Arbor Realty Trust (ABR) Expected to Post Earnings of $0.18 Per Share
Wall Street analysts expect that Arbor Realty Trust (NYSE:ABR) will announce earnings per share (EPS) of $0.18 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Arbor Realty Trust’s earnings. Arbor Realty Trust reported earnings per share of $0.21 during the same quarter last year, which suggests a negative year-over-year growth rate of 14.3%. The business is expected to report its next quarterly earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Arbor Realty Trust will report full-year earnings of $0.92 per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $0.80 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Arbor Realty Trust.
Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, August 4th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $34.47 million during the quarter. Arbor Realty Trust had a return on equity of 10.47% and a net margin of 54.47%.
A number of equities analysts recently commented on ABR shares. Zacks Investment Research cut Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. BidaskClub lowered Arbor Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.75 price target on shares of Arbor Realty Trust in a research note on Thursday, July 6th.
In other Arbor Realty Trust news, Director William B. Helmreich sold 28,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $8.03, for a total value of $224,840.00. Following the completion of the sale, the director now owns 178,735 shares in the company, valued at approximately $1,435,242.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Melvin F. Lazar purchased 6,785 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was acquired at an average price of $8.04 per share, with a total value of $54,551.40. Following the purchase, the director now directly owns 169,615 shares in the company, valued at approximately $1,363,704.60. The disclosure for this purchase can be found here. Corporate insiders own 16.50% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Arbor Realty Trust by 4.4% during the first quarter. Vanguard Group Inc. now owns 1,782,851 shares of the real estate investment trust’s stock valued at $14,941,000 after purchasing an additional 75,099 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Arbor Realty Trust during the second quarter valued at about $597,000. LSV Asset Management grew its position in shares of Arbor Realty Trust by 503.0% during the second quarter. LSV Asset Management now owns 208,000 shares of the real estate investment trust’s stock valued at $1,734,000 after purchasing an additional 173,508 shares in the last quarter. UBS Group AG grew its position in shares of Arbor Realty Trust by 10.7% during the first quarter. UBS Group AG now owns 39,570 shares of the real estate investment trust’s stock valued at $332,000 after purchasing an additional 3,834 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in shares of Arbor Realty Trust during the second quarter valued at about $2,515,000. Hedge funds and other institutional investors own 47.79% of the company’s stock.
Shares of Arbor Realty Trust (NYSE ABR) traded down 0.36% during trading on Friday, hitting $8.39. The stock had a trading volume of 237,904 shares. The firm has a market capitalization of $514.72 million, a P/E ratio of 7.68 and a beta of 0.66. Arbor Realty Trust has a 1-year low of $6.92 and a 1-year high of $8.99. The stock’s 50-day moving average price is $8.19 and its 200 day moving average price is $8.29.
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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