In yesterday’s Wall Street session, Arbor Realty Trust Inc. (NYSE:ABR) shares traded at $12.30, down -3.98% from the previous session.
As of this writing, 5 analysts cover Arbor Realty Trust Inc. (NYSE:ABR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $17.50 and a low of $11.50, we find $16.00. Given the previous closing price of $12.81, this indicates a potential upside of 24.9 percent. ABR stock price is now 7.38% away from the 50-day moving average and -9.16% away from the 200-day moving average. The market capitalization of the company currently stands at $2.32B.
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There are 2 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $14.70 as their price target over the next twelve months.
In other news, KAUFMAN IVAN, COB, CEO and President bought 15,000 shares of the company’s stock on May 08. The stock was bought for $179,750 at an average price of $11.98. Upon completion of the transaction, the COB, CEO and President now directly owns 1,183,277 shares in the company, valued at $14.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13, COB, CEO and President KAUFMAN IVAN bought 10,000 shares of the business’s stock. A total of $124,280 was incurred on buying the stock at an average price of $12.43. This leaves the insider owning 1,168,277 shares of the company worth $14.37 million. Insiders disposed of 113,121 shares of company stock worth roughly $1.39 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ABR stock. A new stake in Arbor Realty Trust Inc. shares was purchased by GROUP ONE TRADING, L.P. during the first quarter worth $3,273,000. SOLTIS INVESTMENT ADVISORS LLC invested $2,354,000 in shares of ABR during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in Arbor Realty Trust Inc. valued at approximately $2,221,000. UBS ASSET MANAGEMENT AMERICAS INC acquired a new stake in ABR for approximately $1,562,000. TWO SIGMA INVESTMENTS, LP purchased a new stake in ABR valued at around $1,304,000 in the second quarter. In total, there are 350 active investors with 44.20% ownership of the company’s stock.
Friday morning saw Arbor Realty Trust Inc. (NYSE: ABR) opened at $12.85. During the past 12 months, Arbor Realty Trust Inc. has had a low of $10.10 and a high of $16.77. The fifty day moving average price for ABR is $11.42 and a two-hundred day moving average price translates $13.52 for the stock.
The latest earnings results from Arbor Realty Trust Inc. (NYSE: ABR) was released for Mar, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.62, beating analysts’ expectations of $0.4 by 0.22. This compares to $0.40 EPS in the same period last year. The net profit margin was 22.60% and return on equity was 13.50% for ABR. The company reported revenue of $401.05 million for the quarter, compared to $225.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 77.77 percent. For the current quarter, analysts expect ABR to generate $97.84M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/31/2023. Investors who held shares on 05/19/2023 were paid a $0.42 dividend. On an annualized basis, this represents a $1.68 dividend and a 13.66% percent yield. There was an ex-dividend date of 05/18/2023 for this dividend. In terms of dividend payout ratio, ABR is presently at 88.80%.
Arbor Realty Trust Inc.(ABR) 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 in two segments, Structured Business and Agency Business. 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. The company offers bridge financing products to borrowers who seek short-term capital to be used in an acquisition of property; financing by making preferred equity investments in entities that directly or indirectly own real property; mezzanine financing in the form of loans that are subordinate to a conventional first mortgage loan and senior to the borrower’s equity in a transaction; junior participation financing in the form of a junior participating interest in the senior debt; and financing products to borrowers who are looking to acquire conventional, workforce, and affordable single-family housing. Further, it underwrites, originates, sells, and services multifamily mortgage loans through conduit/commercial mortgage-backed securities programs. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Arbor Realty Trust, Inc. was incorporated in 2003 and is headquartered in Uniondale, New York.
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