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

Arbor Realty Trust (NYSE:ABR) will issue 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 Price 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 firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 7.29 and a beta of 1.97. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 3.21. The firm has a fifty day moving average of $12.86 and a 200-day moving average of $13.44.

Arbor Realty Trust Dividend Announcement

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

Insider Activity

In related news, Director William C. Green acquired 10,209 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $12.93 per share, for a total transaction of $132,002.37. Following the acquisition, the director now directly owns 162,809 shares of the company’s stock, valued at $2,105,120.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ABR has been the subject of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a report on Wednesday, April 10th. Wedbush reaffirmed a “neutral” rating and issued a $13.00 target price (down from $17.00) on shares of Arbor Realty Trust in a research note on Thursday, April 11th. JMP Securities reduced their target price on shares of Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating for the company in a research note on Thursday, February 1st. TheStreet raised shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a research note on Monday, March 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.