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

Arbor Realty Trust, Inc. (NYSE:ABR) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $14.25.

ABR has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research note on Thursday, October 17th. JMP Securities lifted their price objective on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, September 27th. Finally, Raymond James upped their target price on Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th.

Insider Activity at Arbor Realty Trust

In related news, Director William C. Green bought 5,269 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $14.17 per share, with a total value 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 approximately $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arbor Realty Trust

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

Arbor Realty Trust Price Performance

Shares of NYSE:ABR opened at $13.92 on Friday. Arbor Realty Trust has a twelve month low of $11.92 and a twelve month high of $16.35. The company has a current ratio of 35.68, a quick ratio of 35.68 and a debt-to-equity ratio of 2.67. The company has a market cap of $2.63 billion, a PE ratio of 10.31 and a beta of 2.03. The company’s 50 day moving average is $14.67 and its 200 day moving average is $14.29.

Arbor Realty Trust Announces Dividend

The firm also recently announced 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 12.36%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 127.41%.

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.