Arbor Realty Trust, Inc. (NYSE:ABR) Receives $13.92 Consensus Price Target from Analysts

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) have been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $13.92.

ABR has been the subject of several recent research reports. Raymond James increased their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. JMP Securities raised their target price on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. lowered their target price on shares of Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating on the stock in a report on Tuesday, July 16th. Keefe, Bruyette & Woods increased their price target on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, July 10th. Finally, Piper Sandler boosted their price objective 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.

Arbor Realty Trust Price Performance

Shares of ABR stock opened at $15.17 on Friday. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 9.42 and a beta of 2.06. 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 stock has a 50-day moving average price of $14.21 and a 200 day moving average price of $13.75.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate 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 company had revenue of $297.19 million during the quarter, compared to analysts’ expectations of $300.69 million. During the same quarter in the previous year, the company earned $0.56 EPS. Research analysts expect that Arbor Realty Trust will post 1.7 EPS for the current year.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 11.34%. The ex-dividend date of this dividend was Friday, August 16th. Arbor Realty Trust’s dividend payout ratio is currently 106.83%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Arbor Realty Trust by 75.5% during the third quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 688 shares during the last quarter. Westside Investment Management Inc. bought a new stake in shares of Arbor Realty Trust during the 1st quarter worth $27,000. Scarborough Advisors LLC bought a new stake in shares of Arbor Realty Trust during the 4th quarter worth $38,000. PNC Financial Services Group Inc. boosted its stake in 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 in the last quarter. Finally, Signaturefd LLC raised its stake in Arbor Realty Trust by 20.6% during the second quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 1,504 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Company Profile

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.