Arbor Realty Trust (NYSE:ABR - Get Free Report) had its price target lowered by stock analysts at JPMorgan Chase & Co. from $11.50 to $10.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "underweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective would suggest a potential downside of 1.59% from the company's previous close.
A number of other research firms have also recently issued reports on ABR. Keefe, Bruyette & Woods lowered their price objective on Arbor Realty Trust from $12.00 to $11.75 and set a "market perform" rating on the stock in a research report on Monday, April 7th. Raymond James cut shares of Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.38.
Get Our Latest Research Report on ABR
Arbor Realty Trust Stock Performance
Shares of Arbor Realty Trust stock traded down $0.36 during midday trading on Wednesday, hitting $10.67. The company had a trading volume of 1,802,256 shares, compared to its average volume of 3,305,681. The stock has a market cap of $2.02 billion, a PE ratio of 8.97 and a beta of 1.66. Arbor Realty Trust has a 1-year low of $9.66 and a 1-year high of $15.94. The business's 50 day simple moving average is $11.98 and its two-hundred day simple moving average is $13.51. 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 - Get Free Report) last posted 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). Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. The company had revenue of $262.87 million for the quarter, compared to the consensus estimate of $88.92 million. As a group, equities analysts predict that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.
Institutional Trading of Arbor Realty Trust
Several hedge funds have recently modified their holdings of ABR. CIBC Asset Management Inc grew its holdings in shares of Arbor Realty Trust by 4.3% during the fourth quarter. CIBC Asset Management Inc now owns 18,676 shares of the real estate investment trust's stock worth $259,000 after purchasing an additional 774 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of 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 purchasing an additional 797 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of Arbor Realty Trust by 10.0% in the fourth quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust's stock valued at $126,000 after purchasing an additional 825 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Arbor Realty Trust by 0.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 153,494 shares of the real estate investment trust's stock worth $2,126,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Xponance Inc. boosted its position in Arbor Realty Trust by 10.0% in the 4th quarter. Xponance Inc. now owns 13,288 shares of the real estate investment trust's stock valued at $184,000 after buying an additional 1,209 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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