Deutsche Bank Starts Arbor Realty Trust (ABR) at Buy

Deutsche Bank initiates coverage on Arbor Realty Trust (NYSE: ABR) with a Buy. PT $7.50.

The firm comments, "We believe Arbor Realty is well positioned to benefit from improving market conditions for CRE debt investors given a large supply of potential investments and attractive financing options. As the portfolio grows through new investments and the company continues to manage legacy investments, we expect the discount to economic BV to decline. Our target of $7.50 per share is based on shares trading at 75% of economic BV. Given our 2013 outlook and the attractive valuation, we rate shares a Buy."

For an analyst ratings summary and ratings history on Arbor Realty Trust click here. For more ratings news on Arbor Realty Trust click here.

Shares of Arbor Realty Trust closed at $6.05 yesterday.

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