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Fly News Breaks for January 29, 2020
Jan 29, 2020 | 07:53 EDT
JPMorgan analyst Richard Shane upgraded Arbor Realty Trust to Neutral from Underweight with a price target of $14.50, up from $13. To reflect positive trends, the analyst adjusted his valuation metrics modestly higher for most mortgage real estate investment trust in his coverage. After examining dividend coverage and historical and estimated total returns across the space based on book value changes plus dividend payments, he upgraded shares of Arbor Realty to Neutral.
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