Arbor Realty Trust (NYSE:ABR) Posts Quarterly 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 net margin of 23.99% and a return on equity of 14.94%.

Arbor Realty Trust Stock Performance

Shares of ABR stock opened at $12.00 on Friday. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 8.89 and a beta of 2.03. Arbor Realty Trust has a one year low of $11.87 and a one year high of $15.94. The company’s 50-day simple moving average is $13.65 and its 200-day simple moving average is $14.20. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68.

Insider Activity at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green acquired 5,269 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $14.17 per share, with a total value of $74,661.73. Following the completion of the acquisition, the director now directly owns 178,797 shares in the company, valued at $2,533,553.49. This trade represents a 3.04 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ABR. JPMorgan Chase & Co. lowered their target price 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 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 issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Arbor Realty Trust has a consensus rating of “Hold” and a consensus price target of $14.00.

About Arbor Realty Trust

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.