Arbor Realty Trust (NYSE:ABR) Issues Quarterly Earnings Results

Arbor Realty Trust (NYSE:ABR) released its quarterly earnings data on Friday. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Down 11.5 %

Shares of ABR stock traded down $1.59 during mid-day trading on Friday, hitting $12.26. 16,521,742 shares of the stock traded hands, compared to its average volume of 2,671,384. The stock has a market cap of $2.31 billion, a P/E ratio of 9.09 and a beta of 2.03. The stock’s fifty day moving average is $13.69 and its two-hundred day moving average is $14.21. Arbor Realty Trust has a 52-week low of $11.92 and a 52-week high of $15.94. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68.

Insider Activity at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the purchase, 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 can be accessed through this link. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on ABR shares. Keefe, Bruyette & Woods lowered 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. JPMorgan Chase & Co. lowered their price objective on shares of 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 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.com, Arbor Realty Trust presently has an average 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.