Arbor Realty Trust (NYSE:ABR) Price Target Cut to $16.00 by Analysts at JMP Securities

Arbor Realty Trust (NYSE:ABR) had its price target decreased by JMP Securities from $17.00 to $16.00 in a research report report published on Thursday, Marketbeat reports. JMP Securities currently has a market outperform rating on the real estate investment trust’s stock.

Several other research firms have also recently issued reports on ABR. TheStreet upgraded shares of Arbor Realty Trust from a d+ rating to a c rating in a research report on Monday, March 18th. Keefe, Bruyette & Woods reduced their price objective on shares of Arbor Realty Trust from $13.50 to $13.25 and set a market perform rating on the stock in a research report on Wednesday, April 10th. Wedbush reiterated a neutral rating and set a $13.00 price objective on shares of Arbor Realty Trust in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Arbor Realty Trust from $12.50 to $12.00 and set an underweight rating on the stock in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $14.54.

Arbor Realty Trust Trading Up 1.0 %

Arbor Realty Trust stock opened at $14.10 on Thursday. The stock has a market cap of $2.66 billion, a P/E ratio of 8.75 and a beta of 1.98. 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 1 year low of $11.77 and a 1 year high of $17.74. The firm’s 50 day moving average price is $13.38 and its 200-day moving average price is $13.61.

Arbor Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.20%. The ex-dividend date was Thursday, May 16th. Arbor Realty Trust’s dividend payout ratio is currently 106.83%.

Institutional Trading of Arbor Realty Trust

Large investors have recently made changes to their positions in the stock. Westside Investment Management Inc. purchased a new stake in shares of Arbor Realty Trust during the first quarter valued at $27,000. Cape Investment Advisory Inc. lifted its stake 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 during the period. ICA Group Wealth Management LLC purchased a new stake in Arbor Realty Trust in the fourth quarter worth about $35,000. Sound Income Strategies LLC lifted its stake in Arbor Realty Trust by 322.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 1,791 shares during the period. Finally, Scarborough Advisors LLC purchased a new stake in Arbor Realty Trust in the fourth quarter worth about $38,000. 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.