Analysts Set Arbor Realty Trust, Inc. (NYSE:ABR) Price Target at $13.75

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

Several research firms have commented on ABR. Keefe, Bruyette & Woods dropped their price objective on shares of 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. Raymond James cut Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. decreased their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a report on Tuesday, January 21st.

Hedge Funds Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dunhill Financial LLC bought a new stake in shares of Arbor Realty Trust in the 4th quarter worth about $29,000. Bernard Wealth Management Corp. bought a new stake in Arbor Realty Trust in the fourth quarter worth about $36,000. Smartleaf Asset Management LLC boosted its position in shares of Arbor Realty Trust by 280.3% during the fourth 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. Glenmede Trust Co. NA grew its stake in shares of Arbor Realty Trust by 33.1% during the third 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 last quarter. Finally, Quarry LP raised its holdings in shares of Arbor Realty Trust by 249.6% in the fourth quarter. Quarry LP now owns 3,531 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 2,521 shares during the period. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Up 0.4 %

Shares of ABR opened at $12.29 on Wednesday. Arbor Realty Trust has a 12-month low of $11.43 and a 12-month high of $15.94. 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 has a market capitalization of $2.33 billion, a PE ratio of 10.32 and a beta of 2.05. The business’s 50 day moving average is $13.07 and its 200 day moving average is $14.06.

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

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.72 dividend on an annualized basis and a yield of 14.00%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 144.54%.

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.