Citizens Jmp Cuts Arbor Realty Trust (NYSE:ABR) Price Target to $8.50

by · The Cerbat Gem

Arbor Realty Trust (NYSE:ABR – Get Free Report) had its price target decreased by stock analysts at Citizens Jmp from $9.50 to $8.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the real estate investment trust’s stock. Citizens Jmp’s price target indicates a potential upside of 46.68% from the stock’s current price.

A number of other brokerages have also recently issued reports on ABR. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods decreased their price target on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a research note on Tuesday. Finally, Weiss Ratings lowered Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $8.00.

Get Our Latest Research Report on Arbor Realty Trust

Arbor Realty Trust Stock Down 1.4%

ABR traded down $0.09 during midday trading on Thursday, hitting $5.80. 858,843 shares of the company’s stock traded hands, compared to its average volume of 3,972,803. The company has a debt-to-equity ratio of 2.71, a current ratio of 428.41 and a quick ratio of 394.59. The company has a market cap of $1.11 billion, a PE ratio of 14.86 and a beta of 1.24. The stock’s fifty day simple moving average is $7.74 and its 200-day simple moving average is $8.19. Arbor Realty Trust has a one year low of $5.69 and a one year high of $12.57.

Arbor Realty Trust (NYSE:ABR – Get Free Report) last posted its earnings results on Friday, May 8th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.09). Arbor Realty Trust had a return on equity of 8.49% and a net margin of 12.73%.The business had revenue of $119.67 million during the quarter, compared to the consensus estimate of $109.86 million. As a group, equities analysts anticipate that Arbor Realty Trust will post 0.77 earnings per share for the current fiscal year.

Insider Activity

In other news, insider David Erwin Friedman sold 7,685 shares of Arbor Realty Trust stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $6.87, for a total value of $52,795.95. Following the transaction, the insider directly owned 59,638 shares in the company, valued at approximately $409,713.06. The trade was a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Arbor Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in shares of Arbor Realty Trust by 3.5% in the first quarter. Royal Bank of Canada now owns 132,181 shares of the real estate investment trust’s stock valued at $1,553,000 after acquiring an additional 4,470 shares during the period. Jones Financial Companies Lllp increased its position in Arbor Realty Trust by 25,163.2% during the first quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 4,781 shares during the period. United Services Automobile Association bought a new position in Arbor Realty Trust during the first quarter worth $145,000. Focus Partners Wealth acquired a new position in Arbor Realty Trust during the 1st quarter valued at $161,000. Finally, Russell Investments Group Ltd. boosted its holdings in Arbor Realty Trust by 61.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,705 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,782 shares during the period. Institutional investors and hedge funds own 57.25% of the company’s stock.

About Arbor Realty Trust

(Get Free Report)

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.

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