Arbor Realty Trust (NYSE:ABR) Price Target Increased to $16.00 by Analysts at Raymond James

Arbor Realty Trust (NYSE:ABR) had its price target upped by research analysts at Raymond James from $15.00 to $16.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price objective indicates a potential upside of 4.99% from the company’s current price.

ABR has been the topic of several other reports. Keefe, Bruyette & Woods raised their price target on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. reduced their target price on shares of Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating on the stock in a research note on Tuesday, July 16th. JMP Securities reduced their target price on shares of Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Thursday, June 20th. Finally, Piper Sandler lifted their target price on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.83.

Arbor Realty Trust Stock Performance

ABR stock traded up $0.21 during midday trading on Thursday, hitting $15.24. 1,473,023 shares of the stock traded hands, compared to its average volume of 4,136,638. The firm has a market cap of $2.87 billion, a P/E ratio of 9.46 and a beta of 2.05. The company has a debt-to-equity ratio of 2.78, a current ratio of 37.31 and a quick ratio of 37.31. The stock’s fifty day simple moving average is $13.54 and its 200-day simple moving average is $13.44. Arbor Realty Trust has a 1-year low of $11.77 and a 1-year high of $16.35.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $297.19 million for the quarter, compared to the consensus estimate of $300.69 million. Arbor Realty Trust had a net margin of 24.59% and a return on equity of 15.75%. During the same period last year, the firm posted $0.56 earnings per share. On average, analysts expect that Arbor Realty Trust will post 1.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Arbor Realty Trust by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock valued at $286,612,000 after purchasing an additional 235,364 shares in the last quarter. Wasatch Advisors LP raised its stake in Arbor Realty Trust by 16.2% during the 1st quarter. Wasatch Advisors LP now owns 3,490,211 shares of the real estate investment trust’s stock worth $46,245,000 after acquiring an additional 485,422 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Arbor Realty Trust by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,020,466 shares of the real estate investment trust’s stock worth $30,671,000 after acquiring an additional 96,367 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Arbor Realty Trust by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,421,552 shares of the real estate investment trust’s stock worth $20,399,000 after acquiring an additional 43,165 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Arbor Realty Trust by 6.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,337,689 shares of the real estate investment trust’s stock worth $17,724,000 after acquiring an additional 78,154 shares in the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

About Arbor Realty Trust

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