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

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) have received an average recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Two equities research 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 target among brokerages that have updated their coverage on the stock in the last year is $14.67.

ABR has been the subject of several recent research reports. TheStreet upgraded shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research note on Monday, March 18th. Keefe, Bruyette & Woods increased 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 research note on Wednesday. Wedbush reissued a “neutral” rating and issued a $13.00 target price on shares of Arbor Realty Trust in a report on Monday, May 6th. JPMorgan Chase & Co. lowered their target price on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a report on Wednesday, April 10th. Finally, JMP Securities cut their price target on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a report on Thursday, June 20th.

Institutional Trading of Arbor Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Arbor Realty Trust in the fourth quarter valued at $18,775,000. Azora Capital LP purchased a new stake in shares of Arbor Realty Trust during the fourth quarter valued at $14,932,000. Vanguard Group Inc. boosted its position in shares of Arbor Realty Trust by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 18,645,518 shares of the real estate investment trust’s stock valued at $283,039,000 after purchasing an additional 743,221 shares during the period. Wasatch Advisors LP increased its stake in Arbor Realty Trust by 31.9% in the 4th quarter. Wasatch Advisors LP now owns 3,004,789 shares of the real estate investment trust’s stock worth $45,613,000 after purchasing an additional 726,685 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Arbor Realty Trust during the 3rd quarter worth about $6,220,000. 57.25% of the stock is currently owned by institutional investors.

Arbor Realty Trust Price Performance

Shares of ABR opened at $15.53 on Friday. Arbor Realty Trust has a 52 week low of $11.77 and a 52 week high of $17.74. The company has a current ratio of 36.63, a quick ratio of 36.63 and a debt-to-equity ratio of 3.14. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 9.65 and a beta of 2.03. The stock has a 50 day moving average of $13.95 and a 200-day moving average of $13.59.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 11.08%. The ex-dividend date of this dividend was Thursday, May 16th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 106.83%.

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.