$0.19 Earnings Per Share Expected for Arbor Realty Trust Inc (ABR) This Quarter
Equities analysts forecast that Arbor Realty Trust Inc (NYSE:ABR) will post earnings of $0.19 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Arbor Realty Trust’s earnings. Arbor Realty Trust posted earnings of $0.23 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 17.4%. The company is scheduled to report its next earnings report on Friday, August 4th.
On average, analysts expect that Arbor Realty Trust will report full year earnings of $0.77 per share for the current year. For the next fiscal year, analysts forecast that the business will post earnings of $0.84 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Arbor Realty Trust.
Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, May 5th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.11. The firm had revenue of $33.53 million during the quarter. Arbor Realty Trust had a net margin of 31.49% and a return on equity of 6.76%.
A number of brokerages recently weighed in on ABR. Zacks Investment Research downgraded Arbor Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. JMP Securities raised their price objective on Arbor Realty Trust from $8.00 to $9.00 and gave the company an “outperform” rating in a research note on Monday, March 6th.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. LSV Asset Management bought a new position in shares of Arbor Realty Trust during the first quarter worth $289,000. Wells Fargo & Company MN increased its position in shares of Arbor Realty Trust by 0.5% in the first quarter. Wells Fargo & Company MN now owns 37,547 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 171 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Arbor Realty Trust by 17.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 205,000 shares of the real estate investment trust’s stock worth $1,718,000 after buying an additional 30,000 shares during the last quarter. Orinda Asset Management LLC increased its position in shares of Arbor Realty Trust by 34.8% in the first quarter. Orinda Asset Management LLC now owns 250,000 shares of the real estate investment trust’s stock worth $2,095,000 after buying an additional 64,598 shares during the last quarter. Finally, Clough Capital Partners L P bought a new position in shares of Arbor Realty Trust during the fourth quarter worth $162,000. 39.91% of the stock is currently owned by institutional investors and hedge funds.
Arbor Realty Trust (NYSE:ABR) traded down 0.12% during mid-day trading on Friday, reaching $8.19. 233,541 shares of the company were exchanged. The company has a market cap of $424.65 million, a P/E ratio of 7.35 and a beta of 0.58. The stock’s 50-day moving average is $8.47 and its 200-day moving average is $7.79. Arbor Realty Trust has a 12 month low of $6.62 and a 12 month high of $8.99.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.79%. This is an increase from Arbor Realty Trust’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, May 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 120.75%.
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Arbor Realty Trust Company Profile
Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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