Market Overview

UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Arbor Realty Trust on Solid 4Q Results

Share:
Related ABR
27 Stocks Moving In Thursday's Pre-Market Session
Benzinga's Top Upgrades, Downgrades For October 24, 2018
Arbor Realty: Current Yield More Than 9% Plus A Special Dividend (Seeking Alpha)

In a report published Wednesday, Deutsche Bank reiterated its Buy rating on Arbor Realty Trust (NYSE: ABR), and raised its price target from $7.50 to $9.50.

Deutsche Bank noted, “Reiterate Buy after solid 4Q results; 1Q developments. Given solid 4Q results (FFO beat our estimate) and positive developments since year end, we are reiterating our Buy rating on Arbor and increasing our price target to $9.50 per share. Since year end, Arbor has priced a $260 million CLO, raised $37m through a preferred offering, increased existing credit facilities by $30m, and closed a new $50m credit facility. As Arbor continues to originate new investments and reduce exposure to legacy portfolio issues, we expect shares to move towards our target.”

Arbor Realty Trust closed on Tuesday at $7.88.

Latest Ratings for ABR

DateFirmActionFromTo
Nov 2018Deutsche BankMaintainsHoldHold
Oct 2018JP MorganDowngradesNeutralUnderweight
Oct 2018BTIG ResearchInitiates Coverage OnBuy

View More Analyst Ratings for ABR
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (ABR)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
DLTRBernsteinUpgrades0.0
CNPUBSUpgrades34.0
UGIUBSDowngrades63.0
ATOUBSDowngrades106.0
CSCONomuraDowngrades50.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

ForexLive Americas Wrap: UK Still Has a AAA-Rating

UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Texas Roadhouse on 4Q Beat