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

Arbor Realty Trust (NYSE:ABR) posted its quarterly earnings data on Friday. The real estate investment trust reported $0.39 earnings per share (EPS) 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 Stock Down 11.0 %

Shares of NYSE ABR traded down $1.52 during trading hours on Friday, hitting $12.32. The company had a trading volume of 17,077,466 shares, compared to its average volume of 2,682,926. 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 firm’s 50 day moving average is $13.69 and its 200-day moving average is $14.21. The stock has a market capitalization of $2.32 billion, a P/E ratio of 9.11 and a beta of 2.03.

Insider Buying and Selling

In other Arbor Realty Trust news, Director William C. Green bought 5,269 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were 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 of the company’s stock, valued at $2,533,553.49. The trade was a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ABR has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research report 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 report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.