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

Arbor Realty Trust, Inc. (NYSE:ABR) shares 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 analysts’ consensus estimates of $0.41 by ($0.02). The business had revenue of $262.87 million during 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ABR shares. Keefe, Bruyette & Woods cut 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. JPMorgan Chase & Co. cut their price target 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. Two 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. According to MarketBeat.com, Arbor Realty Trust has an average rating of “Hold” and an average price target of $14.00.

Insider Buying and Selling

In related news, Director William C. Green acquired 5,269 shares of Arbor Realty Trust 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 completion of the transaction, the director now owns 178,797 shares in the company, valued at $2,533,553.49. This represents 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 link. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arbor Realty Trust

Several large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC purchased a new stake in Arbor Realty Trust during the 4th quarter worth about $1,144,000. Nisa Investment Advisors LLC increased its holdings in Arbor Realty Trust by 29.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 105,373 shares of the real estate investment trust’s stock worth $1,459,000 after purchasing an additional 23,987 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Arbor Realty Trust by 52.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock worth $4,535,000 after purchasing an additional 100,055 shares during the period. Pathstone Holdings LLC increased its holdings in Arbor Realty Trust by 42.0% during the 3rd quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock worth $2,057,000 after purchasing an additional 39,072 shares during the period. Finally, EMC Capital Management increased its holdings in Arbor Realty Trust by 23,453.8% during the 4th quarter. EMC Capital Management now owns 18,843 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 18,763 shares during the period. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Trading Down 13.3 %

The company has a fifty day simple moving average of $13.65 and a two-hundred day simple moving average of $14.21. The company has a current ratio of 35.68, a quick ratio of 35.68 and a debt-to-equity ratio of 2.67. The company has a market cap of $2.26 billion, a PE ratio of 8.89 and a beta of 2.03.

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.