|Bid||0.00 x 900|
|Ask||12.12 x 1800|
|Day's Range||11.62 - 12.04|
|52 Week Range||3.54 - 15.77|
|Beta (5Y Monthly)||1.82|
|PE Ratio (TTM)||22.42|
|Earnings Date||Oct 30, 2020 - Nov 03, 2020|
|Forward Dividend & Yield||1.24 (10.54%)|
|Ex-Dividend Date||Aug 14, 2020|
|1y Target Est||11.20|
Arbor Realty Trust (ABR) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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 DateFirmActionFromTo Aug 2020Raymond JamesMaintainsOutperform Jul 2020JP MorganUpgradesNeutralOverweight Jun 2020Raymond JamesMaintainsOutperform View More Analyst Ratings for ABR View the Latest Analyst RatingsSee more from Benzinga * Why Senmmiao's Stock Is Trading Higher Today * Why Tyme Technologies's Stock Is Trading Higher Today * Why Eli Lilly's Stock Is Trading Higher Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
ABR earnings call for the period ending June 30, 2020.