Arbor Realty Trust (NYSE:ABR) Reaches New 12-Month Low on Disappointing Earnings

Arbor Realty Trust, Inc. (NYSE:ABR)’s stock price hit a new 52-week low during trading on Saturday following a dissappointing earnings announcement. The stock traded as low as $11.87 and last traded at $12.00, with a volume of 26632885 shares traded. The stock had previously closed at $13.84.

The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $262.87 million for the quarter, compared to analyst estimates of $88.92 million. Arbor Realty Trust had a return on equity of 14.94% and a net margin of 23.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ABR shares. JPMorgan Chase & Co. reduced their price target on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their target price on Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Insider Transactions at Arbor Realty Trust

In other news, Director William C. Green bought 5,269 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $14.17 per share, with a total value of $74,661.73. Following the completion of the acquisition, the director now owns 178,797 shares of the company’s stock, valued at $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

Hedge funds have recently bought and sold shares of the business. Dunhill Financial LLC acquired a new position in shares of Arbor Realty Trust during the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC boosted its stake in shares of Arbor Realty Trust by 280.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,934 shares during the period. Bernard Wealth Management Corp. acquired a new stake in Arbor Realty Trust during the fourth quarter worth approximately $36,000. Harbor Capital Advisors Inc. bought a new position in Arbor Realty Trust during the 3rd quarter worth $38,000. Finally, Glenmede Trust Co. NA raised its holdings in Arbor Realty Trust by 33.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 701 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Trading Down 13.3 %

The stock has a market capitalization of $2.26 billion, a P/E ratio of 8.89 and a beta of 2.03. The company has a current ratio of 35.68, a quick ratio of 35.68 and a debt-to-equity ratio of 2.67. The business has a 50-day moving average price of $13.65 and a two-hundred day moving average price of $14.20.

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.