Arbor Realty Trust Upgraded to Outperform at Zacks (ABR)
Arbor Realty Trust (NYSE:ABR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday. The firm currently has a $7.80 target price on the stock. Zacks‘s price objective would suggest a potential upside of 15.21% from the stock’s previous close.
Separately, analysts at MLV & Co
initiated coverage on shares of Arbor Realty Trust in a research note on Wednesday, June 11th. They set a “buy” rating and a $9.00 price target on the stock.
Shares of Arbor Realty Trust (NYSE:ABR) traded up 2.66% on Monday, hitting $6.95. The stock had a trading volume of 68,841 shares. Arbor Realty Trust has a 52-week low of $6.11 and a 52-week high of $7.74. The stock’s 50-day moving average is $7. and its 200-day moving average is $6.92. The company has a market cap of $348.4 million and a price-to-earnings ratio of 19.68.
Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Analysts expect that Arbor Realty Trust will post $0.53 EPS for the current fiscal year.
Arbor Realty Trust, Inc is a specialized real estate finance company. The Company invests in a diversified portfolio of structured finance assets in the multi-family and commercial real estate markets.
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