Analysts Set Arbor Realty Trust (NYSE:ABR) Target Price at $12.00

Shares of Arbor Realty Trust (NYSE:ABR) have been assigned an average rating of “Reduce” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.00.

Several research firms have recently issued reports on ABR. Wall Street Zen lowered shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. increased their price objective on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock an “underweight” rating in a research report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Arbor Realty Trust in a research report on Tuesday, October 14th. Finally, Piper Sandler increased their price objective on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 8th.

Arbor Realty Trust Stock Performance

Shares of ABR stock opened at $11.55 on Tuesday. Arbor Realty Trust has a one year low of $8.43 and a one year high of $15.76. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37. The company has a 50 day moving average price of $11.86 and a 200 day moving average price of $11.20. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 12.69 and a beta of 1.37.

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 the consensus estimate of $0.27 by ($0.03). Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%.The company had revenue of $27.44 million for the quarter, compared to analyst estimates of $76.99 million. Sell-side analysts anticipate that Arbor Realty Trust will post 1.65 EPS for the current year.

Institutional Investors Weigh In On Arbor Realty Trust

Several large investors have recently made changes to their positions in ABR. Covestor Ltd grew its holdings in Arbor Realty Trust by 28.5% during the 3rd quarter. Covestor Ltd now owns 13,538 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 2,999 shares in the last quarter. Samalin Investment Counsel LLC acquired a new stake in Arbor Realty Trust during the 3rd quarter valued at $164,000. Amalgamated Bank grew its holdings in Arbor Realty Trust by 1.9% during the 3rd quarter. Amalgamated Bank now owns 55,643 shares of the real estate investment trust’s stock valued at $679,000 after purchasing an additional 1,062 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Arbor Realty Trust by 102.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 115,700 shares of the real estate investment trust’s stock valued at $1,413,000 after purchasing an additional 58,560 shares in the last quarter. Finally, Valmark Advisers Inc. acquired a new stake in Arbor Realty Trust during the 3rd quarter valued at $171,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

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.