Arbor Realty Trust (NYSE:ABR) PT Raised to $14.00

Arbor Realty Trust (NYSE:ABR) had its target price hoisted by Keefe, Bruyette & Woods from $13.25 to $14.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price indicates a potential downside of 9.85% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. JMP Securities dropped their target price on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, June 20th. Wedbush restated a “neutral” rating and issued a $13.00 price objective on shares of Arbor Realty Trust in a research report on Monday, May 6th. JPMorgan Chase & Co. reduced their target price on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a research note on Wednesday, April 10th. Finally, TheStreet raised shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research note on Monday, March 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $14.67.

Arbor Realty Trust Stock Up 2.9 %

ABR stock opened at $15.53 on Wednesday. Arbor Realty Trust has a one year low of $11.77 and a one year high of $17.74. The company has a debt-to-equity ratio of 3.14, a quick ratio of 36.63 and a current ratio of 36.63. The firm’s fifty day moving average is $13.95 and its 200 day moving average is $13.59. The firm has a market cap of $2.93 billion, a PE ratio of 9.65 and a beta of 2.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew 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 worth $286,612,000 after buying an additional 235,364 shares in the last quarter. Wasatch Advisors LP raised its holdings in Arbor Realty Trust by 16.2% in the 1st quarter. Wasatch Advisors LP now owns 3,490,211 shares of the real estate investment trust’s stock valued at $46,245,000 after acquiring an additional 485,422 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Arbor Realty Trust by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,020,466 shares of the real estate investment trust’s stock valued at $30,671,000 after acquiring an additional 96,367 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Arbor Realty Trust by 6.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,337,689 shares of the real estate investment trust’s stock worth $17,724,000 after purchasing an additional 78,154 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Arbor Realty Trust during the 4th quarter worth approximately $18,775,000. Hedge funds and other 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.