ARBOR Rlty Tr I/SH (ABR) Reaches New 12-Month High at $12.41

Shares of ARBOR Rlty Tr I/SH (NYSE:ABR) hit a new 52-week high on Friday . The company traded as high as $12.41 and last traded at $12.16, with a volume of 40578 shares trading hands. The stock had previously closed at $11.89.

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lowered ARBOR Rlty Tr I/SH from a “neutral” rating to an “underweight” rating and set a $11.55 price objective on the stock. in a research note on Wednesday, October 24th. Zacks Investment Research lowered ARBOR Rlty Tr I/SH from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 9th. JMP Securities reaffirmed a “buy” rating and set a $12.00 price target on shares of ARBOR Rlty Tr I/SH in a research note on Wednesday, August 15th. BTIG Research initiated coverage on ARBOR Rlty Tr I/SH in a research note on Monday, October 8th. They set a “buy” rating and a $13.00 price target on the stock. Finally, Raymond James initiated coverage on ARBOR Rlty Tr I/SH in a research note on Monday, July 30th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $11.41.

The company has a quick ratio of 12.66, a current ratio of 12.66 and a debt-to-equity ratio of 2.25. The company has a market cap of $905.44 million, a PE ratio of 11.78 and a beta of 0.20.

ARBOR Rlty Tr I/SH (NYSE:ABR) last issued its quarterly earnings results on Friday, August 3rd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). ARBOR Rlty Tr I/SH had a net margin of 38.56% and a return on equity of 12.62%. The firm had revenue of $21.40 million for the quarter, compared to analyst estimates of $20.97 million. The firm’s revenue was up 51.8% compared to the same quarter last year. Equities research analysts predict that ARBOR Rlty Tr I/SH will post 1.1 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of ARBOR Rlty Tr I/SH by 24.4% in the second quarter. BlackRock Inc. now owns 5,969,558 shares of the real estate investment trust’s stock worth $62,263,000 after acquiring an additional 1,169,863 shares in the last quarter. Wasatch Advisors Inc. increased its holdings in shares of ARBOR Rlty Tr I/SH by 20.7% in the second quarter. Wasatch Advisors Inc. now owns 2,798,815 shares of the real estate investment trust’s stock worth $29,192,000 after acquiring an additional 479,807 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of ARBOR Rlty Tr I/SH by 41.6% in the second quarter. Renaissance Technologies LLC now owns 2,341,702 shares of the real estate investment trust’s stock worth $24,424,000 after acquiring an additional 687,651 shares in the last quarter. Millennium Management LLC increased its holdings in shares of ARBOR Rlty Tr I/SH by 14.7% in the first quarter. Millennium Management LLC now owns 1,887,718 shares of the real estate investment trust’s stock worth $16,650,000 after acquiring an additional 242,154 shares in the last quarter. Finally, Global X Management Co LLC increased its holdings in shares of ARBOR Rlty Tr I/SH by 0.9% in the second quarter. Global X Management Co LLC now owns 1,139,640 shares of the real estate investment trust’s stock worth $11,886,000 after acquiring an additional 10,309 shares in the last quarter. 55.60% of the stock is currently owned by hedge funds and other institutional investors.

About ARBOR Rlty Tr I/SH (NYSE:ABR)

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. It operates in two segments, Structured Business and Agency Business. The company primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.

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