Arbor Realty Trust (NYSE:ABR) PT Raised to $12.50

Arbor Realty Trust (NYSE:ABR) had its price target lifted by Piper Sandler from $12.00 to $12.50 in a research note published on Monday, Benzinga reports. The firm currently has an underweight rating on the real estate investment trust’s stock.

Several other research firms have also commented on ABR. JMP Securities reduced their price target on Arbor Realty Trust from $17.00 to $16.00 and set a market outperform rating on the stock in a research report on Thursday, June 20th. Keefe, Bruyette & Woods lifted their target price on Arbor Realty Trust from $13.25 to $14.00 and gave the stock a market perform rating in a research report on Wednesday, July 10th. Wedbush reaffirmed a neutral rating and issued a $13.00 price objective on shares of Arbor Realty Trust in a report on Monday, May 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Arbor Realty Trust from $12.00 to $11.50 and set an underweight rating on the stock in a report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Arbor Realty Trust has a consensus rating of Hold and a consensus target price of $14.00.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR traded up $0.30 during midday trading on Monday, hitting $13.58. The stock had a trading volume of 2,752,438 shares, compared to its average volume of 4,418,448. Arbor Realty Trust has a 1 year low of $11.77 and a 1 year high of $16.95. The company has a market capitalization of $2.56 billion, a PE ratio of 8.25 and a beta of 2.03. The stock has a 50 day moving average price of $13.85 and a two-hundred day moving average price of $13.37. The company has a current ratio of 36.63, a quick ratio of 36.63 and a debt-to-equity ratio of 3.14.

Arbor Realty Trust (NYSE:ABR) last announced its earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $297.19 million during the quarter, compared to analysts’ expectations of $300.69 million. Arbor Realty Trust had a net margin of 26.05% and a return on equity of 17.04%. During the same quarter in the previous year, the business posted $0.56 earnings per share. As a group, equities analysts predict that Arbor Realty Trust will post 1.68 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.67%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 106.83%.

Institutional Trading of Arbor Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Arbor Realty Trust during the fourth quarter worth about $18,775,000. Azora Capital LP bought a new position in Arbor Realty Trust in the fourth quarter worth $14,932,000. Wasatch Advisors LP boosted its stake in Arbor Realty Trust by 31.9% during the fourth quarter. Wasatch Advisors LP now owns 3,004,789 shares of the real estate investment trust’s stock worth $45,613,000 after buying an additional 726,685 shares in the last quarter. Vanguard Group Inc. boosted its stake in Arbor Realty Trust by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock worth $286,612,000 after buying an additional 235,364 shares in the last quarter. Finally, PFG Investments LLC bought a new stake in Arbor Realty Trust in the 1st quarter valued at $2,749,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Company Profile

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.