Piper Sandler Raises Arbor Realty Trust (NYSE:ABR) Price Target to $12.50

Arbor Realty Trust (NYSE:ABR) had its price objective upped by Piper Sandler from $12.00 to $12.50 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has an underweight rating on the real estate investment trust’s stock.

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

Arbor Realty Trust Stock Up 1.8 %

ABR opened at $13.51 on Monday. The stock has a market cap of $2.55 billion, a PE ratio of 8.39 and a beta of 2.03. The company has a quick ratio of 36.63, a current ratio of 36.63 and a debt-to-equity ratio of 3.14. Arbor Realty Trust has a 52 week low of $11.77 and a 52 week high of $16.76. The business’s fifty day simple moving average is $13.86 and its 200 day simple moving average is $13.36.

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

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.72 annualized dividend and a yield of 12.73%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 106.83%.

Institutional Trading of Arbor Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in Arbor Realty Trust in the fourth quarter worth about $1,540,000. UniSuper Management Pty Ltd purchased a new position in shares of Arbor Realty Trust during the first quarter valued at approximately $667,000. Sowell Financial Services LLC lifted its holdings in shares of Arbor Realty Trust by 8.8% during the fourth quarter. Sowell Financial Services LLC now owns 15,566 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 1,255 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 valued at $286,612,000 after purchasing an additional 235,364 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Arbor Realty Trust by 6.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,337,689 shares of the real estate investment trust’s stock valued at $17,724,000 after purchasing an additional 78,154 shares during the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

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.