Arbor Realty Trust (ABR) Reaches New 52-Week High at $7.46
Arbor Realty Trust (NYSE:ABR) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $7.46 and last traded at $7.42, with a volume of 80,315 shares. The stock had previously closed at $7.30.
Several equities research analysts recently issued reports on ABR shares. Zacks Investment Research raised shares of Arbor Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, April 29th. Keefe, Bruyette & Woods boosted their target price on shares of Arbor Realty Trust from $7.00 to $8.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 16th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Arbor Realty Trust presently has an average rating of “Hold” and an average target price of C$7.75.
The company has a market capitalization of $385.36 million and a P/E ratio of 12.10. The firm has a 50 day moving average of $7.21 and a 200-day moving average of $6.84.
Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, August 5th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.16. On average, analysts forecast that Arbor Realty Trust will post $0.73 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th will be given a $0.16 dividend. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 8.77%. The ex-dividend date of this dividend is Monday, August 15th.
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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