Arbor Realty Trust (ABR) Trading 1.4% Higher
Arbor Realty Trust (NYSE:ABR)’s share price traded up 1.4% during trading on Thursday . The company traded as high as $7.77 and last traded at $7.72, with a volume of 90,724 shares. The stock had previously closed at $7.61.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Arbor Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, April 29th. JMP Securities boosted their price objective on shares of Arbor Realty Trust from $7.50 to $8.00 and gave the stock a “market outperform” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Arbor Realty Trust from $7.00 to $8.00 and gave the stock a “market perform” rating in a report on Tuesday, August 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Arbor Realty Trust currently has a consensus rating of “Buy” and an average target price of C$8.25.
The stock’s 50 day moving average price is $7.26 and its 200 day moving average price is $6.88. The company has a market cap of $396.66 million and a price-to-earnings ratio of 12.45.
Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings data on Friday, August 5th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.16. Equities research analysts forecast 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. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, August 15th. This represents a $0.64 annualized dividend and a yield of 8.29%.
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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