Arbor Realty Trust, Inc. (NYSE:ABR) Expected to Earn Q1 2024 Earnings of $0.39 Per Share

Arbor Realty Trust, Inc. (NYSE:ABR) – Analysts at Wedbush cut their Q1 2024 EPS estimates for shares of Arbor Realty Trust in a research report issued on Thursday, April 11th. Wedbush analyst J. Mccanless now expects that the real estate investment trust will post earnings of $0.39 per share for the quarter, down from their prior forecast of $0.42. Wedbush currently has a “Neutral” rating and a $13.00 target price on the stock. The consensus estimate for Arbor Realty Trust’s current full-year earnings is $1.75 per share. Wedbush also issued estimates for Arbor Realty Trust’s Q2 2024 earnings at $0.45 EPS, Q3 2024 earnings at $0.46 EPS, Q4 2024 earnings at $0.45 EPS, FY2024 earnings at $1.73 EPS and FY2025 earnings at $1.78 EPS.

ABR has been the topic of a number of other research reports. TheStreet raised Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. Keefe, Bruyette & Woods lowered their target price on Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a research note on Wednesday. JMP Securities cut their price target on Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating for the company in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. decreased their price target on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.71.

Arbor Realty Trust Trading Down 1.8 %

NYSE ABR opened at $12.20 on Friday. The firm’s fifty day moving average is $12.90 and its two-hundred day moving average is $13.59. Arbor Realty Trust has a one year low of $10.10 and a one year high of $17.74. The company has a debt-to-equity ratio of 3.21, a quick ratio of 36.02 and a current ratio of 36.02. The firm has a market cap of $2.30 billion, a PE ratio of 6.93 and a beta of 1.97.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 14.10%. The ex-dividend date was Friday, March 1st. Arbor Realty Trust’s dividend payout ratio (DPR) is 97.73%.

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green bought 10,209 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was acquired at an average cost of $12.93 per share, with a total value of $132,002.37. Following the purchase, the director now owns 162,809 shares in the company, valued at approximately $2,105,120.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

A number of large investors have recently modified their holdings of ABR. AlphaCrest Capital Management LLC purchased a new position in shares of Arbor Realty Trust during the 1st quarter worth approximately $212,000. MetLife Investment Management LLC grew its holdings in shares of Arbor Realty Trust by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 76,796 shares of the real estate investment trust’s stock worth $1,310,000 after acquiring an additional 27,383 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of Arbor Realty Trust by 20.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 7,214 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 1,223 shares during the period. Cetera Investment Advisers grew its holdings in shares of Arbor Realty Trust by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 138,111 shares of the real estate investment trust’s stock worth $2,356,000 after acquiring an additional 14,771 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Arbor Realty Trust by 28.7% in the 1st quarter. Vanguard Group Inc. now owns 9,436,190 shares of the real estate investment trust’s stock worth $160,982,000 after acquiring an additional 2,103,266 shares during the period. 57.25% of the stock is owned by hedge funds and other institutional investors.

Arbor Realty Trust Company Profile

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 through Structured Business and Agency Business segments. 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.