Shares of Arbor Realty Trust Inc (NYSE:ABR) have received an average broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.
Analysts have set a 1-year consensus target price of $8.75 for the company and are forecasting that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also given Arbor Realty Trust an industry rank of 240 out of 265 based on the ratings given to related companies.
Several research analysts recently weighed in on ABR shares. Zacks Investment Research raised shares of Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a report on Friday. JPMorgan Chase & Co. started coverage on shares of Arbor Realty Trust in a report on Thursday, December 21st. They issued a “neutral” rating and a $8.50 target price for the company.
Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, February 23rd. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $19.67 million during the quarter, compared to the consensus estimate of $17.50 million. Arbor Realty Trust had a net margin of 53.49% and a return on equity of 11.33%. Arbor Realty Trust’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. sell-side analysts expect that Arbor Realty Trust will post 0.9 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Thursday, March 8th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, March 7th. This represents a $0.84 annualized dividend and a yield of 9.58%. This is an increase from Arbor Realty Trust’s previous quarterly dividend of $0.19. Arbor Realty Trust’s dividend payout ratio is currently 73.68%.
A number of institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its holdings in Arbor Realty Trust by 7.2% in the 2nd quarter. Wells Fargo & Company MN now owns 40,267 shares of the real estate investment trust’s stock worth $336,000 after buying an additional 2,720 shares during the period. Navellier & Associates Inc boosted its holdings in Arbor Realty Trust by 14.8% in the 4th quarter. Navellier & Associates Inc now owns 57,652 shares of the real estate investment trust’s stock worth $498,000 after buying an additional 7,416 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in Arbor Realty Trust by 22.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 42,831 shares of the real estate investment trust’s stock worth $351,000 after buying an additional 7,916 shares during the period. Cypress Capital Management LLC WY boosted its holdings in Arbor Realty Trust by 243.8% in the 4th quarter. Cypress Capital Management LLC WY now owns 12,375 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 8,775 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Arbor Realty Trust in the 3rd quarter worth $107,000. 49.57% of the stock is owned by institutional investors.
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About Arbor Realty Trust
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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