ARBOR RLTY TR I/SH (NYSE:ABR) Cut to Sell at ValuEngine

Share on StockTwits

ValuEngine lowered shares of ARBOR RLTY TR I/SH (NYSE:ABR) from a hold rating to a sell rating in a research report report published on Thursday, ValuEngine reports.

Several other research analysts have also weighed in on the company. TheStreet lowered ARBOR RLTY TR I/SH from a b- rating to a c+ rating in a research report on Friday, May 17th. Zacks Investment Research lowered ARBOR RLTY TR I/SH from a buy rating to a hold rating in a research report on Tuesday, July 30th. Finally, BTIG Research set a $14.00 price objective on ARBOR RLTY TR I/SH and gave the stock a buy rating in a research report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $12.89.

ABR stock opened at $12.21 on Thursday. The stock has a 50-day moving average price of $12.31 and a 200-day moving average price of $12.71. ARBOR RLTY TR I/SH has a 1-year low of $9.62 and a 1-year high of $13.94. The company has a current ratio of 15.10, a quick ratio of 15.10 and a debt-to-equity ratio of 2.09. The firm has a market cap of $1.14 billion, a PE ratio of 10.09 and a beta of 0.62.

ARBOR RLTY TR I/SH (NYSE:ABR) last posted its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. ARBOR RLTY TR I/SH had a return on equity of 13.20% and a net margin of 44.17%. The firm had revenue of $82.17 million during the quarter, compared to analyst estimates of $73.10 million. On average, analysts forecast that ARBOR RLTY TR I/SH will post 1.15 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 9.17%. The ex-dividend date is Wednesday, August 14th. ARBOR RLTY TR I/SH’s dividend payout ratio (DPR) is presently 95.87%.

In other ARBOR RLTY TR I/SH news, Director Melvin F. Lazar acquired 4,559 shares of the stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of $12.16 per share, with a total value of $55,437.44. Following the transaction, the director now owns 205,000 shares in the company, valued at approximately $2,492,800. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 10.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. LSV Asset Management increased its position in ARBOR RLTY TR I/SH by 29.6% in the 2nd quarter. LSV Asset Management now owns 3,969,763 shares of the real estate investment trust’s stock valued at $48,113,000 after buying an additional 907,244 shares in the last quarter. Vanguard Group Inc. increased 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 buying an additional 343,778 shares in the last quarter. Wasatch Advisors Inc. increased 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 buying an additional 666,388 shares in the last quarter. UBS Group AG increased its position in ARBOR RLTY TR I/SH by 10.9% in the 2nd quarter. UBS Group AG now owns 2,336,199 shares of the real estate investment trust’s stock valued at $28,315,000 after buying an additional 230,039 shares in the last quarter. Finally, Marshall Wace LLP increased its position in ARBOR RLTY TR I/SH by 939.2% in the 2nd quarter. Marshall Wace LLP now owns 1,365,306 shares of the real estate investment trust’s stock valued at $16,547,000 after buying an additional 1,233,920 shares in the last quarter. 48.29% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: What are convertible shares? 

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for ARBOR RLTY TR I/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARBOR RLTY TR I/SH and related companies with MarketBeat.com's FREE daily email newsletter.