Arbor Realty Trust (NYSE:ABR) PT Raised to $12.50

Arbor Realty Trust (NYSE:ABR) had its price objective increased by Piper Sandler from $12.00 to $12.50 in a research note released on Monday morning, Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

A number of other equities analysts also recently commented on the stock. JMP Securities decreased their price objective on shares of Arbor Realty Trust from $17.00 to $16.00 and set a market outperform rating for the company in a report on Thursday, June 20th. Keefe, Bruyette & Woods lifted their price objective on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the stock a market perform rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. reduced their price target on shares of Arbor Realty Trust from $12.00 to $11.50 and set an underweight rating for the company in a report on Tuesday, July 16th. Finally, Wedbush reissued a neutral rating and set a $13.00 price target on shares of Arbor Realty Trust in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $14.00.

Arbor Realty Trust Stock Performance

Arbor Realty Trust stock opened at $13.51 on Monday. The company has a market cap of $2.55 billion, a PE ratio of 8.39 and a beta of 2.03. The company has a fifty day moving average price of $13.86 and a two-hundred day moving average price of $13.36. The company has a debt-to-equity ratio of 3.14, a current ratio of 36.63 and a quick ratio of 36.63. Arbor Realty Trust has a 12 month low of $11.77 and a 12 month high of $16.76.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $297.19 million during the quarter, compared to the consensus estimate of $300.69 million. Arbor Realty Trust had a net margin of 26.05% and a return on equity of 17.04%. During the same quarter in the previous year, the company posted $0.56 earnings per share. Research analysts expect that Arbor Realty Trust will post 1.68 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 12.73%. The ex-dividend date is Friday, August 16th. Arbor Realty Trust’s dividend payout ratio (DPR) is 106.83%.

Institutional Investors Weigh In On Arbor Realty Trust

Several institutional investors have recently bought and sold shares of ABR. Westside Investment Management Inc. acquired a new stake in Arbor Realty Trust in the first quarter worth about $27,000. Cape Investment Advisory Inc. raised its position in Arbor Realty Trust by 671.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 2,015 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in Arbor Realty Trust in the fourth quarter worth about $35,000. Scarborough Advisors LLC bought a new stake in Arbor Realty Trust in the fourth quarter worth about $38,000. Finally, National Bank of Canada FI bought a new stake in Arbor Realty Trust in the fourth quarter worth about $58,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

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.