Arbor Realty Trust (ABR) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Arbor Realty Trust (NYSE:ABR) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Arbor Realty Trust is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. “

Separately, JPMorgan Chase & Co. began coverage on shares of Arbor Realty Trust in a report on Thursday, December 21st. They set a neutral rating and a $8.50 price target for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Arbor Realty Trust presently has a consensus rating of Hold and an average price target of $8.94.

Shares of Arbor Realty Trust (NYSE ABR) traded down $0.05 during trading hours on Tuesday, hitting $8.53. 150,546 shares of the stock were exchanged, compared to its average volume of 492,550. Arbor Realty Trust has a 1-year low of $7.11 and a 1-year high of $8.99. The company has a quick ratio of 13.19, a current ratio of 13.19 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $525.09, a PE ratio of 8.45 and a beta of 0.63.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. The firm had revenue of $42.14 million during the quarter. Arbor Realty Trust had a net margin of 57.54% and a return on equity of 11.61%. equities research analysts forecast that Arbor Realty Trust will post 1 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in Arbor Realty Trust by 7.2% during the second quarter. Wells Fargo & Company MN now owns 40,267 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 2,720 shares in the last quarter. First Trust Advisors LP raised its holdings in Arbor Realty Trust by 15.6% during the second quarter. First Trust Advisors LP now owns 38,638 shares of the real estate investment trust’s stock worth $322,000 after purchasing an additional 5,217 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Arbor Realty Trust by 22.7% during the third quarter. Dynamic Technology Lab Private Ltd now owns 42,831 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 7,916 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Arbor Realty Trust during the third quarter worth about $107,000. Finally, Prudential Financial Inc. purchased a new position in Arbor Realty Trust during the second quarter worth about $110,000. 45.67% of the stock is owned by hedge funds and other institutional investors.

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Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.

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