Arbor Realty Trust (NYSE:ABR) Rating Reiterated by Wedbush

Arbor Realty Trust (NYSE:ABR)‘s stock had its “neutral” rating restated by research analysts at Wedbush in a research note issued on Monday, Benzinga reports. They currently have a $13.00 price target on the real estate investment trust’s stock. Wedbush’s price objective would indicate a potential downside of 3.42% from the company’s current price.

ABR has been the subject of a number of other reports. JMP Securities cut 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. TheStreet raised Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. JPMorgan Chase & Co. decreased their price objective on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating on the stock in a report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods decreased their price objective on Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.71.

Arbor Realty Trust Trading Up 0.3 %

Arbor Realty Trust stock opened at $13.46 on Monday. The business has a 50-day simple moving average of $12.86 and a two-hundred day simple moving average of $13.39. The company has a market cap of $2.55 billion, a P/E ratio of 8.36 and a beta of 1.96. Arbor Realty Trust has a 52-week low of $11.77 and a 52-week high of $17.74. The company has a quick ratio of 36.02, a current ratio of 36.63 and a debt-to-equity ratio of 3.14.

Insider Transactions at Arbor Realty Trust

In related news, Director William C. Green acquired 10,209 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were bought 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 directly owns 162,809 shares in the company, valued at $2,105,120.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sfmg LLC acquired a new position in Arbor Realty Trust in the first quarter valued at approximately $133,000. Swiss National Bank increased its position in shares of Arbor Realty Trust by 1.3% in the first quarter. Swiss National Bank now owns 372,251 shares of the real estate investment trust’s stock valued at $4,932,000 after buying an additional 4,700 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Arbor Realty Trust by 7.9% in the first quarter. Illinois Municipal Retirement Fund now owns 112,520 shares of the real estate investment trust’s stock valued at $1,491,000 after buying an additional 8,206 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Arbor Realty Trust by 1.5% in the first quarter. Texas Permanent School Fund Corp now owns 164,975 shares of the real estate investment trust’s stock valued at $2,186,000 after buying an additional 2,478 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Arbor Realty Trust by 6.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,337,689 shares of the real estate investment trust’s stock valued at $17,724,000 after buying an additional 78,154 shares in the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

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.