Arbor Realty Trust's (ABR) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Arbor Realty Trust (ABR) in their latest research report, indicating a cautious stance towards the stock.
• Analysts have varied opinions on the stock, with target price adjustments ranging from $11.00 to $13.00, reflecting differing outlooks on Arbor Realty's performance.
• Arbor Realty Trust reported earnings of $0.24 per share for the last quarter, which was below analysts' expectations, highlighting ongoing challenges for the company.

Arbor Realty Trust (NYSE:ABR - Get Free Report)'s stock had its "hold (c)" rating restated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

ABR has been the topic of several other research reports. JMP Securities cut their target price 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. Piper Sandler increased their price objective on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the company an "underweight" rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased 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 research note on Thursday, October 9th. Finally, Zacks Research raised shares of Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $11.63.

Arbor Realty Trust Price Performance

NYSE:ABR traded up $0.06 during mid-day trading on Tuesday, reaching $11.68. 459,705 shares of the stock were exchanged, compared to its average volume of 3,215,095. The business has a fifty day moving average price of $11.85 and a 200 day moving average price of $11.14. 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 1-year low of $8.43 and a 1-year high of $15.76. The firm has a market capitalization of $2.25 billion, a PE ratio of 12.83 and a beta of 1.37.

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

Hedge Funds Weigh In On Arbor Realty Trust

Several institutional investors have recently modified their holdings of ABR. Kingstone Capital Partners Texas LLC bought a new stake in shares of Arbor Realty Trust in the 2nd quarter worth approximately $447,944,000. Marshall Wace LLP purchased a new position in Arbor Realty Trust during the second quarter valued at $26,358,000. Balyasny Asset Management L.P. purchased a new position in Arbor Realty Trust during the second quarter valued at $21,534,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Arbor Realty Trust by 393.3% during 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 buying an additional 619,473 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Arbor Realty Trust by 30.3% during 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 buying an additional 510,772 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors.

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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