Arbor Realty Trust (NYSE:ABR) Announces Quarterly Earnings Results

Arbor Realty Trust (NYSE:ABR) posted its earnings results on Friday. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02), Zacks reports. The firm had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. Arbor Realty Trust had a net margin of 23.99% and a return on equity of 14.94%.

Arbor Realty Trust Stock Performance

ABR opened at $12.00 on Friday. The company has a market cap of $2.26 billion, a PE ratio of 8.89 and a beta of 2.03. The stock has a 50-day moving average of $13.65 and a 200-day moving average of $14.20. Arbor Realty Trust has a 52-week low of $11.87 and a 52-week high of $15.94. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68.

Insider Activity at Arbor Realty Trust

In related news, Director William C. Green bought 5,269 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $14.17 per share, with a total value of $74,661.73. Following the acquisition, the director now owns 178,797 shares in the company, valued at approximately $2,533,553.49. This represents a 3.04 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their price target on Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.00.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates through Structured Business and Agency Business segments. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities.