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

Shares of Arbor Realty Trust, Inc. (NYSE:ABR) were down 9.3% during mid-day trading on Friday following a weaker than expected earnings announcement. The company traded as low as $13.94 and last traded at $12.55. Approximately 1,701,634 shares changed hands 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 for the quarter, missing the consensus estimate 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 Analyst Weigh In

Several research analysts have weighed in on ABR shares. Keefe, Bruyette & Woods lowered their target price on shares of 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. JPMorgan Chase & Co. lowered 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 equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.00.

Insider Activity at Arbor Realty Trust

In related news, Director William C. Green acquired 5,269 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were 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 in the company, 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 legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of Arbor Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GTS Securities LLC raised its holdings in Arbor Realty Trust by 126.4% during the fourth quarter. GTS Securities LLC now owns 12,827 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 61,427 shares in the last quarter. Novem Group acquired a new stake in Arbor Realty Trust during the fourth quarter worth approximately $239,000. PharVision Advisers LLC acquired a new stake in Arbor Realty Trust during the fourth quarter worth approximately $207,000. Voloridge Investment Management LLC increased its holdings in shares of Arbor Realty Trust by 4.4% in the 4th quarter. Voloridge Investment Management LLC now owns 629,298 shares of the real estate investment trust’s stock valued at $8,716,000 after acquiring an additional 26,383 shares during the period. Finally, State of Wyoming acquired a new position in shares of Arbor Realty Trust in the 4th quarter valued at $97,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Stock Down 13.3 %

The business’s fifty day moving average price is $13.65 and its 200 day moving average price is $14.20. The firm has a market capitalization of $2.26 billion, a price-to-earnings 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.

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.