Arbor Realty Trust (NYSE:ABR) Trading Down 9.3% After Earnings Miss

Arbor Realty Trust, Inc. (NYSE:ABR)’s share price dropped 9.3% on Friday following a weaker than expected earnings announcement. The stock traded as low as $13.94 and last traded at $12.55. Approximately 1,701,634 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 2,237,816 shares. The stock had previously closed at $13.84.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on ABR shares. JPMorgan Chase & Co. cut their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price objective on Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Arbor Realty Trust presently has an average rating of “Hold” and an average price target of $14.00.

Insider Transactions at Arbor Realty Trust

In related news, Director William C. Green purchased 5,269 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the transaction, the director now owns 178,797 shares of the company’s stock, valued at $2,533,553.49. This trade 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 hyperlink. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Arbor Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABR. Creative Planning grew its holdings in Arbor Realty Trust by 12.0% in the 3rd quarter. Creative Planning now owns 39,179 shares of the real estate investment trust’s stock worth $610,000 after buying an additional 4,184 shares in the last quarter. Raymond James & Associates grew its holdings in Arbor Realty Trust by 5.7% in the 3rd quarter. Raymond James & Associates now owns 478,026 shares of the real estate investment trust’s stock worth $7,438,000 after buying an additional 25,975 shares in the last quarter. International Assets Investment Management LLC bought a new position in Arbor Realty Trust in the 3rd quarter worth approximately $5,150,000. Hennion & Walsh Asset Management Inc. grew its holdings in Arbor Realty Trust by 4.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 152,487 shares of the real estate investment trust’s stock worth $2,373,000 after buying an additional 6,426 shares in the last quarter. Finally, PFG Investments LLC grew its holdings in Arbor Realty Trust by 3.3% in the 3rd quarter. PFG Investments LLC now owns 225,690 shares of the real estate investment trust’s stock worth $3,512,000 after buying an additional 7,281 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Price Performance

The firm has a market capitalization of $2.26 billion, a P/E ratio of 8.89 and a beta of 2.03. The business has a fifty day moving average of $13.65 and a 200-day moving average of $14.20. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68.

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.