Brokerages Set Arbor Realty Trust, Inc. (NYSE:ABR) PT at $14.00

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $14.00.

ABR has been the topic of a number of analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st.

Insider Buying and Selling at Arbor Realty Trust

In related news, Director William C. Green purchased 5,269 shares of Arbor Realty Trust stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the transaction, the director now directly owns 178,797 shares of the company’s stock, valued at $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of ABR. Raymond James Financial Inc. purchased a new position in shares of Arbor Realty Trust during the fourth quarter valued at about $15,967,000. Invesco Ltd. increased its position in shares of Arbor Realty Trust by 90.2% during the fourth quarter. Invesco Ltd. now owns 1,687,307 shares of the real estate investment trust’s stock valued at $23,369,000 after buying an additional 799,973 shares during the period. Wasatch Advisors LP increased its position in shares of Arbor Realty Trust by 29.4% during the third quarter. Wasatch Advisors LP now owns 3,511,381 shares of the real estate investment trust’s stock valued at $54,637,000 after buying an additional 797,453 shares during the period. Norges Bank purchased a new position in shares of Arbor Realty Trust during the fourth quarter valued at about $8,419,000. Finally, Tudor Investment Corp ET AL increased its position in shares of Arbor Realty Trust by 496.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 450,822 shares of the real estate investment trust’s stock valued at $6,244,000 after buying an additional 375,293 shares during the period. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Price Performance

Shares of NYSE:ABR opened at $13.82 on Friday. The stock has a market cap of $2.61 billion, a PE ratio of 10.23 and a beta of 2.03. The company’s fifty day moving average is $13.70 and its 200 day moving average is $14.21. Arbor Realty Trust has a 52 week low of $11.95 and a 52 week high of $15.94. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67.

About Arbor Realty Trust

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