ARBOR Rlty Tr I/SH (ABR) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of ARBOR Rlty Tr I/SH (NYSE:ABR) from a hold rating to a buy rating in a research report report published on Wednesday. They currently have $14.00 price target 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. “
A number of other research analysts also recently issued reports on the stock. Deutsche Bank boosted their target price on shares of ARBOR Rlty Tr I/SH from $11.00 to $11.50 and gave the company a hold rating in a research report on Monday. JPMorgan Chase & Co. downgraded shares of ARBOR Rlty Tr I/SH from a neutral rating to an underweight rating and set a $11.55 target price for the company. in a research report on Wednesday, October 24th. BTIG Research began coverage on shares of ARBOR Rlty Tr I/SH in a research report on Monday, October 8th. They set a buy rating and a $13.00 target price for the company. JMP Securities restated a buy rating and set a $12.00 target price on shares of ARBOR Rlty Tr I/SH in a research report on Wednesday, August 15th. Finally, Raymond James began coverage on shares of ARBOR Rlty Tr I/SH in a research report on Monday, July 30th. They set a market perform rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. ARBOR Rlty Tr I/SH currently has an average rating of Hold and a consensus target price of $12.41.
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, beating analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $27.95 million during the quarter, compared to the consensus estimate of $25.00 million. ARBOR Rlty Tr I/SH had a net margin of 50.73% and a return on equity of 13.78%. ARBOR Rlty Tr I/SH’s quarterly revenue was up 52.8% compared to the same quarter last year. Research analysts expect that ARBOR Rlty Tr I/SH will post 1.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be given a $0.27 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.96%. This is an increase from ARBOR Rlty Tr I/SH’s previous quarterly dividend of $0.25. ARBOR Rlty Tr I/SH’s dividend payout ratio is 96.15%.
Institutional investors have recently modified their holdings of the business. Telemus Capital LLC acquired a new position in shares of ARBOR Rlty Tr I/SH in the third quarter worth about $115,000. Advisory Services Network LLC raised its position in shares of ARBOR Rlty Tr I/SH by 80.4% in the third quarter. Advisory Services Network LLC now owns 10,234 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 4,560 shares during the period. WINTON GROUP Ltd acquired a new position in shares of ARBOR Rlty Tr I/SH in the first quarter worth about $107,000. SG Americas Securities LLC acquired a new position in shares of ARBOR Rlty Tr I/SH in the third quarter worth about $142,000. Finally, Private Advisor Group LLC acquired a new position in shares of ARBOR Rlty Tr I/SH in the third quarter worth about $147,000. Institutional investors and hedge funds 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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