Arbor Realty Trust (ABR) Trading Up 1.4%
Arbor Realty Trust (NYSE:ABR)’s share price was up 1.4% during mid-day trading on Thursday . The stock traded as high as $7.77 and last traded at $7.72, with a volume of 90,724 shares trading hands. The stock had previously closed at $7.61.
Several equities analysts have recently issued reports on ABR shares. Zacks Investment Research raised Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Tuesday. JMP Securities boosted their price objective on Arbor Realty Trust from $7.50 to $8.00 and gave the company a “market outperform” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods boosted their price objective on Arbor Realty Trust from $7.00 to $8.00 and gave the company a “market perform” rating in a report on Tuesday, August 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$8.25.
The firm has a market capitalization of $396.66 million and a P/E ratio of 12.45. The firm has a 50-day moving average price of $7.26 and a 200-day moving average price of $6.88.
Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, August 5th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.07 by $0.16. Equities 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. Investors of record on Wednesday, August 17th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 8.29%. This is an increase from Arbor Realty Trust’s previous quarterly dividend of $0.15. 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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