Arbor Realty Trust (ABR) to Release Earnings on Friday

Arbor Realty Trust (NYSE:ABR) is expected to be issuing its quarterly earnings data before the market opens on Friday, February 21st. Analysts expect the company to announce earnings of $0.41 per share and revenue of $86.28 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Arbor Realty Trust Price Performance

ABR stock opened at $13.62 on Friday. The firm has a 50 day moving average of $13.75 and a 200-day moving average of $14.19. The company has a current ratio of 35.68, a quick ratio of 35.68 and a debt-to-equity ratio of 2.67. Arbor Realty Trust has a 12 month low of $11.95 and a 12 month high of $15.94. The firm has a market capitalization of $2.57 billion, a P/E ratio of 10.09 and a beta of 2.03.

Wall Street Analysts Forecast Growth

ABR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of 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. cut 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 report on Tuesday, January 21st. 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.00.

Insiders Place Their Bets

In other news, Director William C. Green bought 5,269 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average cost of $14.17 per share, with a total value of $74,661.73. Following the completion of the purchase, the director now directly owns 178,797 shares in the company, valued at $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.70% of the company’s stock.

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.