Arbor Realty Trust (NYSE:ABR) Given New $11.50 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target for Arbor Realty Trust from $11.00 to $11.50, although it maintains an "underweight" rating on the stock.
• Arbor Realty Trust reported a missed earnings estimate for the quarter, with an EPS of $0.24 compared to the expected $0.27, alongside a significant revenue shortfall.
• Institutional ownership in Arbor Realty Trust is at 57.25%, with several firms recently increasing their stake in the company amid fluctuating market interest.

Arbor Realty Trust (NYSE:ABR - Get Free Report) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from $11.00 to $11.50 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "underweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price target points to a potential downside of 3.26% from the stock's current price.

Several other equities research analysts have also recently commented on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Arbor Realty Trust in a research report on Tuesday, October 14th. Piper Sandler increased their price objective on Arbor Realty Trust from $11.00 to $11.50 and gave the company an "underweight" rating in a research report on Wednesday, October 8th. Wall Street Zen raised Arbor Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday. JMP Securities dropped their price objective on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 19th. Finally, Keefe, Bruyette & Woods increased their price objective on Arbor Realty Trust from $11.50 to $12.00 and gave the company a "market perform" rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Arbor Realty Trust has an average rating of "Reduce" and an average price target of $12.00.

Arbor Realty Trust Stock Up 2.1%

Shares of NYSE ABR traded up $0.25 during trading on Monday, reaching $11.89. The company had a trading volume of 1,776,778 shares, compared to its average volume of 3,199,153. Arbor Realty Trust has a 12-month low of $8.43 and a 12-month high of $15.76. The stock has a market cap of $2.29 billion, a PE ratio of 13.06 and a beta of 1.37. The business's 50-day moving average is $11.86 and its 200 day moving average is $11.14. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last released 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 company had revenue of $27.44 million during the quarter, compared to analysts' expectations of $76.99 million. As a group, equities analysts forecast that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ABR. Amalgamated Bank grew its holdings in Arbor Realty Trust by 1.8% during the second quarter. Amalgamated Bank now owns 54,581 shares of the real estate investment trust's stock worth $584,000 after acquiring an additional 962 shares during the period. Jamison Private Wealth Management Inc. grew its holdings in Arbor Realty Trust by 7.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 15,108 shares of the real estate investment trust's stock worth $184,000 after acquiring an additional 1,086 shares during the period. Allworth Financial LP grew its holdings in Arbor Realty Trust by 77.8% during the second quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 1,130 shares during the period. Covestor Ltd grew its holdings in Arbor Realty Trust by 14.7% during the first quarter. Covestor Ltd now owns 8,965 shares of the real estate investment trust's stock worth $105,000 after acquiring an additional 1,146 shares during the period. Finally, Byrne Financial Freedom LLC grew its holdings in Arbor Realty Trust by 8.0% during the second quarter. Byrne Financial Freedom LLC now owns 15,548 shares of the real estate investment trust's stock worth $166,000 after acquiring an additional 1,157 shares during the period. Institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Company Profile

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.

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