Arbor Realty Trust (ABR) Set to Announce Quarterly Earnings on Friday

Arbor Realty Trust (NYSE:ABR) will be issuing its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Arbor Realty Trust Stock Performance

Shares of ABR stock opened at $12.83 on Wednesday. Arbor Realty Trust has a 12 month low of $10.70 and a 12 month high of $17.74. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 3.21. The stock has a market capitalization of $2.43 billion, a P/E ratio of 7.29 and a beta of 1.97. The firm’s 50 day moving average is $12.86 and its 200 day moving average is $13.44.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 13.41%. The ex-dividend date of this dividend was Friday, March 1st. Arbor Realty Trust’s dividend payout ratio is presently 97.73%.

Insiders Place Their Bets

In other news, Director William C. Green purchased 10,209 shares of the business’s stock in a transaction on Monday, March 18th. The shares were acquired at an average price of $12.93 per share, with a total value of $132,002.37. Following the acquisition, the director now directly owns 162,809 shares in the company, valued at $2,105,120.37. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

ABR has been the topic of several research reports. JMP Securities lowered their price objective on shares of Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 1st. JPMorgan Chase & Co. lowered their price objective on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 10th. Wedbush restated a “neutral” rating and set a $13.00 price objective (down previously from $17.00) on shares of Arbor Realty Trust in a research report on Thursday, April 11th. Keefe, Bruyette & Woods lowered their price objective on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. Finally, TheStreet upgraded shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $14.71.

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.