Arbor Realty Trust (NYSE:ABR) Price Target Increased to $12.50 by Analysts at Piper Sandler

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

Several other brokerages have also issued reports on ABR. JPMorgan Chase & Co. cut their target price on Arbor Realty Trust from $12.00 to $11.50 and set an underweight rating for the company in a research note on Tuesday, July 16th. Wedbush reiterated a neutral rating and issued a $13.00 price objective on shares of Arbor Realty Trust in a report on Monday, May 6th. Keefe, Bruyette & Woods increased their target price on Arbor Realty Trust from $13.25 to $14.00 and gave the company a market perform rating in a report on Wednesday, July 10th. Finally, 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $14.00.

Arbor Realty Trust Trading Up 2.3 %

NYSE ABR traded up $0.30 on Monday, reaching $13.58. The company had a trading volume of 2,752,438 shares, compared to its average volume of 4,418,448. 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 $16.95. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 8.25 and a beta of 2.03. The stock’s 50 day moving average is $13.85 and its 200-day moving average is $13.37.

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. Arbor Realty Trust had a net margin of 26.05% and a return on equity of 17.04%. The firm had revenue of $297.19 million for the quarter, compared to analyst estimates of $300.69 million. During the same quarter in the prior year, the business posted $0.56 EPS. Equities analysts predict that Arbor Realty Trust will post 1.68 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

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

Institutional Investors Weigh In On Arbor Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Arbor Realty Trust during the 4th quarter valued at $18,775,000. Azora Capital LP purchased a new stake in Arbor Realty Trust during the 4th quarter worth approximately $14,932,000. Wasatch Advisors LP lifted its stake in shares of 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 during the period. Vanguard Group Inc. grew 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 buying an additional 235,364 shares during the last quarter. Finally, PFG Investments LLC purchased a new position in Arbor Realty Trust in the 1st quarter worth $2,749,000. 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.