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 cut by Keefe, Bruyette & Woods from $14.25 to $13.50 in a research note published on Tuesday morning,Benzinga reports. They currently have a market perform rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research note on Thursday, October 17th. Raymond James upped their price objective on Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Finally, JMP Securities lifted their target price on 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 research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.17.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $13.62 on Tuesday. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. The company has a market cap of $2.57 billion, a P/E ratio of 10.09 and a beta of 2.04. The stock has a 50-day moving average of $14.26 and a two-hundred day moving average of $14.25. Arbor Realty Trust has a 1-year low of $11.92 and a 1-year high of $15.94.

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.72 annualized dividend and a dividend yield of 12.63%. Arbor Realty Trust’s dividend payout ratio is currently 127.41%.

Insider Buying and Selling at Arbor Realty Trust

In other news, Director William C. Green acquired 5,269 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $14.17 per share, with a total value of $74,661.73. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is currently owned by insiders.

Institutional Trading of Arbor Realty Trust

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Arbor Realty Trust by 75.5% in the third quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 688 shares during the last quarter. Raymond James Trust N.A. raised its position in Arbor Realty Trust by 3.0% in the 3rd quarter. Raymond James Trust N.A. now owns 23,769 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 698 shares during the last quarter. Glenmede Trust Co. NA raised its position in Arbor Realty Trust by 33.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 701 shares during the last quarter. US Bancorp DE boosted its stake in 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 worth $257,000 after purchasing an additional 979 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Arbor Realty Trust by 0.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 153,494 shares of the real estate investment trust’s stock valued at $2,126,000 after purchasing an additional 1,007 shares during the period. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Company Profile

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.