Arbor Realty Trust (NYSE:ABR) Price Target Cut to $12.00 by Analysts at Keefe, Bruyette & Woods

Arbor Realty Trust (NYSE:ABR) had its price target reduced by Keefe, Bruyette & Woods from $13.50 to $12.00 in a research note released on Tuesday,Benzinga reports. They currently have a market perform rating on the real estate investment trust’s stock.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Raymond James lowered shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Arbor Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $13.75.

Arbor Realty Trust Trading Up 3.2 %

Shares of Arbor Realty Trust stock opened at $12.06 on Tuesday. Arbor Realty Trust has a 1 year low of $11.43 and a 1 year high of $15.94. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $2.27 billion, a PE ratio of 10.13 and a beta of 2.03. The firm’s 50 day moving average is $13.55 and its 200 day moving average is $14.19.

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

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 14.27%. The ex-dividend date is Friday, March 7th. Arbor Realty Trust’s dividend payout ratio is currently 144.54%.

Insider Activity

In other news, Director William C. Green acquired 5,269 shares of Arbor Realty Trust stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost 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 $2,533,553.49. This trade represents a 3.04 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ABR. Creative Planning lifted its position in shares of Arbor Realty Trust by 12.0% during the 3rd quarter. Creative Planning now owns 39,179 shares of the real estate investment trust’s stock valued at $610,000 after acquiring an additional 4,184 shares during the period. Raymond James & Associates lifted its position in shares of Arbor Realty Trust by 5.7% during the 3rd quarter. Raymond James & Associates now owns 478,026 shares of the real estate investment trust’s stock valued at $7,438,000 after acquiring an additional 25,975 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Arbor Realty Trust during the 3rd quarter valued at $5,150,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Arbor Realty Trust by 24.4% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,641 shares of the real estate investment trust’s stock valued at $368,000 after acquiring an additional 4,640 shares during the period. Finally, US Bancorp DE lifted its position in shares of Arbor Realty Trust by 6.3% during the 3rd quarter. US Bancorp DE now owns 16,504 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 979 shares during the period. 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.