Arbor Realty Trust, Inc. (NYSE:ABR) Receives Average Rating of “Hold” from Analysts

Arbor Realty Trust, Inc. (NYSE:ABR) has been assigned a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $14.25.

Several research firms have weighed in on ABR. Raymond James raised their target price on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. JMP Securities lifted their price objective on Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. increased their target price on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a report on Thursday, October 17th.

Insiders Place Their Bets

In related news, Director William C. Green acquired 5,269 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $14.17 per share, with a total value of $74,661.73. Following the purchase, the director now directly owns 178,797 shares in the company, valued at $2,533,553.49. The trade was a 3.04 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in shares of Arbor Realty Trust by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,421,552 shares of the real estate investment trust’s stock valued at $20,399,000 after purchasing an additional 43,165 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Arbor Realty Trust by 21.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,654 shares of the real estate investment trust’s stock worth $698,000 after purchasing an additional 8,655 shares during the period. Signaturefd LLC lifted its stake in shares of Arbor Realty Trust by 20.6% in the 2nd quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 1,504 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of Arbor Realty Trust during the 2nd quarter worth about $198,000. Finally, Van ECK Associates Corp increased its position in Arbor Realty Trust by 10.2% during the 2nd quarter. Van ECK Associates Corp now owns 990,484 shares of the real estate investment trust’s stock worth $14,213,000 after purchasing an additional 91,970 shares in the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Arbor Realty Trust Trading Down 0.5 %

Shares of ABR stock opened at $13.78 on Friday. The stock has a market cap of $2.60 billion, a P/E ratio of 10.21 and a beta of 2.03. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. Arbor Realty Trust has a fifty-two week low of $11.92 and a fifty-two week high of $15.94. The business has a fifty day simple moving average of $14.52 and a 200-day simple moving average of $14.29.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.72 annualized dividend and a yield of 12.48%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 127.41%.

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.