In yesterday’s Wall Street session, Arbor Realty Trust Inc. (NYSE:ABR) shares traded at $12.81, down -1.54% from the previous session.
As of this writing, 6 analysts cover Arbor Realty Trust Inc. (NYSE:ABR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $14.00, we find $16.25. Given the previous closing price of $13.01, this indicates a potential upside of 24.9 percent. ABR stock price is now -14.53% away from the 50-day moving average and -8.78% away from the 200-day moving average. The market capitalization of the company currently stands at $2.39B.
There are 1 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $16.42 as their price target over the next twelve months.
With the price target maintained at $16, Piper Sandler recently Downgraded its rating from Overweight to Underweight for Arbor Realty Trust Inc. (NYSE: ABR).
In other news, Green William C, Director bought 8,776 shares of the company’s stock on Jun 01. The stock was bought for $112,542 at an average price of $12.82. Upon completion of the transaction, the Director now directly owns 147,681 shares in the company, valued at $1.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08, COB, CEO and President KAUFMAN IVAN bought 15,000 shares of the business’s stock. A total of $179,750 was incurred on buying the stock at an average price of $11.98. This leaves the insider owning 1,183,277 shares of the company worth $15.16 million. Insiders disposed of 85,086 shares of company stock worth roughly $1.09 million over the past 1 year. A total of 3.46% 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 PUBLIC SECTOR PENSION INVESTMENT BOARD during the first quarter worth $4,109,000. COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS invested $2,623,000 in shares of ABR during the first quarter. In the first quarter, THRIVENT FINANCIAL FOR LUTHERANS acquired a new stake in Arbor Realty Trust Inc. valued at approximately $2,219,000. GRATUS CAPITAL LLC acquired a new stake in ABR for approximately $1,951,000. TEXAS PERMANENT SCHOOL FUND CORP purchased a new stake in ABR valued at around $1,692,000 in the second quarter. In total, there are 360 active investors with 56.72% ownership of the company’s stock.
Thursday morning saw Arbor Realty Trust Inc. (NYSE: ABR) opened at $13.08. During the past 12 months, Arbor Realty Trust Inc. has had a low of $10.10 and a high of $17.74. The fifty day moving average price for ABR is $14.94 and a two-hundred day moving average price translates $14.04 for the stock.
The latest earnings results from Arbor Realty Trust Inc. (NYSE: ABR) was released for Jun, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.57, beating analysts’ expectations of $0.44 by 0.13. This compares to $0.41 EPS in the same period last year. The net profit margin was 20.70% and return on equity was 12.16% for ABR. The company reported revenue of $400.96 million for the quarter, compared to $251.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 59.26 percent. For the current quarter, analysts expect ABR to generate $99.96M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/31/2023. Investors who held shares on 08/15/2023 were paid a $0.43 dividend. On an annualized basis, this represents a $1.69 dividend and a 13.21% percent yield. There was an ex-dividend date of 08/14/2023 for this dividend. In terms of dividend payout ratio, ABR is presently at 92.07%.
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.
