Keefe, Bruyette & Woods Cuts Arbor Realty Trust (NYSE:ABR) Price Target to $12.00

Arbor Realty Trust (NYSE:ABR - Get Free Report) had its target price lowered by equities research analysts at Keefe, Bruyette & Woods from $13.50 to $12.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "market perform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price target suggests a potential downside of 3.03% from the stock's previous close.

A number of other research analysts have also weighed in on ABR. JPMorgan Chase & Co. reduced their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. Raymond James cut Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research note on Monday. Two 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. Based on data from MarketBeat, Arbor Realty Trust has a consensus rating of "Hold" and an average target price of $13.75.

Arbor Realty Trust Stock Up 2.2 %

Shares of ABR stock traded up $0.27 during mid-day trading on Tuesday, reaching $12.38. 3,914,562 shares of the company's stock traded hands, compared to its average volume of 3,382,298. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41. The company's 50-day moving average price is $13.46 and its 200-day moving average price is $14.15. The company has a market cap of $2.35 billion, a P/E ratio of 10.40 and a beta of 2.03. Arbor Realty Trust has a 12 month low of $11.43 and a 12 month high of $15.94.

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Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $262.87 million during the quarter, compared to analysts' expectations of $88.92 million. On average, equities analysts expect that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price 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 $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On Arbor Realty Trust

Institutional investors have recently modified their holdings of the business. State Street Corp lifted its stake in Arbor Realty Trust by 0.5% during the 3rd quarter. State Street Corp now owns 7,207,950 shares of the real estate investment trust's stock valued at $112,156,000 after acquiring an additional 32,788 shares during the period. Geode Capital Management LLC raised its holdings in shares of Arbor Realty Trust by 1.1% during the third quarter. Geode Capital Management LLC now owns 4,298,957 shares of the real estate investment trust's stock valued at $66,905,000 after purchasing an additional 45,370 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Arbor Realty Trust by 1.0% during the 4th quarter. Wasatch Advisors LP now owns 3,547,158 shares of the real estate investment trust's stock valued at $49,128,000 after buying an additional 35,777 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Arbor Realty Trust by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,493,105 shares of the real estate investment trust's stock worth $34,530,000 after purchasing an additional 89,309 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Arbor Realty Trust by 10.0% during the fourth quarter. Northern Trust Corp now owns 2,432,509 shares of the real estate investment trust's stock valued at $33,690,000 after buying an additional 220,471 shares during the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

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.