Analysts Set Arbor Realty Trust, Inc. (NYSE:ABR) Price Target at $13.92

Arbor Realty Trust, Inc. (NYSE:ABR) has received an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.25.

A number of research analysts have recently commented on the company. Raymond James increased their price objective on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. JMP Securities increased their price target on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. raised their target price on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research note on Thursday. Finally, Piper Sandler boosted their target price on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research report on Monday, August 5th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Wasatch Advisors LP raised its stake in shares of Arbor Realty Trust by 16.2% in the 1st quarter. Wasatch Advisors LP now owns 3,490,211 shares of the real estate investment trust’s stock valued at $46,245,000 after buying an additional 485,422 shares in the last quarter. Certuity LLC acquired a new position in Arbor Realty Trust in the second quarter worth about $4,305,000. Vanguard Group Inc. lifted 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 purchasing an additional 235,364 shares during the period. TrueMark Investments LLC acquired a new stake in Arbor Realty Trust during the second quarter valued at approximately $2,893,000. Finally, QRG Capital Management Inc. bought a new stake in shares of Arbor Realty Trust in the 1st quarter valued at approximately $2,520,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Performance

ABR stock opened at $15.40 on Friday. The firm has a 50 day moving average of $14.32 and a two-hundred day moving average of $13.80. Arbor Realty Trust has a 12 month low of $11.77 and a 12 month high of $16.35. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 9.57 and a beta of 2.06. The company has a quick ratio of 37.31, a current ratio of 37.31 and a debt-to-equity ratio of 2.78.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data 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. Arbor Realty Trust had a net margin of 24.59% and a return on equity of 15.75%. The firm had revenue of $297.19 million during the quarter, compared to analysts’ expectations of $300.69 million. During the same period in the prior year, the company posted $0.56 earnings per share. As a group, equities analysts anticipate that Arbor Realty Trust will post 1.7 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.17%. The ex-dividend date was Friday, August 16th. Arbor Realty Trust’s dividend payout ratio is presently 106.83%.

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.