Arbor Realty Trust (NYSE:ABR) Downgraded to “Market Perform” Rating by Raymond James

Raymond James downgraded shares of Arbor Realty Trust (NYSE:ABR) from an outperform rating to a market perform rating in a research report sent to investors on Monday morning, MarketBeat reports.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their price target on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Arbor Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $13.75.

Arbor Realty Trust Stock Performance

ABR stock opened at $12.24 on Monday. The business has a 50 day moving average of $13.52 and a 200-day moving average of $14.17. The firm has a market cap of $2.31 billion, a PE ratio of 10.28 and a beta of 2.03. Arbor Realty Trust has a 12-month low of $11.43 and a 12-month high of $15.94. 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 announced its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The business had revenue of $262.87 million during 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%. As a group, sell-side analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 14.06%. The ex-dividend date of this dividend is Friday, March 7th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 144.54%.

Insider Activity at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green acquired 5,269 shares of Arbor Realty Trust stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the purchase, the director now owns 178,797 shares of the company’s stock, valued at approximately $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Large investors have recently made changes to their positions in the stock. Raymond James Trust N.A. lifted its holdings in Arbor Realty Trust by 3.0% during the 3rd 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 in the last quarter. Glenmede Trust Co. NA boosted its position in shares of Arbor Realty Trust by 33.1% in 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 acquiring an additional 701 shares during the period. CIBC Asset Management Inc grew its stake in 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 acquiring an additional 774 shares in the last quarter. Natixis Advisors LLC increased its holdings in Arbor Realty Trust by 5.0% during the 4th quarter. Natixis Advisors LLC now owns 16,728 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 797 shares during the period. Finally, Principal Securities Inc. lifted its stake in Arbor Realty Trust by 10.0% in the 4th quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 825 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

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.