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Why Arbor Realty Trust's Stock Is Trading Higher Today

Tanzeel Akhtar
·1 min read

Arbor Realty Trust (NYSE: ABR) shares are trading higher on Monday after Raymond James maintained its Outperform rating on the stock and raised its price target from $11.50 to $12 per share.

Arbor Realty Trust is a specialized real estate finance company. It invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.

In addition, it may also directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. The company has two business segments, Structured Business and Agency Business. It generates a majority of its revenue from the Structured Business Segment. The company is externally managed and advised by Arbor Commercial Mortgage, LLC.

Arbor Realty Trust shares were trading up 3.68% to $10.56 at time of publication on Monday. The stock has a 52-week high of $15.77 and a 52-week low of $3.54.

Latest Ratings for ABR

Date

Firm

Action

From

To

Aug 2020

Raymond James

Maintains

Outperform

Jul 2020

JP Morgan

Upgrades

Neutral

Overweight

Jun 2020

Raymond James

Maintains

Outperform

View More Analyst Ratings for ABR
View the Latest Analyst Ratings

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