Arbor Realty Trust (NYSE:ABR) Announces Earnings Results, Misses Estimates By $0.02 EPS

Arbor Realty Trust (NYSE:ABR) released its quarterly earnings results on Friday. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02), Zacks reports. Arbor Realty Trust had a return on equity of 14.94% and a net margin of 23.99%.

Arbor Realty Trust Trading Down 11.5 %

Shares of ABR traded down $1.59 during midday trading on Friday, reaching $12.26. The company had a trading volume of 16,521,742 shares, compared to its average volume of 2,671,384. The firm has a 50 day simple moving average of $13.69 and a 200-day simple moving average of $14.21. Arbor Realty Trust has a 1-year low of $11.92 and a 1-year high of $15.94. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. The stock has a market cap of $2.31 billion, a PE ratio of 9.09 and a beta of 2.03.

Insider Activity

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was bought at an average price of $14.17 per share, with a total value of $74,661.73. Following the transaction, the director now directly owns 178,797 shares of the company’s stock, valued at approximately $2,533,553.49. This represents a 3.04 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented 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 for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their target price on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Arbor Realty Trust currently has a consensus rating of “Hold” and a consensus price target 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.