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

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

ABR has been the subject of a number of research analyst reports. Raymond James cut Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods lowered their price target on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price target 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.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $12.41 on Wednesday. The stock has a market cap of $2.35 billion, a PE ratio of 10.42 and a beta of 2.05. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. Arbor Realty Trust has a twelve month low of $11.43 and a twelve month high of $15.94. The stock has a fifty day simple moving average of $13.16 and a 200-day simple moving average of $14.08.

Arbor Realty Trust (NYSE:ABR) last released its quarterly 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). The business had revenue of $262.87 million for the quarter, compared to analysts’ expectations of $88.92 million. Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. Equities analysts anticipate that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

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

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of ABR. Dunhill Financial LLC purchased a new position in shares of Arbor Realty Trust in the 4th quarter valued at about $29,000. Smartleaf Asset Management LLC boosted its stake in shares of Arbor Realty Trust by 280.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,934 shares during the period. Bernard Wealth Management Corp. purchased a new position in shares of Arbor Realty Trust in the 4th quarter valued at about $36,000. Glenmede Trust Co. NA boosted its stake in shares of 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 buying an additional 701 shares during the period. Finally, Quarry LP boosted its stake in shares of Arbor Realty Trust by 249.6% in the 4th quarter. Quarry LP now owns 3,531 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 2,521 shares during the period. 57.25% of the stock is currently owned by hedge funds and other 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.