Arbor Realty Trust with ticker code (ABR) now have 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 24 and 18 with the average target price sitting at 20.4. Given that the stocks previous close was at 16.61 this indicates there is a potential upside of 22.8%. There is a 50 day moving average of 17.23 and the 200 moving average now moves to 18.02. The company has a market capitalisation of $2,699m. Company Website: https://arbor.com
The potential market cap would be $3,315m based on the market concensus.
Arbor Realty Trust invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates in two segments, Structured Business and Agency Business. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities. The company offers bridge financing products to borrowers who seek short-term capital to be used in an acquisition of property; financing by making preferred equity investments in entities that directly or indirectly own real property; mezzanine financing in the form of loans that are subordinate to a conventional first mortgage loan and senior to the borrower’s equity in a transaction; junior participation financing in the form of a junior participating interest in the senior debt; and financing products to borrowers who are looking to acquire conventional, workforce, and affordable single-family housing. Further, it underwrites, originates, sells, and services multifamily mortgage loans through conduit/commercial mortgage-backed securities programs. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Arbor Realty Trust was incorporated in 2003 and is headquartered in Uniondale, New York.
