Keefe, Bruyette & Woods Has Lowered Expectations for Arbor Realty Trust (NYSE:ABR) Stock Price

Arbor Realty Trust (NYSE:ABR) had its target price decreased by stock analysts at Keefe, Bruyette & Woods from $13.50 to $12.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 2.97% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their target price 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. Raymond James lowered shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Arbor Realty Trust currently has an average rating of “Hold” and a consensus price target of $13.75.

Arbor Realty Trust Stock Down 2.9 %

Shares of NYSE ABR opened at $11.65 on Tuesday. Arbor Realty Trust has a 1 year low of $11.46 and a 1 year high of $15.94. The company has a market capitalization of $2.20 billion, a P/E ratio of 9.79 and a beta of 2.03. The company has a 50 day simple moving average of $13.59 and a 200-day simple moving average of $14.20. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 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 analysts’ expectations of $88.92 million. Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. On average, equities research analysts predict that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Insider Activity

In related news, Director William C. Green purchased 5,269 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.70% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Trust N.A. raised its holdings in Arbor Realty Trust by 3.0% during the third 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% during the 3rd 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 in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Arbor Realty Trust by 4.3% in 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 purchasing an additional 774 shares during the period. Natixis Advisors LLC boosted its holdings in Arbor Realty Trust by 5.0% during the fourth quarter. Natixis Advisors LLC now owns 16,728 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 797 shares in the last quarter. Finally, Principal Securities Inc. grew its position in Arbor Realty Trust by 10.0% during the fourth quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 825 shares during the period. 57.25% of the stock is owned by hedge funds and other institutional investors.

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.