The stock of Arbor Realty Trust Inc. (NYSE:ABR) last traded at $12.06, up 0.25% from the previous session.
Data from the available sources indicates that Arbor Realty Trust Inc. (NYSE:ABR) is covered by 6 analysts. 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 $12.03, this indicates a potential upside of 28.84 percent. ABR stock price is now -11.83% away from the 50-day moving average and -12.84% away from the 200-day moving average. The market capitalization of the company currently stands at $2.27B.
In total, 1 analysts have assigned it a hold rating, and 2 have given it a buy rating. 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, KAUFMAN IVAN, COB, CEO and President bought 20,000 shares of the company’s stock on Nov 24. The stock was bought for $243,000 at an average price of $12.15. Upon completion of the transaction, the COB, CEO and President now directly owns 1,068,412 shares in the company, valued at $12.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21, COB, CEO and President KAUFMAN IVAN bought 15,000 shares of the business’s stock. A total of $183,450 was incurred on buying the stock at an average price of $12.23. This leaves the insider owning 1,048,412 shares of the company worth $12.64 million. Insiders disposed of 245,408 shares of company stock worth roughly $2.96 million over the past 1 year. A total of 3.48% of the company’s stock is owned by insiders.
With an opening price of $12.12 on Tuesday morning, Arbor Realty Trust Inc. (NYSE: ABR) set off the trading day. 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 $13.68 and a two-hundred day moving average price translates $13.84 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.
