Arbor Realty Trust (NYSE:ABR) Given New $16.00 Price Target at Raymond James

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

A number of other brokerages also recently weighed in on ABR. 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 note on Monday, August 5th. JMP Securities dropped 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 research note on Thursday, June 20th. JPMorgan Chase & Co. dropped their target price on shares of 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. Finally, Keefe, Bruyette & Woods boosted 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 research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Arbor Realty Trust presently has an average rating of Hold and a consensus target price of $13.83.

Arbor Realty Trust Price Performance

NYSE:ABR opened at $15.00 on Thursday. The firm has a market cap of $2.83 billion, a PE ratio of 9.32 and a beta of 2.05. Arbor Realty Trust has a 12 month low of $11.77 and a 12 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’s 50-day moving average price is $13.57 and its two-hundred day moving average price is $13.48.

Arbor Realty Trust (NYSE:ABR) last released its quarterly 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. 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 for the quarter, compared to analyst estimates of $300.69 million. During the same period in the previous year, the business earned $0.56 earnings per share. On average, equities analysts anticipate that Arbor Realty Trust will post 1.7 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.47%. The ex-dividend date of this dividend was Friday, August 16th. Arbor Realty Trust’s dividend payout ratio (DPR) is 106.83%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ABR. Westside Investment Management Inc. acquired a new position in Arbor Realty Trust during the first quarter valued at approximately $27,000. ICA Group Wealth Management LLC acquired a new position in Arbor Realty Trust during the fourth quarter valued at approximately $35,000. Cape Investment Advisory Inc. grew its holdings in Arbor Realty Trust by 671.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 2,015 shares during the period. Scarborough Advisors LLC acquired a new position in Arbor Realty Trust during the fourth quarter valued at approximately $38,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Arbor Realty Trust by 16.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,131 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 1,010 shares during the period. Institutional investors and hedge funds own 57.25% of the company’s stock.

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.