Shares of ARBOR RLTY TR I/SH (NYSE:ABR) have received a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $13.50.
Several equities research analysts have recently weighed in on the company. ValuEngine lowered ARBOR RLTY TR I/SH from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. JMP Securities set a $14.50 target price on ARBOR RLTY TR I/SH and gave the stock a “market outperform” rating in a research report on Friday, September 6th. Zacks Investment Research lowered ARBOR RLTY TR I/SH from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Raymond James raised ARBOR RLTY TR I/SH from a “market perform” rating to an “outperform” rating and set a $14.50 target price on the stock in a research report on Wednesday, August 21st.
ABR stock traded up $0.14 during mid-day trading on Wednesday, reaching $13.54. The company had a trading volume of 1,001,402 shares, compared to its average volume of 1,175,375. The company has a debt-to-equity ratio of 2.09, a quick ratio of 15.10 and a current ratio of 15.10. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 11.19 and a beta of 0.60. The firm has a fifty day simple moving average of $13.10 and a 200 day simple moving average of $12.78. ARBOR RLTY TR I/SH has a fifty-two week low of $9.62 and a fifty-two week high of $13.94.
ARBOR RLTY TR I/SH (NYSE:ABR) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $82.17 million for the quarter, compared to analyst estimates of $73.10 million. ARBOR RLTY TR I/SH had a return on equity of 13.20% and a net margin of 44.17%. As a group, analysts predict that ARBOR RLTY TR I/SH will post 1.27 earnings per share for the current year.
In other ARBOR RLTY TR I/SH news, Director William C. Green bought 20,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were acquired at an average price of $12.83 per share, with a total value of $256,600.00. Following the transaction, the director now owns 121,265 shares of the company’s stock, valued at $1,555,829.95. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Melvin F. Lazar bought 4,559 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of $12.16 per share, for a total transaction of $55,437.44. Following the transaction, the director now directly owns 205,000 shares in the company, valued at approximately $2,492,800. The disclosure for this purchase can be found here. 10.50% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE purchased a new position in ARBOR RLTY TR I/SH during the 2nd quarter worth approximately $56,000. Gateway Advisory LLC purchased a new position in ARBOR RLTY TR I/SH during the 3rd quarter worth approximately $141,000. MML Investors Services LLC purchased a new position in ARBOR RLTY TR I/SH during the 2nd quarter worth approximately $149,000. Concorde Asset Management LLC purchased a new position in ARBOR RLTY TR I/SH during the 3rd quarter worth approximately $153,000. Finally, Csenge Advisory Group purchased a new position in ARBOR RLTY TR I/SH during the 2nd quarter worth approximately $175,000. 48.38% of the stock is currently owned by institutional investors and hedge funds.
ARBOR RLTY TR I/SH Company Profile
Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The company operates in two segments, Structured Business and Agency Business. It 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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