Arbor Realty Trust (ABR) Receives Average Rating of “Strong Buy” from Analysts
Arbor Realty Trust (NYSE:ABR) has earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus price target of $9.00 for the company and are expecting that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also given Arbor Realty Trust an industry rank of 199 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Arbor Realty Trust from a “hold” rating to a “strong-buy” rating and set a $9.50 target price on the stock in a research report on Thursday, November 9th.
Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. Arbor Realty Trust had a net margin of 57.54% and a return on equity of 11.61%. The business had revenue of $42.14 million for the quarter. sell-side analysts predict that Arbor Realty Trust will post 1 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.19 per share. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 8.81%. The ex-dividend date of this dividend was Tuesday, November 14th. Arbor Realty Trust’s payout ratio is 64.96%.
Institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. acquired a new position in Arbor Realty Trust in the third quarter valued at about $107,000. Prudential Financial Inc. acquired a new position in Arbor Realty Trust in the second quarter valued at about $110,000. UBS Asset Management Americas Inc. acquired a new position in Arbor Realty Trust in the second quarter valued at about $133,000. Cubist Systematic Strategies LLC boosted its position in Arbor Realty Trust by 98.8% in the second quarter. Cubist Systematic Strategies LLC now owns 31,367 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 15,587 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Arbor Realty Trust in the second quarter valued at about $291,000. Institutional investors and hedge funds own 45.68% of the company’s stock.
Arbor Realty Trust Company Profile
Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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