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

Arbor Realty Trust (NYSE:ABR – Get Rating) announced its earnings results on Friday. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.15, MarketWatch Earnings reports. Arbor Realty Trust had a net margin of 72.39% and a return on equity of 17.67%. The company had revenue of $84.14 million for the quarter, compared to the consensus estimate of $83.84 million. During the same period in the previous year, the business earned $0.50 EPS. The company’s revenue was up 71.9% on a year-over-year basis.

NYSE ABR opened at $17.35 on Friday. Arbor Realty Trust has a 1-year low of $16.11 and a 1-year high of $20.74. The company has a current ratio of 38.20, a quick ratio of 38.20 and a debt-to-equity ratio of 3.67. The company has a market capitalization of $2.78 billion, a PE ratio of 7.61 and a beta of 1.71. The firm’s fifty day simple moving average is $17.32 and its 200-day simple moving average is $17.91.

The business also recently declared a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Friday, March 4th were paid a $0.37 dividend. The ex-dividend date was Thursday, March 3rd. This is an increase from Arbor Realty Trust’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.53%. Arbor Realty Trust’s dividend payout ratio is 64.91%.

In other Arbor Realty Trust news, Director William C. Green acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The stock was purchased at an average cost of $17.47 per share, for a total transaction of $43,675.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William C. Green acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 7th. The stock was acquired at an average price of $24.20 per share, with a total value of $96,800.00. The disclosure for this purchase can be found here. Corporate insiders own 5.30% of the company’s stock.

A number of large investors have recently modified their holdings of ABR. Public Employees Retirement System of Ohio boosted its holdings in Arbor Realty Trust by 41.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,102 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 912 shares during the period. NEXT Financial Group Inc boosted its holdings in Arbor Realty Trust by 15.8% during the fourth quarter. NEXT Financial Group Inc now owns 5,569 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 761 shares during the period. SG3 Management LLC bought a new stake in Arbor Realty Trust during the fourth quarter valued at about $128,000. Janus Henderson Group PLC bought a new stake in Arbor Realty Trust during the third quarter valued at about $221,000. Finally, Penserra Capital Management LLC boosted its holdings in Arbor Realty Trust by 162.0% during the fourth quarter. Penserra Capital Management LLC now owns 12,314 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 7,614 shares during the period. Hedge funds and other institutional investors own 37.93% of the company’s stock.

Several analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Arbor Realty Trust in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Finally, Piper Sandler started coverage on shares of Arbor Realty Trust in a research note on Monday, April 25th. They set an “overweight” rating and a $20.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Arbor Realty Trust currently has an average rating of “Buy” and a consensus price target of $21.50.

About Arbor Realty Trust (Get Rating)

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 in two segments, Structured Business and Agency Business. 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.

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