Piper Sandler Cuts Arbor Realty Trust (NYSE:ABR) Price Target to $8.00

by · The Cerbat Gem

Arbor Realty Trust (NYSE:ABR – Get Free Report) had its price objective lowered by research analysts at Piper Sandler from $10.00 to $8.00 in a research report issued on Monday, MarketBeat Ratings reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. Piper Sandler’s price objective points to a potential upside of 0.45% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $8.50 target price (down from $11.00) on shares of Arbor Realty Trust in a research note on Monday, December 15th. Zacks Research upgraded shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arbor Realty Trust in a research report on Monday, December 15th. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Arbor Realty Trust currently has an average rating of “Reduce” and a consensus price target of $9.63.

Read Our Latest Research Report on ABR

Arbor Realty Trust Price Performance

ABR stock opened at $7.96 on Monday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 9.96 and a beta of 1.38. The firm’s 50-day moving average price is $9.70 and its two-hundred day moving average price is $10.82. The company has a current ratio of 287.79, a quick ratio of 287.79 and a debt-to-equity ratio of 2.51. Arbor Realty Trust has a 12-month low of $7.93 and a 12-month high of $14.33.

Arbor Realty Trust (NYSE:ABR – Get Free Report) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07. Arbor Realty Trust had a net margin of 20.07% and a return on equity of 11.63%. The company had revenue of $162.49 million during the quarter, compared to analyst estimates of $72.26 million. As a group, equities analysts predict that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Ivan Kaufman bought 29,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were purchased at an average cost of $8.34 per share, with a total value of $241,860.00. Following the completion of the purchase, the chief executive officer owned 54,000 shares in the company, valued at approximately $450,360. The trade was a 116.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in shares of Arbor Realty Trust by 72.1% in the second quarter. Advisors Asset Management Inc. now owns 564,323 shares of the real estate investment trust’s stock worth $6,038,000 after acquiring an additional 236,514 shares during the period. Geode Capital Management LLC grew its position in Arbor Realty Trust by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 4,557,182 shares of the real estate investment trust’s stock worth $48,769,000 after purchasing an additional 131,747 shares during the period. Penserra Capital Management LLC raised its stake in Arbor Realty Trust by 37.8% during the 2nd quarter. Penserra Capital Management LLC now owns 130,887 shares of the real estate investment trust’s stock valued at $1,400,000 after buying an additional 35,918 shares during the last quarter. Norges Bank bought a new position in shares of Arbor Realty Trust during the 2nd quarter valued at $1,725,000. Finally, Marshall Wace LLP bought a new stake in shares of Arbor Realty Trust in the second quarter worth $26,358,000. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Company Profile

(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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