Zacks Investment Research Downgrades ARBOR RLTY TR I/SH (NYSE:ABR) to Strong Sell

ARBOR RLTY TR I/SH (NYSE:ABR) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Arbor Realty Trust is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. “

Several other equities analysts have also recently commented on the stock. TheStreet cut shares of ARBOR RLTY TR I/SH from a “c” rating to a “d” rating in a research note on Friday, May 22nd. JMP Securities reduced their price objective on shares of ARBOR RLTY TR I/SH from $15.50 to $10.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 14th. Raymond James raised their price objective on shares of ARBOR RLTY TR I/SH from $9.50 to $11.50 and gave the company an “outperform” rating in a research report on Thursday, June 11th. Finally, ValuEngine upgraded shares of ARBOR RLTY TR I/SH from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $12.50.

ABR stock opened at $8.74 on Tuesday. The stock has a market cap of $963.59 million, a PE ratio of 19.00 and a beta of 1.79. The company has a quick ratio of 18.74, a current ratio of 18.74 and a debt-to-equity ratio of 2.92. The firm’s 50-day simple moving average is $9.09 and its 200 day simple moving average is $10.08. ARBOR RLTY TR I/SH has a fifty-two week low of $3.54 and a fifty-two week high of $15.77.

ARBOR RLTY TR I/SH (NYSE:ABR) last released its earnings results on Friday, May 8th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.84). The company had revenue of $88.53 million for the quarter, compared to analyst estimates of $78.70 million. ARBOR RLTY TR I/SH had a net margin of 12.37% and a return on equity of 3.58%. Equities analysts forecast that ARBOR RLTY TR I/SH will post 1.07 EPS for the current fiscal year.

In other ARBOR RLTY TR I/SH news, Director Melvin F. Lazar acquired 5,000 shares of ARBOR RLTY TR I/SH stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $6.00 per share, for a total transaction of $30,000.00. Following the transaction, the director now owns 225,000 shares in the company, valued at approximately $1,350,000. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 7.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Quarterback LLC acquired a new position in shares of ARBOR RLTY TR I/SH in the fourth quarter worth about $3,892,311,000. UBS Group AG boosted its holdings in shares of ARBOR RLTY TR I/SH by 5.0% in the fourth quarter. UBS Group AG now owns 3,620,196 shares of the real estate investment trust’s stock worth $51,950,000 after buying an additional 171,006 shares during the period. Wasatch Advisors Inc. boosted its holdings in shares of ARBOR RLTY TR I/SH by 14.6% in the first quarter. Wasatch Advisors Inc. now owns 3,089,006 shares of the real estate investment trust’s stock worth $15,136,000 after buying an additional 393,061 shares during the period. BlackRock Inc. boosted its holdings in shares of ARBOR RLTY TR I/SH by 7.5% in the first quarter. BlackRock Inc. now owns 2,051,260 shares of the real estate investment trust’s stock worth $10,051,000 after buying an additional 143,158 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of ARBOR RLTY TR I/SH by 16.4% in the first quarter. Wellington Management Group LLP now owns 1,601,466 shares of the real estate investment trust’s stock worth $7,847,000 after buying an additional 226,200 shares during the period. Institutional investors own 34.31% of the company’s stock.

About ARBOR RLTY TR I/SH

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The company operates in two segments, Structured Business and Agency Business. It primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.

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