JMP Securities lowered the firm’s price target on Arbor Realty to $17 from $19 and keeps an Outperform rating on the shares ahead of the Q4 results. While Arbor’s focus on multifamily assets has led to strong credit performance relative to other commercial real estate property types, there could be additional pressure on borrowers in 2024 as loans in the portfolio near maturity, the analyst tells investors in a research note.
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