Arbor Realty Trust Reports Quarterly Earnings Results

Arbor Realty Trust (NYSE:ABR) announced its quarterly earnings on Friday. The real estate investment trust disclosed earnings of $0.39 per share for the quarter, which was below analysts' expectations of $0.41, falling short by $0.02. The company maintained a net margin of 23.99% and reported a return on equity of 14.94%.

Arbor Realty Trust Stock Performance

During mid-day trading on Friday, shares of Arbor Realty Trust fell by 11.5%, decreasing by $1.59 to reach a price of $12.26. A total of 16,521,742 shares exchanged hands, which is significantly higher than its average trading volume of 2,671,384 shares. Currently, Arbor Realty Trust has a market capitalization of $2.31 billion and a price-to-earnings (P/E) ratio of 9.09, with a beta of 2.03. The fifty-day moving average stands at $13.69, while the two-hundred day moving average is at $14.21. The stock's performance over the past year has shown a low of $11.92 and a high of $15.94. It is worth noting the company's debt-to-equity ratio is at 2.67, with both the current and quick ratios equal to 35.68.

Insider Transactions

In recent insider transactions, Director William C. Green purchased 5,269 shares of Arbor Realty Trust on December 5th at an average price of $14.17 per share, totaling about $74,661.73. Following this purchase, Mr. Green now owns 178,797 shares of the company, which are valued at approximately $2.53 million, reflecting a 3.04% increase in his holdings. This transaction was disclosed in filings with the Securities and Exchange Commission, where it was revealed that corporate insiders currently hold 3.70% of Arbor Realty Trust's stock.

Analyst Ratings Update

Recent reports from analysts have shown various adjustments regarding Arbor Realty Trust's stock. Keefe, Bruyette & Woods reduced their price target from $14.25 to $13.50, assigning a 'market perform' rating. Similarly, JPMorgan Chase & Co. lowered their target from $13.50 to $12.50 with an 'underweight' rating. Currently, two equity research analysts have assigned a sell rating, two suggest a hold, and two recommend a buy. Data from MarketBeat.com indicates an average rating of 'Hold' with an average target price of $14.00 for Arbor Realty Trust.

Company Overview

Arbor Realty Trust, Inc. operates as a real estate investment trust specializing in structured finance assets across multifamily, single-family rental, and commercial real estate segments in the United States. The company is divided into two main business segments: Structured Business and Agency Business. Arbor primarily focuses on investments in bridge and mezzanine loans, junior participating interests in first mortgages, preferred and direct equity, along with real estate-related joint ventures, notes, and various mortgage-related securities.

Earnings, Stocks, Finance