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

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

Several other brokerages have also issued reports on ABR. Raymond James boosted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a report on Thursday, October 17th. Finally, JMP Securities boosted their price target on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Arbor Realty Trust has a consensus rating of “Hold” and a consensus target price of $14.17.

Arbor Realty Trust Trading Up 1.0 %

ABR stock traded up $0.13 during trading on Tuesday, hitting $13.29. The company had a trading volume of 305,350 shares, compared to its average volume of 2,275,232. The firm has a 50-day moving average price of $14.32 and a 200-day moving average price of $14.26. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 9.84 and a beta of 2.04. Arbor Realty Trust has a 12 month low of $11.92 and a 12 month high of $15.94. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67.

Insider Activity at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green bought 5,269 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the transaction, the director now directly owns 178,797 shares in the company, valued at approximately $2,533,553.49. This trade represents a 3.04 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in shares of Arbor Realty Trust by 8.6% during the 2nd quarter. Victory Capital Management Inc. now owns 39,292 shares of the real estate investment trust’s stock worth $564,000 after acquiring an additional 3,119 shares in the last quarter. Federated Hermes Inc. lifted its stake in Arbor Realty Trust by 32.6% in the 2nd quarter. Federated Hermes Inc. now owns 47,590 shares of the real estate investment trust’s stock valued at $683,000 after purchasing an additional 11,711 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Arbor Realty Trust by 230.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 33,381 shares of the real estate investment trust’s stock valued at $479,000 after purchasing an additional 23,290 shares during the last quarter. AE Wealth Management LLC bought a new position in Arbor Realty Trust in the 2nd quarter valued at approximately $147,000. Finally, Sei Investments Co. bought a new position in Arbor Realty Trust in the 2nd quarter valued at approximately $169,000. Institutional investors and hedge funds 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.