company in a report on Tuesday, July 16th. Keefe, Bruyette & Woods raised their price objective on Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, July 10th. JMP Securities cut their target price on shares of Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a research note on Thursday, June 20th. Finally, Piper Sandler raised their price objective on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research report on Monday.

Institutional Trading of Arbor Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in shares of Arbor Realty Trust during the fourth quarter worth $1,540,000. UniSuper Management Pty Ltd acquired a new position in Arbor Realty Trust in the first quarter valued at $667,000. Sowell Financial Services LLC lifted its holdings in Arbor Realty Trust by 8.8% in the fourth quarter. Sowell Financial Services LLC now owns 15,566 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 1,255 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Arbor Realty Trust by 25.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 484,520 shares of the real estate investment trust’s stock valued at $7,355,000 after buying an additional 98,283 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Arbor Realty Trust by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock valued at $286,612,000 after purchasing an additional 235,364 shares during the period. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Price Performance

Shares of NYSE:ABR opened at $13.28 on Tuesday. Arbor Realty Trust has a 1 year low of $11.77 and a 1 year high of $16.95. The business has a fifty day simple moving average of $13.85 and a 200 day simple moving average of $13.37. The company has a current ratio of 36.63, a quick ratio of 36.63 and a debt-to-equity ratio of 3.14. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 8.25 and a beta of 2.03.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Arbor Realty Trust had a return on equity of 17.04% and a net margin of 26.05%. The company had revenue of $297.19 million for the quarter, compared to the consensus estimate of $300.69 million. During the same period in the previous year, the business earned $0.56 earnings per share. As a group, sell-side analysts predict that Arbor Realty Trust will post 1.68 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, August 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.95%. Arbor Realty Trust’s payout ratio is presently 106.83%.

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.