Arbor Realty Trust (ABR) Scheduled to Post Earnings on Thursday
Arbor Realty Trust (NYSE:ABR) will release its earnings data before the market opens on Thursday, August 3rd. Analysts expect Arbor Realty Trust to post earnings of $0.19 per share for the quarter.
Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, May 5th. The real estate investment trust reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.11. The firm had revenue of $33.53 million for the quarter. Arbor Realty Trust had a net margin of 52.33% and a return on equity of 10.63%. On average, analysts expect Arbor Realty Trust to post $1.10 EPS for the current fiscal year and $0.78 EPS for the next fiscal year.
Shares of Arbor Realty Trust (NYSE ABR) opened at 8.24 on Thursday. The firm has a market capitalization of $505.52 million, a PE ratio of 7.42 and a beta of 0.69. Arbor Realty Trust has a 52 week low of $6.92 and a 52 week high of $8.99. The company has a 50-day moving average of $8.33 and a 200-day moving average of $8.06.
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ABR has been the topic of a number of research analyst reports. Zacks Investment Research raised Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a report on Tuesday, July 18th. BidaskClub lowered Arbor Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.75 target price on shares of Arbor Realty Trust in a report on Thursday, July 6th.
About Arbor Realty Trust
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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