Arbor Realty Trust (NYSE:ABR) Price Target Cut to $12.00 by Analysts at Keefe, Bruyette & Woods

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

ABR has been the subject of several other research reports. Raymond James downgraded Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Monday. JPMorgan Chase & Co. cut their target price on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.75.

Arbor Realty Trust Price Performance

Shares of NYSE ABR opened at $11.65 on Tuesday. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. The company’s 50-day moving average price is $13.59 and its 200 day moving average price is $14.20. Arbor Realty Trust has a 52 week low of $11.46 and a 52 week high of $15.94. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 9.79 and a beta of 2.03.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. The business had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. As a group, research analysts forecast that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Insider Transactions at Arbor Realty Trust

In related news, Director William C. Green purchased 5,269 shares of the business’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 purchase, the director now directly owns 178,797 shares in the company, valued at approximately $2,533,553.49. This trade represents a 3.04 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds have recently made changes to their positions in ABR. Creative Planning raised its position in Arbor Realty Trust by 12.0% in the third quarter. Creative Planning now owns 39,179 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 4,184 shares during the period. Raymond James & Associates grew its position in Arbor Realty Trust by 5.7% in the third quarter. Raymond James & Associates now owns 478,026 shares of the real estate investment trust’s stock valued at $7,438,000 after acquiring an additional 25,975 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Arbor Realty Trust during the third quarter valued at approximately $5,150,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Arbor Realty Trust by 24.4% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,641 shares of the real estate investment trust’s stock worth $368,000 after purchasing an additional 4,640 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Arbor Realty Trust by 6.3% in the third quarter. US Bancorp DE now owns 16,504 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 979 shares during the period. Hedge funds and other institutional investors own 57.25% of the company’s stock.

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.