Zacks: Arbor Realty Trust (NYSE:ABR) Given $8.17 Consensus Price Target by Brokerages
Arbor Realty Trust (NYSE:ABR) has been given a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. Arbor Realty Trust’s rating score has improved by 16.5% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a twelve-month consensus price target of $8.17 for the company and are predicting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Arbor Realty Trust an industry rank of 158 out of 265 based on the ratings given to related companies.
ABR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Arbor Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Keefe, Bruyette & Woods increased their price objective on Arbor Realty Trust from $7.00 to $8.00 and gave the company a “market perform” rating in a report on Tuesday, August 16th. Finally, JMP Securities increased their price objective on Arbor Realty Trust from $7.50 to $8.00 and gave the company a “market outperform” rating in a report on Tuesday, August 23rd.
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Arbor Realty Trust (NYSE:ABR) remained flat at $7.52 on Tuesday. 13,935 shares of the stock traded hands. Arbor Realty Trust has a 1-year low of $6.01 and a 1-year high of $7.99. The stock has a market capitalization of $386.39 million, a PE ratio of 12.13 and a beta of 0.54. The stock’s 50 day moving average price is $7.50 and its 200 day moving average price is $7.03.
Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.16. Arbor Realty Trust had a return on equity of 8.27% and a net margin of 36.72%. Analysts expect that Arbor Realty Trust will post $0.70 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, August 15th. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.51%. Arbor Realty Trust’s dividend payout ratio is currently 103.23%.
In other news, Director Karen K. Edwards acquired 7,510 shares of the business’s stock in a transaction dated Wednesday, August 31st. The shares were acquired at an average cost of C$7.81 per share, with a total value of C$58,653.10. Following the completion of the acquisition, the director now owns 75,000 shares of the company’s stock, valued at C$585,750. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 15.30% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of ABR. JPMorgan Chase & Co. bought a new stake in Arbor Realty Trust during the second quarter valued at approximately $107,000. BlackRock Advisors LLC raised its stake in Arbor Realty Trust by 6.6% in the second quarter. BlackRock Advisors LLC now owns 19,082 shares of the company’s stock valued at $137,000 after buying an additional 1,184 shares during the period. Nationwide Fund Advisors bought a new stake in Arbor Realty Trust during the second quarter valued at approximately $149,000. LMR Partners LLP bought a new stake in Arbor Realty Trust during the second quarter valued at approximately $184,000. Finally, Emerald Acquisition Ltd. bought a new stake in Arbor Realty Trust during the second quarter valued at approximately $330,000. 40.76% of the stock is currently owned by hedge funds and other institutional investors.
About Arbor Realty Trust
Arbor Realty Trust, Inc is a specialized real estate finance company that invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The Company operates in the portfolio segment of commercial mortgage loans and investments. The Company invests primarily in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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