Arbor Realty Trust (NYSE:ABR) Price Target Lowered to $12.00 at JPMorgan Chase & Co.

by · The Cerbat Gem

Arbor Realty Trust (NYSE:ABR – Free Report) had its price objective reduced by JPMorgan Chase & Co. from $12.50 to $12.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

A number of other analysts also recently weighed in on ABR. Keefe, Bruyette & Woods decreased their price target on Arbor Realty Trust from $14.50 to $13.50 and set a market perform rating on the stock in a research note on Wednesday, February 21st. Wedbush restated an outperform rating and set a $17.00 target price on shares of Arbor Realty Trust in a research report on Tuesday, February 20th. TheStreet upgraded shares of Arbor Realty Trust from a d+ rating to a c rating in a report on Monday, March 18th. Finally, JMP Securities decreased their price objective on shares of Arbor Realty Trust from $19.00 to $17.00 and set a market outperform rating on the stock in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $14.71.

Read Our Latest Analysis on ABR

Arbor Realty Trust Price Performance

Shares of NYSE:ABR opened at $12.20 on Wednesday. Arbor Realty Trust has a 52 week low of $10.10 and a 52 week high of $17.74. The company has a 50-day moving average price of $12.90 and a 200 day moving average price of $13.58. The company has a market cap of $2.30 billion, a P/E ratio of 6.93 and a beta of 1.97. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 3.21.

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.72 annualized dividend and a dividend yield of 14.10%. Arbor Realty Trust’s dividend payout ratio is currently 97.73%.

Insider Activity at Arbor Realty Trust

In related news, Director William C. Green purchased 10,209 shares of the company’s stock in a transaction on Monday, March 18th. The stock was bought at an average price of $12.93 per share, with a total value of $132,002.37. Following the completion of the transaction, the director now owns 162,809 shares of the company’s stock, valued at approximately $2,105,120.37. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is owned by corporate insiders.

Institutional Trading of Arbor Realty Trust

A number of hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. boosted its stake in Arbor Realty Trust by 70.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 34,225 shares of the real estate investment trust’s stock worth $520,000 after buying an additional 14,167 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Arbor Realty Trust by 254.7% during the 4th quarter. Quadrature Capital Ltd now owns 45,500 shares of the real estate investment trust’s stock worth $690,000 after acquiring an additional 32,673 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Arbor Realty Trust by 16.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,131 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 1,010 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Arbor Realty Trust by 38.1% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 21,866 shares of the real estate investment trust’s stock valued at $332,000 after purchasing an additional 6,037 shares during the period. Finally, Vanguard Group Inc. increased its position in Arbor Realty Trust by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock worth $286,612,000 after purchasing an additional 235,364 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

About Arbor Realty Trust

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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.

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