Arbor Realty Trust (NYSE:ABR) Given New $13.50 Price Target at Keefe, Bruyette & Woods

Arbor Realty Trust (NYSE:ABR) had its price target trimmed by Keefe, Bruyette & Woods from $14.25 to $13.50 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a market perform rating on the real estate investment trust’s stock.

A number of other equities analysts also recently commented on ABR. Raymond James lifted their target price on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. JMP Securities upped their price objective on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. raised their target price on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Arbor Realty Trust presently has an average rating of “Hold” and an average target price of $14.17.

Arbor Realty Trust Stock Up 1.1 %

Shares of ABR opened at $13.31 on Tuesday. The stock has a fifty day simple moving average of $14.32 and a two-hundred day simple moving average of $14.26. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. The company has a market capitalization of $2.51 billion, a PE ratio of 9.86 and a beta of 2.04. Arbor Realty Trust has a 52-week low of $11.92 and a 52-week high of $15.94.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.72 annualized dividend and a dividend yield of 12.92%. Arbor Realty Trust’s dividend payout ratio is presently 127.41%.

Insider Buying and Selling

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $14.17 per share, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ABR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Arbor Realty Trust by 52.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock worth $4,535,000 after buying an additional 100,055 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Arbor Realty Trust in the third quarter valued at $1,443,000. Pathstone Holdings LLC boosted its holdings in Arbor Realty Trust by 42.0% in the third quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock valued at $2,057,000 after purchasing an additional 39,072 shares during the period. Intech Investment Management LLC acquired a new position in Arbor Realty Trust during the 3rd quarter worth $820,000. Finally, Geode Capital Management LLC increased its holdings in Arbor Realty Trust by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,298,957 shares of the real estate investment trust’s stock worth $66,905,000 after purchasing an additional 45,370 shares during the period. 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.