|Bid||11.00 x 800|
|Ask||0.00 x 4000|
|Day's Range||11.44 - 11.58|
|52 Week Range||7.88 - 11.81|
|PE Ratio (TTM)||9.01|
|Forward Dividend & Yield||1.00 (8.83%)|
|1y Target Est||N/A|
Arbor Realty Trust (NYSE:ABR) is a real estate investment trust (REIT) that is seeing a lot of interest in 2018. ABR stock is up 36% year to date and 42% for the past 12 months. Last year, most of the worries in the real estate sector were about how fast the Federal Reserve would raise rates and how strong the economy was.
Arbor Realty Trust (ABR) delivered earnings and revenue surprises of 19.23% and 7.42%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
UNIONDALE, N.Y. (AP) _ Arbor Realty Trust (ABR) on Friday reported a key measure of profitability in its second quarter. The real estate investment trust, based in Uniondale, New York, said it had funds from operations of $28 million, or 31 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry.
Amid portfolio-restructuring initiatives, SL Green's (SLG) acquisition of stake in 245 Park Avenue office tower will enable the company to channelize its funds efficiently.
Arbor Realty Trust Inc (NYSE:ABR) is structured as a real estate investment trust (REIT), and this is a great market to be a REIT in. Generally speaking, REITs own properties, whether commercial, retail, storage, medical, etc. They do well when the economy is doing well since it means businesses are growing and consumers are spending. The Federal Reserve just raised rates this week and said it’s expecting to raise them again two more times this year.
Duke Realty's (DRE) new warehouse facility at Fort Worth, which has been enjoying strong demand, is anticipated to strengthen the company's foothold in North Texas.
Mack-Cali's (CLI) latest lease with Plymouth Rock, for a 130,000-square-foot office space, escalates occupancy to 100% at the overhauled 581 Main Street-property in Woodbridge.
Today we've highlighted five stocks that are currently trading for under $10 per share. All of these stocks currently sport a Zacks Rank #2 (Buy) or better, and the selected companies are showing signs of outpacing the market throughout 2018.
Iron Mountain's (IRM) $1,750-million senior secured loan and $250-million term loan A will enable the company to lower interest rate margins and boost financial flexibility.
SL Green's (SLG) latest retail transaction are in sync with its efforts to improve its portfolio quality and shed non-strategic assets.
Alexandria Real Estate Equities' (ARE) Q2 dividend of 93 cents marks a 3% increase, as well as highlights the company's superior cash flow generating ability.
Vornado Realty's (VNO) agreement to sell the company's stake in the Manhattan office tower -- 666 Fifth Avenue Office Condominium -- will enable it to reduce asset concentration in the market.
Extra Space Storage's (EXR) senior unsecured notes offering worth $300 million through private placement expected to aid improve its financial stability.
Medical Properties' (MPW) sale of the company's equity stake in Ernest Health will enable it to generate an unlevered internal rate of return (IRR) of 13%.
Highwood Properties' (HIW) expansion strategies amid improving economy and recovering economy will drive long-term growth. However, an extensive pipeline might increase operating risks.
Prologis (PLD) gains from rising demand for its strategically-located properties, sells property in Menlo Park to Facebook for $400 million.
Jones Lang LaSalle (JLL) amends its credit facility by extending maturity. This move is likely to enhance the company's financial flexibility and keep its growth momentum alive.