Arbor Realty Trust (NYSE:ABR) Reaches New 12-Month Low Following Weak Earnings

Arbor Realty Trust, Inc. (NYSE:ABR)’s stock price reached a new 52-week low on Saturday after the company announced weaker than expected quarterly earnings. The company traded as low as $11.87 and last traded at $12.00, with a volume of 26632885 shares traded. The stock had previously closed at $13.84.

The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $262.87 million for the quarter, compared to analysts’ expectations of $88.92 million. Arbor Realty Trust had a return on equity of 14.94% and a net margin of 23.99%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Director William C. Green bought 5,269 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the acquisition, the director now directly owns 178,797 shares of the company’s stock, valued at $2,533,553.49. The trade was a 3.04 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Several institutional investors have recently made changes to their positions in the business. Dunhill Financial LLC acquired a new position in Arbor Realty Trust in the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC boosted its position in Arbor Realty Trust by 280.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,934 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in Arbor Realty Trust in the fourth quarter valued at about $36,000. Harbor Capital Advisors Inc. acquired a new position in Arbor Realty Trust in the third quarter valued at about $38,000. Finally, Glenmede Trust Co. NA raised its stake in shares of Arbor Realty Trust by 33.1% in the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 701 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Performance

The company has a market capitalization of $2.26 billion, a P/E ratio of 8.89 and a beta of 2.03. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. The stock’s 50 day simple moving average is $13.65 and its two-hundred day simple moving average is $14.21.

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.