ARBOR RLTY TR I/SH (NYSE:ABR) Downgraded to “Sell” at ValuEngine

ValuEngine downgraded shares of ARBOR RLTY TR I/SH (NYSE:ABR) from a hold rating to a sell rating in a research note published on Tuesday morning, ValuEngine reports.

Several other equities research analysts have also weighed in on ABR. Zacks Investment Research lowered ARBOR RLTY TR I/SH from a hold rating to a sell rating in a research note on Friday, November 8th. Raymond James upgraded ARBOR RLTY TR I/SH from a market perform rating to an outperform rating and set a $14.50 target price for the company in a research report on Wednesday, August 21st. Finally, JMP Securities set a $14.50 price target on ARBOR RLTY TR I/SH and gave the company a market outperform rating in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $13.60.

NYSE:ABR opened at $14.89 on Tuesday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 15.03 and a current ratio of 15.03. The company has a 50-day moving average of $14.39 and a 200-day moving average of $13.01. ARBOR RLTY TR I/SH has a 52 week low of $9.62 and a 52 week high of $15.77. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 12.31 and a beta of 0.64.

ARBOR RLTY TR I/SH (NYSE:ABR) last posted its quarterly earnings results on Friday, November 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The firm had revenue of $32.45 million during the quarter, compared to analyst estimates of $34.73 million. ARBOR RLTY TR I/SH had a net margin of 44.18% and a return on equity of 13.03%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. Sell-side analysts forecast that ARBOR RLTY TR I/SH will post 1.25 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.06%. The ex-dividend date was Thursday, November 14th. ARBOR RLTY TR I/SH’s dividend payout ratio (DPR) is currently 99.17%.

In other news, Director William C. Green purchased 20,000 shares of ARBOR RLTY TR I/SH stock in a transaction on Monday, September 16th. The shares were purchased at an average cost of $12.83 per share, for a total transaction of $256,600.00. Following the completion of the transaction, the director now directly owns 121,265 shares in the company, valued at $1,555,829.95. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Hall Anthony 2,500,000 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. Company insiders own 10.50% of the company’s stock.

Several large investors have recently bought and sold shares of ABR. LSV Asset Management grew its position in ARBOR RLTY TR I/SH by 29.6% during the 2nd quarter. LSV Asset Management now owns 3,969,763 shares of the real estate investment trust’s stock worth $48,113,000 after acquiring an additional 907,244 shares during the last quarter. Vanguard Group Inc. raised its position in ARBOR RLTY TR I/SH by 10.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,747,316 shares of the real estate investment trust’s stock valued at $45,418,000 after purchasing an additional 343,778 shares during the last quarter. Wasatch Advisors Inc. raised its position in ARBOR RLTY TR I/SH by 33.7% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,642,838 shares of the real estate investment trust’s stock valued at $32,031,000 after purchasing an additional 666,388 shares during the last quarter. UBS Group AG boosted its stake in ARBOR RLTY TR I/SH by 10.9% in the second quarter. UBS Group AG now owns 2,336,199 shares of the real estate investment trust’s stock worth $28,315,000 after purchasing an additional 230,039 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in ARBOR RLTY TR I/SH by 939.2% in the second quarter. Marshall Wace LLP now owns 1,365,306 shares of the real estate investment trust’s stock worth $16,547,000 after purchasing an additional 1,233,920 shares in the last quarter. Institutional investors own 42.46% of the company’s stock.

ARBOR RLTY TR I/SH Company Profile

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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