JPMorgan Chase & Co. Lowers Arbor Realty Trust (NYSE:ABR) Price Target to $12.50

Arbor Realty Trust (NYSE:ABR) had its target price cut by JPMorgan Chase & Co. from $13.50 to $12.50 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

Several other analysts have also commented on ABR. Keefe, Bruyette & Woods lowered their price objective on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. JMP Securities lifted their price target on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Arbor Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Arbor Realty Trust Trading Down 0.1 %

Shares of Arbor Realty Trust stock opened at $13.29 on Tuesday. The firm has a market cap of $2.51 billion, a PE ratio of 9.85 and a beta of 2.04. Arbor Realty Trust has a 1 year low of $11.92 and a 1 year high of $15.94. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. The stock has a fifty day moving average price of $14.04 and a 200-day moving average price of $14.21.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.72 annualized dividend and a dividend yield of 12.94%. Arbor Realty Trust’s payout ratio is 127.41%.

Insider Activity

In related news, Director William C. Green purchased 5,269 shares of Arbor Realty Trust stock in a transaction dated Thursday, December 5th. The stock was bought at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the transaction, the director now owns 178,797 shares in the company, valued at $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ABR. Vanguard Personalized Indexing Management LLC increased its position in shares of Arbor Realty Trust by 230.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,381 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 23,290 shares during the period. AE Wealth Management LLC bought a new stake in Arbor Realty Trust during the 2nd quarter worth approximately $147,000. Sei Investments Co. bought a new stake in Arbor Realty Trust during the 2nd quarter worth approximately $169,000. Public Sector Pension Investment Board lifted its stake in Arbor Realty Trust by 7.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 414,825 shares of the real estate investment trust’s stock worth $5,953,000 after purchasing an additional 28,448 shares in the last quarter. Finally, Sfmg LLC boosted its holdings in Arbor Realty Trust by 39.3% in the 2nd quarter. Sfmg LLC now owns 13,940 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 3,931 shares during the period. 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.