ARBOR Rlty Tr I/SH (ABR) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of ARBOR Rlty Tr I/SH (NYSE:ABR) from a hold rating to a buy rating in a research note issued to investors on Wednesday. The brokerage currently has $14.00 target price on the real estate investment trust’s stock.

According to Zacks, “Arbor Realty Trust is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities and other real estate-related assets. “

Several other equities analysts have also issued reports on ABR. JMP Securities increased their target price on ARBOR Rlty Tr I/SH from $10.50 to $12.00 and gave the stock a $11.27 rating in a research note on Monday, July 23rd. JPMorgan Chase & Co. increased their target price on ARBOR Rlty Tr I/SH from $9.00 to $10.00 and gave the stock a $11.27 rating in a research note on Monday, July 23rd. Deutsche Bank lowered ARBOR Rlty Tr I/SH from a buy rating to a hold rating and set a $9.50 target price on the stock. in a research note on Tuesday, July 24th. Raymond James initiated coverage on ARBOR Rlty Tr I/SH in a research note on Monday, July 30th. They set a market perform rating on the stock. Finally, BTIG Research initiated coverage on ARBOR Rlty Tr I/SH in a report on Monday, October 8th. They set a buy rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $12.41.

ABR traded up $0.24 during mid-day trading on Wednesday, hitting $12.32. 1,146,575 shares of the stock were exchanged, compared to its average volume of 940,329. ARBOR Rlty Tr I/SH has a 1-year low of $7.89 and a 1-year high of $12.41. The company has a current ratio of 12.60, a quick ratio of 12.66 and a debt-to-equity ratio of 2.19. The firm has a market cap of $918.06 million, a price-to-earnings ratio of 11.85 and a beta of 0.15.

ARBOR Rlty Tr I/SH (NYSE:ABR) last posted its earnings results on Friday, November 2nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. ARBOR Rlty Tr I/SH had a return on equity of 13.78% and a net margin of 50.73%. The firm had revenue of $27.95 million for the quarter, compared to analyst estimates of $25.00 million. The business’s revenue was up 52.8% on a year-over-year basis. On average, research analysts forecast that ARBOR Rlty Tr I/SH will post 1.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.27 per share. This is an increase from ARBOR Rlty Tr I/SH’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, November 14th. This represents a $1.08 annualized dividend and a yield of 8.77%. ARBOR Rlty Tr I/SH’s dividend payout ratio is 96.15%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC increased its holdings in ARBOR Rlty Tr I/SH by 80.4% during the 3rd quarter. Advisory Services Network LLC now owns 10,234 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 4,560 shares during the period. Aperio Group LLC increased its holdings in ARBOR Rlty Tr I/SH by 18.3% during the 2nd quarter. Aperio Group LLC now owns 36,249 shares of the real estate investment trust’s stock worth $378,000 after purchasing an additional 5,612 shares during the period. Principal Financial Group Inc. increased its holdings in ARBOR Rlty Tr I/SH by 10.2% during the 1st quarter. Principal Financial Group Inc. now owns 64,356 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 5,979 shares during the period. Stevens Capital Management LP increased its holdings in ARBOR Rlty Tr I/SH by 61.5% during the 2nd quarter. Stevens Capital Management LP now owns 16,810 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 6,404 shares during the period. Finally, American International Group Inc. increased its holdings in ARBOR Rlty Tr I/SH by 21.7% during the 3rd quarter. American International Group Inc. now owns 43,136 shares of the real estate investment trust’s stock worth $495,000 after purchasing an additional 7,703 shares during the period. Institutional investors own 55.97% of the company’s stock.

About ARBOR Rlty Tr I/SH

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. It operates in two segments, Structured Business and Agency Business. The company primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.

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