Keefe Bruyette analyst Jade Rahmani raised the firm’s price target on Arbor Realty (ABR) to $12 from $11.50 and keeps a Market Perform rating on the shares. The positive trajectory for the CMREITs should continue in Q3, with accelerating investment activity and loan resolutions driving earnings growth, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ABR:
- Arbor Realty price target raised to $11.50 from $11 at Piper Sandler
- Arbor Realty call volume above normal and directionally bullish
- Unusually active option classes on open September 24th
- Largest borrow rate increases among liquid names
- Arbor Realty price target lowered to $13 from $13.50 at Citizens JMP