ARBOR Rlty Tr I/SH (ABR) Receives $10.50 Average PT from Analysts

Share on StockTwits

Shares of ARBOR Rlty Tr I/SH (NYSE:ABR) have received a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $10.50.

Several brokerages recently weighed in on ABR. Deutsche Bank lowered shares of ARBOR Rlty Tr I/SH from a “buy” rating to a “hold” rating and set a $9.50 price objective on the stock. in a research report on Tuesday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of ARBOR Rlty Tr I/SH from $9.00 to $10.00 and gave the company a “$11.27” rating in a research report on Monday, July 23rd. Zacks Investment Research lowered shares of ARBOR Rlty Tr I/SH from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 9th. Raymond James initiated coverage on shares of ARBOR Rlty Tr I/SH in a research report on Monday, July 30th. They set a “market perform” rating on the stock. Finally, JMP Securities increased their price target on ARBOR Rlty Tr I/SH from $10.50 to $12.00 and gave the company a “$11.27” rating in a report on Monday, July 23rd.

Shares of ABR opened at $11.57 on Tuesday. ARBOR Rlty Tr I/SH has a one year low of $7.88 and a one year high of $12.35. The stock has a market capitalization of $882.83 million, a price-to-earnings ratio of 11.13 and a beta of 0.17. The company has a quick ratio of 12.66, a current ratio of 12.66 and a debt-to-equity ratio of 2.25.

ARBOR Rlty Tr I/SH (NYSE:ABR) last posted its quarterly earnings results on Friday, August 3rd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $21.40 million during the quarter, compared to analysts’ expectations of $20.97 million. ARBOR Rlty Tr I/SH had a return on equity of 12.62% and a net margin of 38.56%. ARBOR Rlty Tr I/SH’s revenue for the quarter was up 51.8% compared to the same quarter last year. analysts anticipate that ARBOR Rlty Tr I/SH will post 1.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Wednesday, August 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.64%. ARBOR Rlty Tr I/SH’s dividend payout ratio is 96.15%.

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in ARBOR Rlty Tr I/SH by 24.4% during the 2nd quarter. BlackRock Inc. now owns 5,969,558 shares of the real estate investment trust’s stock worth $62,263,000 after purchasing an additional 1,169,863 shares during the last quarter. Wasatch Advisors Inc. grew its position in shares of ARBOR Rlty Tr I/SH by 20.7% during the 2nd quarter. Wasatch Advisors Inc. now owns 2,798,815 shares of the real estate investment trust’s stock worth $29,192,000 after buying an additional 479,807 shares during the period. Renaissance Technologies LLC grew its position in shares of ARBOR Rlty Tr I/SH by 41.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,341,702 shares of the real estate investment trust’s stock worth $24,424,000 after buying an additional 687,651 shares during the period. Millennium Management LLC grew its position in shares of ARBOR Rlty Tr I/SH by 14.7% during the 1st quarter. Millennium Management LLC now owns 1,887,718 shares of the real estate investment trust’s stock worth $16,650,000 after buying an additional 242,154 shares during the period. Finally, Global X Management Co LLC grew its position in shares of ARBOR Rlty Tr I/SH by 0.9% during the 2nd quarter. Global X Management Co LLC now owns 1,139,640 shares of the real estate investment trust’s stock worth $11,886,000 after buying an additional 10,309 shares during the period. 55.58% of the stock is owned by institutional investors and hedge funds.

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: Relative Strength Index

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.