Arbor Realty Trust which can be found using ticker (ABR) have now 4 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 18.5 and 12 suggesting an average Analsyt target price of $16.00. Given that the stocks previous close was at $10.69 this would indicate that there is a potential upside of 49.7%. It’s also worth noting that there is a 50 day moving average of $12.65 and the 200 day moving average is $13.83. The company has a market cap of $1,928m. Company Website: https://arbor.com
The potential market cap would be $2,886m based on the market consensus.
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.
The company has a dividend yield of 14.97% with the ex dividend date set at 10-3-2023 (DMY).
Other points of data to note are a P/E ratio of 6.28, revenue per share of 3.96 and a 2.2% return on assets.
