Arbor Realty Trust (ABR) Reaches New 52-Week High at $7.46
Arbor Realty Trust (NYSE:ABR)’s share price hit a new 52-week high on Monday . The stock traded as high as $7.46 and last traded at $7.42, with a volume of 80,315 shares trading hands. The stock had previously closed at $7.30.
Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on Arbor Realty Trust from $7.00 to $8.00 and gave the company a “market perform” rating in a research note on Tuesday, August 16th. Zacks Investment Research upgraded Arbor Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$7.75.
The stock has a market cap of $385.36 million and a P/E ratio of 12.10. The stock has a 50 day moving average of $7.21 and a 200-day moving average of $6.84.
Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings data on Friday, August 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.16. On average, equities analysts anticipate that Arbor Realty Trust will post $0.73 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, August 15th. This represents a $0.64 annualized dividend and a yield of 8.77%. This is a boost from Arbor Realty Trust’s previous quarterly dividend of $0.15.
Arbor Realty Trust, Inc is a specialized real estate finance company that invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The Company operates in the portfolio segment of commercial mortgage loans and investments. The Company invests primarily in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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