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

Arbor Realty Trust, Inc. (NYSE:ABR)’s stock price fell 9.3% on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $13.94 and last traded at $12.55. 1,701,634 shares traded hands during trading, a decline of 24% from the average session 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 for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). 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 brokerages have commented on ABR. Keefe, Bruyette & Woods lowered their price target on Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price objective on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.00.

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, Director William C. Green bought 5,269 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the transaction, the director now directly owns 178,797 shares of the company’s stock, valued at approximately $2,533,553.49. The trade was a 3.04 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Several institutional investors have recently bought and sold shares of the business. Creative Planning grew its stake 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 valued at $610,000 after acquiring an additional 4,184 shares during the period. Raymond James & Associates boosted its stake in shares of Arbor Realty Trust by 5.7% in the third quarter. Raymond James & Associates now owns 478,026 shares of the real estate investment trust’s stock worth $7,438,000 after acquiring an additional 25,975 shares during the last quarter. OLD National Bancorp IN purchased a new stake in shares of Arbor Realty Trust during the third quarter worth approximately $164,000. International Assets Investment Management LLC purchased a new stake in shares of Arbor Realty Trust during the third quarter worth approximately $5,150,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake 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 valued at $2,373,000 after purchasing an additional 6,426 shares during the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Down 8.6 %

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 fifty day simple moving average of $13.69 and a two-hundred day simple moving average of $14.21. The company has a market cap of $2.39 billion, a PE ratio of 9.48 and a beta of 2.03.

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.