Arbor Realty Trust (ABR) Posts Earnings Results, Beats Expectations By $0.08 EPS
Arbor Realty Trust (NYSE:ABR) posted its quarterly earnings data on Friday. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08, Bloomberg Earnings reports. Arbor Realty Trust had a net margin of 54.47% and a return on equity of 10.47%.
Shares of Arbor Realty Trust (NYSE:ABR) traded up $0.34 during trading hours on Friday, reaching $8.55. 728,846 shares of the company were exchanged, compared to its average volume of 324,306. The company has a market cap of $506.14 million, a PE ratio of 8.51 and a beta of 0.61. The company has a debt-to-equity ratio of 1.66, a quick ratio of 11.62 and a current ratio of 11.62.
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In other news, Director Melvin F. Lazar bought 6,785 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was purchased at an average cost of $8.04 per share, with a total value of $54,551.40. Following the acquisition, the director now directly owns 169,615 shares in the company, valued at $1,363,704.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William B. Helmreich sold 28,000 shares of Arbor Realty Trust stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $8.03, for a total transaction of $224,840.00. Following the transaction, the director now directly owns 178,735 shares of the company’s stock, valued at $1,435,242.05. The disclosure for this sale can be found here. 16.50% of the stock is owned by insiders.
A hedge fund recently raised its stake in Arbor Realty Trust stock. State Street Corp increased its stake in Arbor Realty Trust (NYSE:ABR) by 67.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,800 shares of the real estate investment trust’s stock after acquiring an additional 16,800 shares during the quarter. State Street Corp owned approximately 0.07% of Arbor Realty Trust worth $349,000 at the end of the most recent reporting period. Institutional investors own 47.89% of the company’s stock.
ABR has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. BidaskClub downgraded shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.75 target price on shares of Arbor Realty Trust in a research 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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