Deutsche Bank cut shares of ARBOR RLTY TR I/SH (NYSE:ABR) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, MarketBeat reports. The firm currently has $11.00 target price on the real estate investment trust’s stock.
ABR has been the topic of a number of other research reports. Zacks Investment Research downgraded ARBOR RLTY TR I/SH from a strong-buy rating to a hold rating in a research report on Monday, January 7th. JPMorgan Chase & Co. downgraded ARBOR RLTY TR I/SH from a neutral rating to an underweight rating and set a $11.55 price objective on the stock. in a research report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $12.11.
Shares of ABR stock opened at $12.91 on Tuesday. The company has a current ratio of 13.12, a quick ratio of 12.61 and a debt-to-equity ratio of 1.97. ARBOR RLTY TR I/SH has a 52-week low of $8.30 and a 52-week high of $12.91. The firm has a market capitalization of $1.10 billion, a P/E ratio of 10.67 and a beta of 0.57.
ARBOR RLTY TR I/SH (NYSE:ABR) last issued its quarterly earnings data on Friday, February 15th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.21. ARBOR RLTY TR I/SH had a return on equity of 14.74% and a net margin of 51.33%. The company had revenue of $73.36 million for the quarter, compared to the consensus estimate of $69.20 million. During the same quarter last year, the business posted $0.25 earnings per share. On average, analysts predict that ARBOR RLTY TR I/SH will post 1.2 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, February 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.37%. ARBOR RLTY TR I/SH’s dividend payout ratio (DPR) is currently 89.26%.
Several large investors have recently made changes to their positions in the company. Nordea Investment Management AB bought a new position in shares of ARBOR RLTY TR I/SH during the fourth quarter valued at about $35,000. Advisory Services Network LLC grew its stake in shares of ARBOR RLTY TR I/SH by 16.7% in the fourth quarter. Advisory Services Network LLC now owns 11,947 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 1,713 shares during the last quarter. Cetera Advisors LLC bought a new stake in shares of ARBOR RLTY TR I/SH in the fourth quarter worth about $203,000. Cetera Advisor Networks LLC bought a new stake in shares of ARBOR RLTY TR I/SH in the fourth quarter worth about $167,000. Finally, First Allied Advisory Services Inc. grew its stake in shares of ARBOR RLTY TR I/SH by 18.3% in the fourth quarter. First Allied Advisory Services Inc. now owns 19,688 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 3,046 shares during the last quarter. 50.58% of the stock is currently 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. It operates in two segments, Structured Business and Agency Business. The company 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.
Further Reading: What is Cost of Debt?
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.