Arbor Realty Trust, Inc. (NYSE:ABR) Given Consensus Recommendation of “Hold” by Brokerages

Arbor Realty Trust, Inc. (NYSE:ABR) has earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $14.25.

Several research analysts have recently issued reports on ABR shares. JPMorgan Chase & Co. raised their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. JMP Securities raised their target price on Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, September 27th. Piper Sandler upped their price target on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research note on Monday, August 5th. Finally, Raymond James increased their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th.

Hedge Funds Weigh In On Arbor Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in Arbor Realty Trust by 75.5% in the third quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 688 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Arbor Realty Trust during the third quarter worth $38,000. Glenmede Trust Co. NA lifted its position in Arbor Realty Trust by 33.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 701 shares in the last quarter. KBC Group NV boosted its stake in Arbor Realty Trust by 39.1% in the 3rd quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 1,796 shares during the period. Finally, Prospera Private Wealth LLC bought a new position in Arbor Realty Trust during the 3rd quarter worth about $102,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Price Performance

Shares of ABR stock opened at $14.67 on Monday. The firm’s 50 day moving average price is $15.09 and its two-hundred day moving average price is $14.23. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. Arbor Realty Trust has a 52-week low of $11.92 and a 52-week high of $16.35. The stock has a market cap of $2.77 billion, a PE ratio of 10.87 and a beta of 2.06.

Arbor Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.72%. The ex-dividend date was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio is currently 127.41%.

Arbor Realty Trust Company Profile

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.