Arbor Realty Trust (NYSE:ABR) PT Raised to $16.00

Arbor Realty Trust (NYSE:ABR) had its price target hoisted by Raymond James from $15.00 to $16.00 in a report published on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Several other research analysts have also recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the stock a market perform rating in a report on Wednesday, July 10th. JMP Securities reduced their target price on shares of Arbor Realty Trust from $17.00 to $16.00 and set a market outperform rating for the company in a report on Thursday, June 20th. Piper Sandler increased their target price on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an underweight rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Arbor Realty Trust from $12.00 to $11.50 and set an underweight rating on the stock in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $13.83.

Arbor Realty Trust Stock Down 1.1 %

Arbor Realty Trust stock opened at $15.00 on Thursday. The stock has a market capitalization of $2.83 billion, a PE ratio of 9.32 and a beta of 2.05. Arbor Realty Trust has a twelve month low of $11.77 and a twelve month high of $16.35. The company has a quick ratio of 37.31, a current ratio of 37.31 and a debt-to-equity ratio of 2.78. The company has a 50 day moving average of $13.57 and a 200-day moving average of $13.48.

Arbor Realty Trust (NYSE:ABR) last announced its earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. Arbor Realty Trust had a net margin of 24.59% and a return on equity of 15.75%. The business had revenue of $297.19 million during the quarter, compared to analysts’ expectations of $300.69 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. On average, equities research analysts anticipate that Arbor Realty Trust will post 1.7 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 11.47%. The ex-dividend date was Friday, August 16th. Arbor Realty Trust’s payout ratio is presently 106.83%.

Hedge Funds Weigh In On Arbor Realty Trust

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in Arbor Realty Trust by 22.3% during the fourth quarter. Victory Capital Management Inc. now owns 37,439 shares of the real estate investment trust’s stock worth $568,000 after acquiring an additional 6,836 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Arbor Realty Trust by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,020,466 shares of the real estate investment trust’s stock worth $30,671,000 after buying an additional 96,367 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Arbor Realty Trust by 5.0% during the fourth quarter. Teacher Retirement System of Texas now owns 37,065 shares of the real estate investment trust’s stock worth $563,000 after buying an additional 1,750 shares in the last quarter. Jump Financial LLC acquired a new stake in Arbor Realty Trust during the fourth quarter worth about $232,000. Finally, Avantax Advisory Services Inc. grew its stake in Arbor Realty Trust by 6.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 30,753 shares of the real estate investment trust’s stock worth $467,000 after buying an additional 1,833 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

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.