Raymond James analyst Stephen Laws raised the firm’s price target on Arbor Realty to $17 from $16 and keeps an Outperform rating on the shares. Arbor’s Q2 results saw strength across the business, as NII, gain on sales, gain on MSRs, and servicing revenue all exceeded expectations, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ABR:
- Arbor Realty put volume heavy and directionally bearish
- Arbor Realty downgraded to Underweight from Overweight at Piper Sandler
- Arbor Realty Trust Reports Second Quarter 2023 Results and Increases Quarterly Dividend to $0.43 per Share
- Arbor Realty raises quarterly dividend 2% to 43c per share
- Arbor Realty reports Q2 distributable EPS 57c, consensus 44c