Reduced Arbor Realty Trust (NYSE: ABR) to be kept at Zacks Investment Research

Arbor Realty Trust (NYSE: ABR) has been downgraded from Zacks investment research from a “strong buy” note to a “conservation” note in a report published on Monday, Zacks.com reports.

According to Zacks, “Arbor Realty Trust is a specialty real estate finance company that invests in real estate-related bridging and mezzanine loans, preferred stocks, mortgage-related securities and other real estate-related assets.

Separately, JMP Securities reissued a “buy” note and issued a price target of $ 20.00 on Arbor Realty Trust shares in a research note Thursday. One analyst rated the stock with a conservation rating and four issued a buy rating for the company’s stock. Based on data from MarketBeat.com, Arbor Realty Trust currently has an average rating of “Buy” and a consensus target price of $ 19.50.

NYSE: ABR traded up $ 0.01 on Monday, reaching $ 18.84. 24,694 shares of the company were traded in the hands, compared to its average volume of 1,437,431. The company has a current ratio of 25.13, a quick ratio of 25.13 and a debt ratio of of 2.57. Arbor Realty Trust has a one-year low of $ 11.02 and a one-year high of $ 19.49. The company has a 50-day moving average price of $ 18.19 and a 200-day moving average price of $ 17.69. The company has a market cap of $ 2.68 billion, a PE ratio of 7.29 and a beta of 1.93.

Arbor Realty Trust (NYSE: ABR) last reported its quarterly results on Thursday, July 29. The REIT reported EPS of $ 0.51 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.35 of $ 0.16. The company posted revenue of $ 58.77 million in the quarter, compared to analysts’ expectations of $ 54.27 million. Arbor Realty Trust had a return on equity of 18.75% and a net margin of 89.91%. The company’s quarterly revenue increased 40.7% compared to the same quarter last year. In the same quarter of the previous year, the company posted EPS of $ 0.45. On average, research analysts predict that Arbor Realty Trust will post 1.66 EPS for the current fiscal year.

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A number of institutional investors have recently changed their positions in ABR. Optimum Investment Advisors increased its holdings of Arbor Realty Trust shares by 132.2% in the second quarter. Optimum Investment Advisors now owns 34,600 real estate investment trust shares worth $ 617,000 after purchasing an additional 19,700 shares in the last quarter. Strategic Wealth Designers increased its stake in Arbor Realty Trust shares by 17.2% during the second quarter. Strategic Wealth Designers now owns 314,683 real estate investment trust shares worth $ 5,608,000 after purchasing an additional 46,127 shares in the last quarter. Capital Analysts LLC increased its equity stake in Arbor Realty Trust by 79.8% during the second quarter. Capital Analysts LLC now owns 10,676 real estate investment trust shares worth $ 190,000 after purchasing an additional 4,739 shares in the last quarter. The Swiss National Bank increased its stake in Arbor Realty Trust shares by 10.7% during the first quarter. The Swiss National Bank now owns 267,851 shares of the REIT valued at $ 4,259,000 after purchasing an additional 25,900 shares in the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new position in shares of Arbor Realty Trust during the first quarter valued at approximately $ 11,901,000. 42.15% of the shares are held by hedge funds and other institutional investors.

About the Arbor real estate trust

Arbor Realty Trust, Inc. operates as a real estate investment trust, which engages in the provision of loans and services for multi-family, senior housing, health care and various commercial real estate assets. It operates through the structured business and agency segments. The Structured Business segment offers structured loan origination and investment services.

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