Arbor Realty Trust, Inc. (NYSE:ABR) Receives $13.75 Consensus Target Price from Analysts

Arbor Realty Trust, Inc. (NYSE:ABR) has earned an average recommendation of “Reduce” from the six brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $13.75.

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Raymond James downgraded Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods dropped their price objective on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Trust N.A. raised its position in shares of Arbor Realty Trust by 3.0% during the third quarter. Raymond James Trust N.A. now owns 23,769 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 698 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of Arbor Realty Trust by 33.1% during the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 701 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Arbor Realty Trust by 4.3% during the fourth quarter. CIBC Asset Management Inc now owns 18,676 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 774 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Arbor Realty Trust by 5.0% during the fourth quarter. Natixis Advisors LLC now owns 16,728 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 797 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of Arbor Realty Trust by 10.0% during the fourth quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 825 shares in the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Trading Up 2.9 %

Shares of NYSE ABR opened at $12.41 on Wednesday. The stock’s 50 day moving average price is $13.13 and its two-hundred day moving average price is $14.08. Arbor Realty Trust has a 52-week low of $11.43 and a 52-week high of $15.94. The stock has a market capitalization of $2.35 billion, a P/E ratio of 10.42 and a beta of 2.05. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $262.87 million for the quarter, compared to the consensus estimate of $88.92 million. Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. On average, analysts anticipate that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 13.87%. The ex-dividend date of this dividend is Friday, March 7th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 144.54%.

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.