Arbor Realty Trust, Inc. (NYSE:ABR) Given Average Recommendation of “Hold” by Brokerages

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) have been assigned an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.00.

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased 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 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 for the company in a report on Tuesday, January 14th.

Insiders Place Their Bets

In related news, Director William C. Green purchased 5,269 shares of Arbor Realty Trust stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the transaction, the director now directly owns 178,797 shares of the company’s stock, valued at approximately $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

Several hedge funds have recently added to or reduced their stakes in ABR. GAMMA Investing LLC raised its position in shares of Arbor Realty Trust by 75.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 688 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Arbor Realty Trust in the third quarter valued at approximately $38,000. Glenmede Trust Co. NA raised its holdings in 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 worth $44,000 after purchasing an additional 701 shares during the period. KBC Group NV boosted its position in shares of Arbor Realty Trust by 39.1% during the third quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 1,796 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of Arbor Realty Trust in the 3rd quarter valued at $102,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Price Performance

Shares of ABR stock opened at $13.60 on Tuesday. Arbor Realty Trust has a 52 week low of $11.92 and a 52 week high of $15.94. The stock has a market capitalization of $2.56 billion, a PE ratio of 10.07 and a beta of 2.04. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. The stock’s fifty day moving average is $13.99 and its 200-day moving average is $14.18.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.72 annualized dividend and a yield of 12.65%. Arbor Realty Trust’s dividend payout ratio is currently 127.41%.

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.