Keefe, Bruyette & Woods Boosts Arbor Realty Trust (NYSE:ABR) Price Target to $12.00

Arbor Realty Trust (NYSE:ABR) had its target price upped by Keefe, Bruyette & Woods from $11.50 to $12.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 5.36% from the company’s current price.

A number of other research analysts have also recently commented on ABR. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Piper Sandler upped their price target on Arbor Realty Trust from $11.00 to $11.50 and gave the company an “underweight” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arbor Realty Trust in a research report on Saturday, September 27th. Finally, JMP Securities dropped their price target on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $11.63.

Arbor Realty Trust Stock Down 1.1%

Shares of NYSE:ABR opened at $11.39 on Thursday. The company has a market capitalization of $2.19 billion, a PE ratio of 12.52 and a beta of 1.37. The company has a debt-to-equity ratio of 2.06, a current ratio of 38.37 and a quick ratio of 38.37. The business has a fifty day moving average price of $11.85 and a two-hundred day moving average price of $11.15. Arbor Realty Trust has a 1 year low of $8.43 and a 1 year high of $15.76.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. The firm had revenue of $27.44 million for the quarter, compared to analysts’ expectations of $76.99 million. Analysts forecast that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Hedge Funds Weigh In On Arbor Realty Trust

Institutional investors have recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new stake in Arbor Realty Trust in the second quarter valued at approximately $27,000. Allworth Financial LP lifted its position in Arbor Realty Trust by 77.8% in the second quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,130 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in Arbor Realty Trust in the first quarter valued at approximately $31,000. Smartleaf Asset Management LLC lifted its position in Arbor Realty Trust by 73.5% in the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Arbor Realty Trust in the second quarter valued at approximately $32,000. 57.25% of the stock is currently 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.