Brokerages Set Arbor Realty Trust, Inc. (NYSE:ABR) Target Price at $13.40

Arbor Realty Trust, Inc. (NYSE:ABR) has been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.83.

A number of analysts have recently weighed in on ABR shares. Piper Sandler upped their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. cut their price target on shares of Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating for the company in a report on Tuesday, July 16th. Keefe, Bruyette & Woods increased their price objective 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. JMP Securities dropped their price objective on shares of Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a research note on Thursday, June 20th. Finally, Raymond James increased their price objective on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th.

Hedge Funds Weigh In On Arbor Realty Trust

Several large investors have recently modified their holdings of ABR. Victory Capital Management Inc. raised its stake in shares of Arbor Realty Trust by 22.3% during the fourth quarter. Victory Capital Management Inc. now owns 37,439 shares of the real estate investment trust’s stock valued at $568,000 after acquiring an additional 6,836 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Arbor Realty Trust by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,020,466 shares of the real estate investment trust’s stock worth $30,671,000 after buying an additional 96,367 shares during the period. Teacher Retirement System of Texas increased its position in shares of Arbor Realty Trust by 5.0% during the fourth quarter. Teacher Retirement System of Texas now owns 37,065 shares of the real estate investment trust’s stock worth $563,000 after buying an additional 1,750 shares during the period. Jump Financial LLC acquired a new stake in shares of Arbor Realty Trust during the fourth quarter worth $232,000. Finally, Avantax Advisory Services Inc. increased its position in shares of Arbor Realty Trust by 6.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 30,753 shares of the real estate investment trust’s stock worth $467,000 after buying an additional 1,833 shares during the period. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR opened at $15.50 on Wednesday. The company’s 50 day moving average price is $13.64 and its two-hundred day moving average price is $13.52. Arbor Realty Trust has a 12-month low of $11.77 and a 12-month high of $16.35. The firm has a market cap of $2.92 billion, a PE ratio of 9.62 and a beta of 2.05. The company has a quick ratio of 37.31, a current ratio of 37.31 and a debt-to-equity ratio of 2.78.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $300.69 million. During the same quarter in the prior year, the firm posted $0.56 EPS. Equities research analysts predict that Arbor Realty Trust will post 1.7 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 11.10%. The ex-dividend date of this dividend was Friday, August 16th. Arbor Realty Trust’s payout ratio is currently 106.83%.

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.