Keefe, Bruyette & Woods Boosts Arbor Realty Trust (NYSE:ABR) Price Target to $12.00

Key Points

• Keefe, Bruyette & Woods has raised the price target for Arbor Realty Trust from $11.50 to $12.00, indicating a potential upside of 2.87% from its last close.
• Several analysts have varying ratings on Arbor Realty Trust, with one Buy rating, four Hold ratings, and two Sell ratings, while the consensus rating is "Reduce" with an average price target of $11.63.
• Arbor Realty Trust's recent quarterly earnings missed estimates, reporting $0.24 earnings per share against a consensus of $0.27, with revenues significantly lower than expectations.

Arbor Realty Trust (NYSE:ABR - Get Free Report) had its price objective upped by equities researchers at Keefe, Bruyette & Woods from $11.50 to $12.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 2.87% from the stock's previous close.

ABR has been the subject of several other reports. Piper Sandler lifted their price target on Arbor Realty Trust from $11.00 to $11.50 and gave the stock an "underweight" rating in a report on Wednesday. JMP Securities dropped their price objective on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating for the company in a report on Tuesday, August 19th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Arbor Realty Trust in a report on Saturday, September 27th. Finally, Zacks Research raised Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a report on Friday, October 3rd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $11.63.

Arbor Realty Trust Stock Performance

Shares of ABR traded down $0.43 during mid-day trading on Thursday, reaching $11.67. The company's stock had a trading volume of 915,946 shares, compared to its average volume of 3,232,698. Arbor Realty Trust has a 1-year low of $8.43 and a 1-year high of $15.76. The stock has a market cap of $2.24 billion, a P/E ratio of 12.82 and a beta of 1.37. The business has a 50-day simple moving average of $11.84 and a two-hundred day simple moving average of $11.16. 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 (NYSE:ABR - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). The firm 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, equities research analysts anticipate that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arbor Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in Arbor Realty Trust in the 2nd quarter worth about $447,944,000. Marshall Wace LLP acquired a new position in Arbor Realty Trust in the 2nd quarter worth about $26,358,000. Balyasny Asset Management L.P. acquired a new position in Arbor Realty Trust in the 2nd quarter worth about $21,534,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in 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 worth $9,129,000 after purchasing an additional 619,473 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Arbor Realty Trust by 30.3% in the 1st quarter. Invesco Ltd. now owns 2,198,079 shares of the real estate investment trust's stock worth $25,827,000 after purchasing an additional 510,772 shares in the last quarter. 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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