Arbor Realty Trust (NYSE:ABR) Issues Earnings Results, Misses Estimates 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 analysts’ consensus estimates 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 Price Performance

Shares of ABR opened at $12.00 on Friday. Arbor Realty Trust has a one year low of $11.87 and a one year high of $15.94. The stock’s fifty day moving average is $13.65 and its 200-day 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. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 8.89 and a beta of 2.03.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.00.

Insider Buying and Selling

In related news, Director William C. Green purchased 5,269 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the transaction, the director now owns 178,797 shares of the company’s stock, valued at $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.70% of the company’s stock.

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.