Arbor Realty Trust Inc (ABR) Given Consensus Rating of “Buy” by Brokerages
Shares of Arbor Realty Trust Inc (NYSE:ABR) have received a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company.
Brokers have set a 12-month consensus price objective of $8.33 for the company and are expecting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also assigned Arbor Realty Trust an industry rank of 182 out of 265 based on the ratings given to its competitors.
Several analysts have recently issued reports on ABR shares. Zacks Investment Research cut Arbor Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. JMP Securities raised their price target on Arbor Realty Trust from $8.00 to $9.00 and gave the company an “outperform” rating in a research note on Monday, March 6th.
Arbor Realty Trust (NYSE:ABR) opened at 8.20 on Friday. The stock has a 50 day moving average price of $8.47 and a 200-day moving average price of $7.79. Arbor Realty Trust has a one year low of $6.62 and a one year high of $8.99. The stock has a market cap of $425.17 million, a PE ratio of 7.36 and a beta of 0.58.
Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, May 5th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.11. The company had revenue of $33.53 million during the quarter. Arbor Realty Trust had a return on equity of 6.76% and a net margin of 31.49%. Equities research analysts expect that Arbor Realty Trust will post $0.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th will be paid a $0.18 dividend. The ex-dividend date is Monday, May 15th. This is a boost from Arbor Realty Trust’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 8.78%. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 120.75%.
Hedge funds have recently bought and sold shares of the stock. Salzhauer Michael boosted its stake in Arbor Realty Trust by 0.6% in the third quarter. Salzhauer Michael now owns 221,503 shares of the real estate investment trust’s stock worth $1,644,000 after buying an additional 1,250 shares in the last quarter. BlackRock Inc. boosted its stake in Arbor Realty Trust by 27.7% in the third quarter. BlackRock Inc. now owns 69,403 shares of the real estate investment trust’s stock worth $515,000 after buying an additional 15,054 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Arbor Realty Trust during the fourth quarter worth $549,000. Baird Financial Group Inc. boosted its stake in Arbor Realty Trust by 13.4% in the fourth quarter. Baird Financial Group Inc. now owns 187,592 shares of the real estate investment trust’s stock worth $1,399,000 after buying an additional 22,157 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Arbor Realty Trust during the fourth quarter worth $164,000. Institutional investors own 39.91% of the company’s stock.
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About Arbor Realty Trust
Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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