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

Zacks Investment Research lowered shares of Arbor Realty Trust (NYSE:ABR) from a strong-buy rating to a hold rating in a report released on Tuesday.

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 research note on Thursday, December 21st. They issued a neutral rating and a $8.50 price objective for the company. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $8.94.

Arbor Realty Trust (NYSE ABR) traded down $0.05 during midday trading on Tuesday, reaching $8.53. 150,546 shares of the company’s stock traded hands, compared to its average volume of 492,550. The company has a quick ratio of 13.19, a current ratio of 13.19 and a debt-to-equity ratio of 1.72. Arbor Realty Trust has a one year low of $7.11 and a one year high of $8.99. The firm has a market capitalization of $525.09, a P/E ratio of 8.45 and a beta of 0.63.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings data on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. Arbor Realty Trust had a net margin of 57.54% and a return on equity of 11.61%. The company had revenue of $42.14 million during the quarter. sell-side analysts anticipate that Arbor Realty Trust will post 1 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. Wasatch Advisors Inc. raised its holdings in shares of Arbor Realty Trust by 1.1% in the third quarter. Wasatch Advisors Inc. now owns 2,425,742 shares of the real estate investment trust’s stock valued at $19,891,000 after buying an additional 27,044 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Arbor Realty Trust by 15.2% in the second quarter. Vanguard Group Inc. now owns 2,054,446 shares of the real estate investment trust’s stock valued at $17,134,000 after buying an additional 271,595 shares during the last quarter. Orinda Asset Management LLC raised its holdings in shares of Arbor Realty Trust by 16.8% in the third quarter. Orinda Asset Management LLC now owns 610,457 shares of the real estate investment trust’s stock valued at $5,006,000 after buying an additional 87,621 shares during the last quarter. ClariVest Asset Management LLC raised its holdings in shares of Arbor Realty Trust by 11.4% in the third quarter. ClariVest Asset Management LLC now owns 549,279 shares of the real estate investment trust’s stock valued at $4,502,000 after buying an additional 56,092 shares during the last quarter. Finally, Laurion Capital Management LP purchased a new stake in shares of Arbor Realty Trust in the second quarter valued at about $2,934,000. 45.67% of the stock is owned by institutional investors and hedge funds.

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About Arbor Realty Trust

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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