Arbor Realty Trust (NYSE:ABR) Hits New 1-Year Low on Disappointing Earnings

Arbor Realty Trust, Inc. (NYSE:ABR) reached a new 52-week low during mid-day trading on Saturday following a weaker than expected earnings announcement. The company 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 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). Arbor Realty Trust had a net margin of 23.99% and a return on equity of 14.94%.

Analyst Ratings Changes

ABR has been the subject of several recent analyst reports. 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 report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased 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 analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Arbor Realty Trust has a consensus rating of “Hold” and an average price target of $14.00.

Insider Activity

In other news, Director William C. Green acquired 5,269 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the acquisition, the director now directly owns 178,797 shares in the company, valued at $2,533,553.49. The trade was a 3.04 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Dunhill Financial LLC acquired a new position in Arbor Realty Trust during the fourth quarter worth $29,000. Harbor Capital Advisors Inc. bought a new position in Arbor Realty Trust in the 3rd quarter valued at about $38,000. Bernard Wealth Management Corp. bought a new position in Arbor Realty Trust in the 4th quarter valued at about $36,000. Smartleaf Asset Management LLC lifted its position in Arbor Realty Trust by 280.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 1,934 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position 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. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Stock Performance

The company has a market cap of $2.26 billion, a PE ratio of 8.89 and a beta of 2.03. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. The company has a 50-day moving average of $13.65 and a 200-day moving average of $14.20.

About Arbor Realty Trust

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.