Arbor Realty Trust, Inc. (NYSE:ABR) Receives $13.40 Consensus Price Target from Analysts

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) have been given a consensus rating of “Hold” by the six analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $13.83.

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating for the company in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods boosted their price objective on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 10th. JMP Securities dropped their target price on shares of Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, June 20th. Raymond James boosted their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Piper Sandler raised their price objective on Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a report on Monday, August 5th.

Hedge Funds Weigh In On Arbor Realty Trust

Large investors have recently made changes to their positions in the stock. Westside Investment Management Inc. purchased a new position in Arbor Realty Trust in the 1st quarter valued at approximately $27,000. ICA Group Wealth Management LLC purchased a new position in shares of Arbor Realty Trust in the fourth quarter valued at $35,000. Cape Investment Advisory Inc. raised its stake in shares of Arbor Realty Trust by 671.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 2,015 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of Arbor Realty Trust in the 4th quarter worth about $38,000. Finally, PNC Financial Services Group Inc. grew its stake in Arbor Realty Trust by 16.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,131 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 1,010 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

NYSE:ABR opened at $15.00 on Wednesday. Arbor Realty Trust has a 52 week low of $11.77 and a 52 week high of $16.35. The company has a fifty day simple moving average of $13.53 and a two-hundred day simple moving average of $13.46. 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 company has a market cap of $2.83 billion, a price-to-earnings ratio of 9.32 and a beta of 2.05.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $297.19 million during the quarter, compared to the consensus estimate of $300.69 million. Arbor Realty Trust had a return on equity of 15.75% and a net margin of 24.59%. During the same period in the previous year, the company posted $0.56 earnings per share. As a group, equities analysts anticipate that Arbor Realty Trust will post 1.7 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.47%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 106.83%.

About Arbor Realty Trust

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.