Deutsche Bank Boosts ARBOR Rlty Tr I/SH (ABR) Price Target to $11.50

ARBOR Rlty Tr I/SH (NYSE:ABR) had its price objective hoisted by Deutsche Bank from $11.00 to $11.50 in a research note released on Monday. Deutsche Bank currently has a hold rating on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on ABR. BTIG Research started coverage on ARBOR Rlty Tr I/SH in a report on Monday, October 8th. They set a buy rating and a $13.00 price target for the company. JMP Securities reaffirmed a buy rating and issued a $12.00 price objective on shares of ARBOR Rlty Tr I/SH in a report on Wednesday, August 15th. Raymond James initiated coverage on ARBOR Rlty Tr I/SH in a report on Monday, July 30th. They issued a market perform rating for the company. Zacks Investment Research cut ARBOR Rlty Tr I/SH from a strong-buy rating to a hold rating in a report on Monday, July 9th. Finally, JPMorgan Chase & Co. cut ARBOR Rlty Tr I/SH from a neutral rating to an underweight rating and set a $11.55 price objective for the company. in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $12.41.

NYSE:ABR opened at $12.08 on Monday. The company has a market cap of $920.33 million, a P/E ratio of 10.31 and a beta of 0.15. The company has a quick ratio of 12.66, a current ratio of 12.60 and a debt-to-equity ratio of 2.19. ARBOR Rlty Tr I/SH has a 1-year low of $7.89 and a 1-year high of $12.41.

ARBOR Rlty Tr I/SH (NYSE:ABR) last released its quarterly earnings results on Friday, November 2nd. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The business had revenue of $27.95 million during the quarter, compared to analysts’ expectations of $25.00 million. ARBOR Rlty Tr I/SH had a return on equity of 13.78% and a net margin of 50.73%. The firm’s revenue was up 52.8% on a year-over-year basis. As a group, equities research analysts forecast that ARBOR Rlty Tr I/SH will post 1.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, November 14th. This is a boost from ARBOR Rlty Tr I/SH’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 8.94%. ARBOR Rlty Tr I/SH’s payout ratio is currently 96.15%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. raised its holdings in ARBOR Rlty Tr I/SH by 103.2% in the 3rd quarter. Alliancebernstein L.P. now owns 76,200 shares of the real estate investment trust’s stock valued at $875,000 after acquiring an additional 38,700 shares in the last quarter. National Asset Management Inc. acquired a new position in ARBOR Rlty Tr I/SH in the 3rd quarter valued at $186,000. Swiss National Bank raised its holdings in ARBOR Rlty Tr I/SH by 13.2% in the 3rd quarter. Swiss National Bank now owns 96,800 shares of the real estate investment trust’s stock valued at $1,111,000 after acquiring an additional 11,300 shares in the last quarter. Chartwell Investment Partners LLC raised its holdings in ARBOR Rlty Tr I/SH by 5.0% in the 3rd quarter. Chartwell Investment Partners LLC now owns 236,625 shares of the real estate investment trust’s stock valued at $2,716,000 after acquiring an additional 11,205 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in ARBOR Rlty Tr I/SH by 15.4% in the 3rd quarter. Rhumbline Advisers now owns 60,296 shares of the real estate investment trust’s stock valued at $692,000 after acquiring an additional 8,059 shares in the last quarter. 55.97% of the stock is owned by hedge funds and other institutional investors.

About ARBOR Rlty Tr I/SH

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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