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

Arbor Realty Trust (NYSE:ABR) announced its earnings results 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%.

Arbor Realty Trust Trading Down 11.0 %

Shares of ABR traded down $1.52 during trading hours on Friday, hitting $12.32. 17,077,466 shares of the stock traded hands, compared to its average volume of 2,682,926. The business has a fifty day moving average of $13.69 and a 200-day moving average of $14.21. The firm has a market capitalization of $2.32 billion, a PE ratio of 9.11 and a beta of 2.03. Arbor Realty Trust has a 1-year low of $11.92 and a 1-year high of $15.94. The company has a current ratio of 35.68, a quick ratio of 35.68 and a debt-to-equity ratio of 2.67.

Wall Street Analyst Weigh In

A number of equities analysts have 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 on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their price target on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.00.

Insider Buying and Selling

In other Arbor Realty Trust news, Director William C. Green acquired 5,269 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.70% of the company’s stock.

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.