With 2.0 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.57 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $15.3097 whereas the lowest price it dropped to was $15.0. The 52-week range on ABR shows that it touched its highest point at $16.35 and its lowest point at $11.77 during that stretch. It currently has a 1-year price target of $14.54. With its current market cap of 2.86 billion, ABR has annualized dividend of $1.72 while the current yield stands at 11.36%. Beta for the stock currently stands at 2.01.
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Price Performance and Earnings:
Three-month performance surged to 11.73% while six-month performance rose 17.91%. The stock gained 23.82% in the past year, while it has lost -0.26% so far this year. A look at the trailing 12-month EPS for ABR yields 1.30 with Next year EPS estimates of 1.60. For the next quarter, that number is 0.38. This implies an EPS growth rate of -23.02% for this year and -7.39% for next year. EPS is expected to grow by 8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.18%.
Float and Shares Shorts:
At present, 188.51 million ABR shares are outstanding with a float of 181.42 million shares on hand for trading. On 2024-10-15, short shares totaled 59.72 million, which was 3166.0 higher than short shares on 1726185600. In addition to Mr. Ivan Paul Kaufman as the firm’s Chairman, President & CEO, Mr. Paul Anthony Elenio serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.60119 of ABR’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ABR since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ABR analysts setting a high price target of 16.5 and a low target of 13.0, the average target price over the next 12 months is 14.54. Based on these targets, ABR could surge 8.98% to reach the target high and fall by -14.13% to reach the target low. Reaching the average price target will result in a decline of -3.96% from current levels.
Analysts have provided yearly estimates in a range of $1.76152 being high and $1.69264 being low. For ABR, this leads to a yearly average estimate of $1.732. The surprise factor in the prior quarter was $0.41. Based on analyst estimates, the high estimate for the next quarter is $0.43 and the low estimate is $0.25. The average estimate for the next quarter is thus $0.37.
