Arbor Realty Trust, Inc. (NYSE:ABR) Receives $14.71 Consensus Target Price from Brokerages

Arbor Realty Trust, Inc. (NYSE:ABR) has earned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $14.71.

Several brokerages have issued reports on ABR. TheStreet upgraded Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. JPMorgan Chase & Co. decreased their target price on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a research report on Wednesday, April 10th. Wedbush reiterated a “neutral” rating and set a $13.00 price target (down previously from $17.00) on shares of Arbor Realty Trust in a research note on Thursday, April 11th. JMP Securities lowered their price objective on Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating for the company in a research note on Thursday, February 1st. Finally, Keefe, Bruyette & Woods cut their target price on 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.

Insider Buying and Selling

In related news, Director William C. Green acquired 10,209 shares of the stock in a transaction on Monday, March 18th. The shares were acquired at an average price of $12.93 per share, with a total value of $132,002.37. Following the completion of the transaction, the director now owns 162,809 shares in the company, valued at approximately $2,105,120.37. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Avior Wealth Management LLC boosted its position in Arbor Realty Trust by 9.3% during the fourth quarter. Avior Wealth Management LLC now owns 8,939 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 761 shares during the period. Alpha Cubed Investments LLC boosted its holdings in Arbor Realty Trust by 6.7% in the 4th quarter. Alpha Cubed Investments LLC now owns 13,184 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 825 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Arbor Realty Trust by 0.9% in the fourth quarter. Yousif Capital Management LLC now owns 93,220 shares of the real estate investment trust’s stock worth $1,415,000 after acquiring an additional 845 shares during the period. Janney Montgomery Scott LLC grew its holdings in Arbor Realty Trust by 4.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,133 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 882 shares in the last quarter. Finally, Strs Ohio grew its stake in Arbor Realty Trust by 2.4% during the third quarter. Strs Ohio now owns 38,500 shares of the real estate investment trust’s stock valued at $584,000 after acquiring an additional 900 shares in the last quarter. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Trading Up 3.5 %

ABR opened at $13.21 on Friday. The company has a market cap of $2.50 billion, a P/E ratio of 7.50 and a beta of 1.97. The company has a fifty day moving average price of $12.91 and a two-hundred day moving average price of $13.49. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 3.21. Arbor Realty Trust has a 1-year low of $10.10 and a 1-year high of $17.74.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 13.03%. The ex-dividend date was Friday, March 1st. Arbor Realty Trust’s payout ratio is 97.73%.

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.