Brokerages Set $8.17 Price Target for Arbor Realty Trust (ABR)
Shares of Arbor Realty Trust (NYSE:ABR) have been assigned an average broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One investment 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 declined by 67% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus price target of $8.17 for the company and are forecasting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also assigned Arbor Realty Trust an industry rank of 103 out of 265 based on the ratings given to its competitors.
Several research firms recently commented on ABR. Zacks Investment Research cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. JMP Securities raised their price target on shares of Arbor Realty Trust from $7.50 to $8.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 23rd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Arbor Realty Trust from $7.00 to $8.00 and gave the stock a “market perform” rating in a report on Tuesday, August 16th.
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Arbor Realty Trust (NYSE:ABR) traded up 0.14% during midday trading on Monday, reaching $7.37. 30,335 shares of the company were exchanged. The firm has a market cap of $378.68 million, a P/E ratio of 11.89 and a beta of 0.49. The firm’s 50-day moving average is $7.54 and its 200-day moving average is $7.12. Arbor Realty Trust has a one year low of $6.01 and a one year high of $7.99.
Arbor Realty Trust (NYSE:ABR) last announced its earnings results on Friday, August 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.07 by $0.16. Arbor Realty Trust had a net margin of 36.72% and a return on equity of 8.27%. On average, equities analysts expect that Arbor Realty Trust will post $0.70 EPS for the current fiscal year.
In other Arbor Realty Trust news, Director Karen K. Edwards bought 7,510 shares of Arbor Realty Trust stock in a transaction on Wednesday, August 31st. The stock was purchased at an average cost of C$7.81 per share, for a total transaction of C$58,653.10. Following the completion of the purchase, the director now directly owns 75,000 shares of the company’s stock, valued at C$585,750. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Arbor Realty Trust by 18.5% in the second quarter. Vanguard Group Inc. now owns 1,573,176 shares of the company’s stock worth $11,311,000 after buying an additional 245,738 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in Arbor Realty Trust by 5.2% in the second quarter. Punch & Associates Investment Management Inc. now owns 1,441,992 shares of the company’s stock worth $10,368,000 after buying an additional 71,613 shares during the period. BlackRock Fund Advisors boosted its stake in Arbor Realty Trust by 54.0% in the second quarter. BlackRock Fund Advisors now owns 1,008,663 shares of the company’s stock worth $7,252,000 after buying an additional 353,679 shares during the period. Benchmark Capital Advisors boosted its stake in Arbor Realty Trust by 6.6% in the second quarter. Benchmark Capital Advisors now owns 393,783 shares of the company’s stock worth $2,831,000 after buying an additional 24,400 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Arbor Realty Trust by 5.3% in the first quarter. Geode Capital Management LLC now owns 228,096 shares of the company’s stock worth $1,543,000 after buying an additional 11,467 shares during the period. Hedge funds and other institutional investors own 40.78% of the company’s stock.
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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