Arbor Realty Trust (NYSE:ABR) Price Target Lowered to $11.75 at Keefe, Bruyette & Woods

Arbor Realty Trust (NYSE:ABR - Get Free Report) had its price target reduced by Keefe, Bruyette & Woods from $12.00 to $11.75 in a research note issued on Monday,Benzinga reports. The firm currently has a "market perform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 11.76% from the stock's current price.

A number of other equities research analysts have also issued reports on ABR. JPMorgan Chase & Co. dropped their target price on Arbor Realty Trust from $13.50 to $12.50 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. Raymond James downgraded shares of Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, February 24th. Two equities research 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.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.71.

Arbor Realty Trust Trading Up 0.7 %

Shares of Arbor Realty Trust stock traded up $0.07 during trading on Monday, reaching $10.51. 3,651,001 shares of the company were exchanged, compared to its average volume of 3,322,230. Arbor Realty Trust has a twelve month low of $9.66 and a twelve month high of $15.94. The business has a 50-day moving average price of $12.27 and a 200-day moving average price of $13.68. 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 firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 8.84 and a beta of 1.66.

Remove Ads

Arbor Realty Trust (NYSE:ABR - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $262.87 million during the quarter, compared to the consensus estimate of $88.92 million. Sell-side analysts anticipate that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Dunhill Financial LLC bought a new position in shares of Arbor Realty Trust during the fourth quarter worth approximately $29,000. Bernard Wealth Management Corp. bought a new position in Arbor Realty Trust during the 4th quarter worth $36,000. Smartleaf Asset Management LLC lifted its holdings 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 worth $36,000 after buying an additional 1,934 shares in the last quarter. Quarry LP boosted its position 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 valued at $49,000 after acquiring an additional 2,521 shares during the period. Finally, Shakespeare Wealth Management LLC acquired a new position in shares of Arbor Realty Trust in the fourth quarter valued at about $59,000. 57.25% of the stock is owned by 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.