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

Arbor Realty Trust (NYSE:ABR) issued its quarterly earnings data on Friday. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate 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%. The business had revenue of $262.87 million for the quarter, compared to analyst estimates of $88.92 million.

Arbor Realty Trust Stock Down 13.3 %

Arbor Realty Trust stock opened at $12.00 on Friday. The firm has a 50 day moving average price of $13.65 and a 200-day moving average price of $14.20. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. Arbor Realty Trust has a twelve month low of $11.87 and a twelve month high of $15.94. The company has a market capitalization of $2.26 billion, a P/E ratio of 8.89 and a beta of 2.03.

Insider Buying and Selling at Arbor Realty Trust

In other news, Director William C. Green acquired 5,269 shares of the stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of $14.17 per share, with a total value of $74,661.73. Following the completion of the purchase, the director now owns 178,797 shares in the company, valued at approximately $2,533,553.49. The trade was a 3.04 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

ABR has been the topic of several recent research reports. JPMorgan Chase & Co. dropped 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 price target on 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 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. Based on data from MarketBeat, the company currently has an average 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.