ARBOR RLTY TR I/SH (NYSE:ABR) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research cut shares of ARBOR RLTY TR I/SH (NYSE:ABR) from a hold rating to a sell rating in a research report sent to investors on Friday morning, Zacks.com reports.

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. “

Other equities research analysts also recently issued research reports about the stock. Raymond James increased their target price on shares of ARBOR RLTY TR I/SH from $14.50 to $15.50 and gave the stock an outperform rating in a research note on Tuesday, November 5th. JMP Securities increased their target price on shares of ARBOR RLTY TR I/SH from $14.50 to $15.00 and gave the stock a market outperform rating in a research note on Monday, November 4th. Finally, ValuEngine upgraded shares of ARBOR RLTY TR I/SH from a sell rating to a hold rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $13.90.

Shares of ABR traded down $0.42 during mid-day trading on Friday, hitting $15.00. 2,211,396 shares of the company’s stock were exchanged, compared to its average volume of 1,258,094. ARBOR RLTY TR I/SH has a fifty-two week low of $9.62 and a fifty-two week high of $15.77. The firm has a market capitalization of $1.51 billion, a P/E ratio of 12.40 and a beta of 0.61. The business’s 50 day moving average is $13.53 and its two-hundred day moving average is $12.84. The company has a current ratio of 15.03, a quick ratio of 15.10 and a debt-to-equity ratio of 2.07.

ARBOR RLTY TR I/SH (NYSE:ABR) last announced its earnings results on Friday, November 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. ARBOR RLTY TR I/SH had a net margin of 44.18% and a return on equity of 13.03%. The business had revenue of $32.45 million during the quarter, compared to the consensus estimate of $34.73 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, equities research analysts forecast that ARBOR RLTY TR I/SH will post 1.27 earnings per share for the current year.

The company also recently declared a dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. ARBOR RLTY TR I/SH’s dividend payout ratio is currently 95.87%.

In other news, insider Hall Anthony 2,500,000 shares of the company’s stock in a transaction on Thursday, October 17th. Also, Director Melvin F. Lazar purchased 4,559 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of $12.16 per share, with a total value of $55,437.44. Following the completion of the acquisition, the director now directly owns 205,000 shares of the company’s stock, valued at $2,492,800. The disclosure for this purchase can be found here. Corporate insiders own 10.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE purchased a new position in ARBOR RLTY TR I/SH during the second quarter worth about $56,000. Catalyst Capital Advisors LLC increased its holdings in ARBOR RLTY TR I/SH by 256.2% in the third quarter. Catalyst Capital Advisors LLC now owns 7,480 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 5,380 shares in the last quarter. Gateway Advisory LLC purchased a new position in ARBOR RLTY TR I/SH in the third quarter valued at about $141,000. Concorde Asset Management LLC purchased a new position in ARBOR RLTY TR I/SH in the third quarter valued at about $153,000. Finally, MML Investors Services LLC purchased a new position in ARBOR RLTY TR I/SH in the second quarter valued at about $149,000. 48.25% of the stock is owned by hedge funds and other institutional investors.

About ARBOR RLTY TR I/SH

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The company operates in two segments, Structured Business and Agency Business. It primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.

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