Citizens lowered the firm’s price target on Arbor Realty (ABR) to $11 from $12 and keeps an Outperform rating on the shares. While the company is working through credit resolutions, there is significant platform value in Arbor’s well-established Agency multifamily origination and servicing business, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ABR:
- Arbor Realty Trust Completes Large Commercial Loan Securitization
- Energy Fuels, Arbor, TeraWulf, Senseonics, Phillips 66 Shock
- Arbor Realty price target raised to $8 from $7.50 at Keefe Bruyette
- Arbor Realty Trust Maps Path Beyond Legacy Drag
- Arbor Realty reports Q4 distributable EPS 19c, consensus 14c