Arbor Realty Trust Inc. (NYSE:ABR) shares traded -2.17% lower at $13.55 on Wall Street last session.
In accordance with the data, 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 $16.50. Given the previous closing price of $13.85, this indicates a potential upside of 19.13 percent. ABR stock price is now -14.07% away from the 50-day moving average and -3.24% away from the 200-day moving average. The market capitalization of the company currently stands at $2.53B.
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It has been rated a hold by 1 analysts and a buy by 2. Brokers who have rated the stock have averaged $16.67 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 $2.0 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 $16.03 million. Insiders disposed of 84,709 shares of company stock worth roughly $1.15 million over the past 1 year. A total of 9.29% 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 $4,347,000. COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS invested $2,775,000 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 $2,347,000. TEXAS PERMANENT SCHOOL FUND CORP acquired a new stake in ABR for approximately $1,789,000. STATE OF ALASKA, DEPARTMENT OF REVENUE purchased a new stake in ABR valued at around $1,615,000 in the second quarter. In total, there are 360 active investors with 56.46% ownership of the company’s stock.
Arbor Realty Trust Inc. (NYSE: ABR) opened at $13.76 on Wednesday. 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 $15.72 and a two-hundred day moving average price translates $14.00 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 $100.14M 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 12.45% 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%.
