Arbor Realty Trust (NYSE:ABR) Price Target Cut to $13.50 by Analysts at Keefe, Bruyette & Woods

Arbor Realty Trust (NYSE:ABR) had its price target reduced by research analysts at Keefe, Bruyette & Woods from $14.25 to $13.50 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 1.58% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Raymond James lifted their price objective on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. JMP Securities lifted their price target on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. lifted their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.17.

Arbor Realty Trust Stock Up 1.0 %

NYSE ABR traded up $0.13 during midday trading on Tuesday, hitting $13.29. 305,350 shares of the company traded hands, compared to its average volume of 2,275,232. 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 company has a market cap of $2.51 billion, a PE ratio of 9.84 and a beta of 2.04. The company’s 50-day simple moving average is $14.32 and its 200-day simple moving average is $14.26. Arbor Realty Trust has a 52 week low of $11.92 and a 52 week high of $15.94.

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green bought 5,269 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $14.17 per share, with a total value of $74,661.73. Following the purchase, the director now owns 178,797 shares in the company, valued at approximately $2,533,553.49. The trade was a 3.04 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 modified their holdings of the stock. Capital Investment Advisors LLC bought a new stake in shares of Arbor Realty Trust in the 4th quarter worth approximately $183,000. ORG Partners LLC acquired a new stake in shares of Arbor Realty Trust during the fourth quarter valued at approximately $104,000. Capital Market Strategies LLC raised its holdings in shares of Arbor Realty Trust by 16.2% during the fourth quarter. Capital Market Strategies LLC now owns 17,977 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 2,500 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of Arbor Realty Trust by 44.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 23,228 shares of the real estate investment trust’s stock valued at $354,000 after acquiring an additional 7,156 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Arbor Realty Trust by 3.3% during the third quarter. Franklin Resources Inc. now owns 82,613 shares of the real estate investment trust’s stock valued at $1,259,000 after acquiring an additional 2,636 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.