JPMorgan Chase & Co. Cuts Arbor Realty Trust (NYSE:ABR) Price Target to $12.50

Arbor Realty Trust (NYSE:ABR) had its target price trimmed by JPMorgan Chase & Co. from $13.50 to $12.50 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an underweight rating on the real estate investment trust’s stock.

Several other research analysts also recently commented on the company. Keefe, Bruyette & Woods lowered their target price on Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. JMP Securities increased their price objective on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.00.

Arbor Realty Trust Trading Down 0.1 %

Shares of Arbor Realty Trust stock opened at $13.29 on Tuesday. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. Arbor Realty Trust has a 12-month low of $11.92 and a 12-month high of $15.94. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 9.85 and a beta of 2.04. The firm’s 50-day moving average price is $14.04 and its two-hundred day moving average price is $14.21.

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 12.94%. The ex-dividend date was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio is currently 127.41%.

Insider Buying and Selling

In related news, Director William C. Green purchased 5,269 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $14.17 per share, with a total value of $74,661.73. Following the completion of the purchase, the director now owns 178,797 shares in the company, valued at approximately $2,533,553.49. This represents a 3.04 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Arbor Realty Trust by 52.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock worth $4,535,000 after purchasing an additional 100,055 shares during the last quarter. Pathstone Holdings LLC increased its position in shares of Arbor Realty Trust by 42.0% during the third quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock worth $2,057,000 after buying an additional 39,072 shares during the period. Edgestream Partners L.P. bought a new position in Arbor Realty Trust during the third quarter worth $1,443,000. Intech Investment Management LLC bought a new position in shares of Arbor Realty Trust in the 3rd quarter worth about $820,000. Finally, Geode Capital Management LLC lifted its stake in shares of Arbor Realty Trust by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,298,957 shares of the real estate investment trust’s stock valued at $66,905,000 after purchasing an additional 45,370 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.