Arbor Realty Trust (NYSE:ABR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Arbor Realty Trust (NYSE:ABR) had its target price lifted by equities researchers at JPMorgan Chase & Co. from $11.00 to $11.50 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 2.54% from the company’s previous close.

Other research analysts have also issued reports about the company. Wall Street Zen upgraded Arbor Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Arbor Realty Trust in a report on Tuesday, October 14th. Keefe, Bruyette & Woods boosted their price objective on shares of Arbor Realty Trust from $11.50 to $12.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Piper Sandler lifted their price target on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company an “underweight” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Arbor Realty Trust currently has a consensus rating of “Reduce” and a consensus price target of $12.00.

Arbor Realty Trust Trading Down 0.7%

Shares of ABR stock opened at $11.80 on Monday. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. Arbor Realty Trust has a twelve month low of $8.43 and a twelve month high of $15.76. The company’s 50-day moving average price is $11.85 and its 200-day moving average price is $11.15. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 12.97 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, August 1st. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%.The firm had revenue of $27.44 million for the quarter, compared to analysts’ expectations of $76.99 million. As a group, equities analysts predict that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Hedge Funds Weigh In On Arbor Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Arbor Realty Trust in the 2nd quarter valued at $447,944,000. Marshall Wace LLP purchased a new stake in Arbor Realty Trust during the 2nd quarter worth about $26,358,000. Balyasny Asset Management L.P. acquired a new position in shares of Arbor Realty Trust during the 2nd quarter worth about $21,534,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Arbor Realty Trust by 393.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 776,976 shares of the real estate investment trust’s stock valued at $9,129,000 after acquiring an additional 619,473 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Arbor Realty Trust by 30.3% during the 1st quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust’s stock worth $25,827,000 after acquiring an additional 510,772 shares in the last quarter. Hedge funds and other institutional investors 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.