In yesterday’s Wall Street session, Arbor Realty Trust Inc. (NYSE:ABR) shares traded at $12.17, down -0.16% from the previous session.
6 analysts cover Arbor Realty Trust Inc. (NYSE:ABR), according to research data. 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 $12.50, we find $15.50. Given the previous closing price of $12.19, this indicates a potential upside of 27.15 percent. ABR stock price is now -12.46% away from the 50-day moving average and -12.30% away from the 200-day moving average. The market capitalization of the company currently stands at $2.29B.
The stock has received a hold rating from 1 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $15.42 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, Elenio Paul, Chief Financial Officer bought 7,500 shares of the company’s stock on Nov 16. The stock was bought for $92,775 at an average price of $12.37. Upon completion of the transaction, the Chief Financial Officer now directly owns 277,299 shares in the company, valued at $3.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, Director Green William C bought 4,919 shares of the business’s stock. A total of $63,947 was incurred on buying the stock at an average price of $13.00. This leaves the insider owning 152,600 shares of the company worth $1.86 million. Insiders disposed of 425,322 shares of company stock worth roughly $5.18 million over the past 1 year. A total of 3.47% of the company’s stock is owned by insiders.
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 $13.90 and a two-hundred day moving average price translates $13.88 for the stock.
The latest earnings results from Arbor Realty Trust Inc. (NYSE: ABR) was released for Sep, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.55, beating analysts’ expectations of $0.45 by 0.1. This compares to $0.36 EPS in the same period last year. The net profit margin was 20.42% and return on equity was 12.42% for ABR. The company reported revenue of $405.87 million for the quarter, compared to $294.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 37.67 percent. For the current quarter, analysts expect ABR to generate $97.71M in revenue.
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.
