Shares of Arbor Realty Trust (NYSE:ABR) have been given a consensus broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. Arbor Realty Trust’s rating score has declined by 67% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus price target of $8.17 for the company and are forecasting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also assigned Arbor Realty Trust an industry rank of 103 out of 265 based on the ratings given to related companies.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Tuesday, August 23rd. JMP Securities increased their price objective on shares of Arbor Realty Trust from $7.50 to $8.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 23rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Arbor Realty Trust from $7.00 to $8.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 16th.
In other news, Director Karen K. Edwards purchased 7,510 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was acquired at an average cost of C$7.81 per share, with a total value of C$58,653.10. Following the acquisition, the director now owns 75,000 shares in the company, valued at C$585,750. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 15.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Arbor Realty Trust by 18.5% in the second quarter. Vanguard Group Inc. now owns 1,573,176 shares of the company’s stock worth $11,311,000 after buying an additional 245,738 shares during the period. Punch & Associates Investment Management Inc. increased its position in Arbor Realty Trust by 5.2% in the second quarter. Punch & Associates Investment Management Inc. now owns 1,441,992 shares of the company’s stock worth $10,368,000 after buying an additional 71,613 shares during the period. BlackRock Fund Advisors increased its position in Arbor Realty Trust by 54.0% in the second quarter. BlackRock Fund Advisors now owns 1,008,663 shares of the company’s stock worth $7,252,000 after buying an additional 353,679 shares during the period. Benchmark Capital Advisors increased its position in Arbor Realty Trust by 6.6% in the second quarter. Benchmark Capital Advisors now owns 393,783 shares of the company’s stock worth $2,831,000 after buying an additional 24,400 shares during the period. Finally, Geode Capital Management LLC increased 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 worth $1,543,000 after buying an additional 11,467 shares during the period. 40.78% of the stock is owned by institutional investors and hedge funds.
Shares of Arbor Realty Trust (NYSE:ABR) traded up 0.14% during midday trading on Monday, reaching $7.37. 30,335 shares of the company were exchanged. The company has a market capitalization of $378.68 million, a PE ratio of 11.89 and a beta of 0.49. The stock’s 50-day moving average price is $7.54 and its 200-day moving average price is $7.12. Arbor Realty Trust has a 52-week low of $6.01 and a 52-week high of $7.99.
Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings data on Friday, August 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.16. Arbor Realty Trust had a net margin of 36.72% and a return on equity of 8.27%. Analysts anticipate that Arbor Realty Trust will post $0.70 EPS for the current year.
About Arbor Realty Trust
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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