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. “
ABR has been the topic of several other research reports. JMP Securities raised their price target on Arbor Realty Trust from $7.50 to $8.00 and gave the company a market outperform rating in a research note on Tuesday, August 23rd. Keefe, Bruyette & Woods raised their price target on Arbor Realty Trust from $7.00 to $8.00 and gave the company a market perform rating in a research note on Tuesday, August 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of C$8.25.
Arbor Realty Trust (NYSE:ABR) traded down 0.27% during trading on Tuesday, reaching $7.34. 53,036 shares of the company’s stock traded hands. Arbor Realty Trust has a one year low of $6.01 and a one year high of $7.99. The company has a 50 day moving average of $7.53 and a 200 day moving average of $7.13. The firm has a market cap of $377.14 million, a price-to-earnings ratio of 11.84 and a beta of 0.49.
Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.07 by $0.16. Arbor Realty Trust had a return on equity of 8.27% and a net margin of 36.72%. Equities research analysts predict that Arbor Realty Trust will post $0.70 EPS for the current year.
In related news, Director Karen K. Edwards bought 7,510 shares of the business’s stock in a transaction on Wednesday, August 31st. The shares were bought at an average price of C$7.81 per share, for a total transaction of C$58,653.10. Following the completion of the purchase, the director now directly owns 75,000 shares of the company’s stock, valued at C$585,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.30% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of ABR. Bank of New York Mellon Corp raised its position in Arbor Realty Trust by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 120,485 shares of the company’s stock valued at $866,000 after buying an additional 793 shares during the period. BlackRock Advisors LLC raised its position in Arbor Realty Trust by 6.6% in the second quarter. BlackRock Advisors LLC now owns 19,082 shares of the company’s stock valued at $137,000 after buying an additional 1,184 shares during the period. ClariVest Asset Management LLC raised its position in Arbor Realty Trust by 3.8% in the second quarter. ClariVest Asset Management LLC now owns 124,113 shares of the company’s stock valued at $892,000 after buying an additional 4,600 shares during the period. Baird Financial Group Inc. raised its position in Arbor Realty Trust by 3.2% in the second quarter. Baird Financial Group Inc. now owns 161,491 shares of the company’s stock valued at $1,161,000 after buying an additional 4,942 shares during the period. Finally, Geode Capital Management LLC raised its position in Arbor Realty Trust by 5.3% in the first quarter. Geode Capital Management LLC now owns 228,096 shares of the company’s stock valued at $1,543,000 after buying an additional 11,467 shares during the period. Institutional investors own 40.78% of the company’s stock.
Arbor Realty Trust Company Profile
Arbor Realty Trust, Inc is a specialized real estate finance company that invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The Company operates in the portfolio segment of commercial mortgage loans and investments. The Company invests primarily in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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