Arbor Realty Trust (NYSE:ABR) Upgraded at Wall Street Zen

Key Points

• Arbor Realty Trust has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a shift in analysts' outlook on the stock.
• Currently, Arbor Realty Trust has a consensus target price of $11.63, with varying ratings from sell to buy among analysts.
• The company recently reported $0.24 earnings per share, missing the consensus estimate of $0.27, alongside revenues of $27.44 million for the quarter.

Arbor Realty Trust (NYSE:ABR - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Several other equities research analysts have also recently issued reports on ABR. Piper Sandler raised their target price on Arbor Realty Trust from $11.00 to $11.50 and gave the stock an "underweight" rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised their target price on Arbor Realty Trust from $11.50 to $12.00 and gave the stock a "market perform" rating in a research note on Thursday, October 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Arbor Realty Trust in a research note on Tuesday. Zacks Research raised Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, JMP Securities lowered their price target on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating for the company in a research report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $11.63.

Arbor Realty Trust Price Performance

ABR stock opened at $11.63 on Friday. The business has a fifty day moving average of $11.86 and a two-hundred day moving average of $11.15. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 12.77 and a beta of 1.37. Arbor Realty Trust has a 52-week low of $8.43 and a 52-week high of $15.76.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new position in Arbor Realty Trust in the second quarter valued at $447,944,000. Marshall Wace LLP purchased a new position in Arbor Realty Trust in the second quarter valued at $26,358,000. Balyasny Asset Management L.P. purchased a new position in Arbor Realty Trust in the second quarter valued at $21,534,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Arbor Realty Trust by 393.3% in the first 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 purchasing an additional 619,473 shares during the period. Finally, Invesco Ltd. boosted its holdings in Arbor Realty Trust by 30.3% in the first quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust's stock valued at $25,827,000 after purchasing an additional 510,772 shares during the period. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

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.

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