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

Arbor Realty Trust (NYSE:ABR) will announce its earnings results before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $0.40 per share for the quarter.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $297.19 million during the quarter, compared to analysts’ expectations of $300.69 million. Arbor Realty Trust had a return on equity of 15.75% and a net margin of 24.59%. During the same period last year, the business earned $0.56 earnings per share. On average, analysts expect Arbor Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Arbor Realty Trust Stock Performance

ABR stock traded up $0.16 during trading on Monday, hitting $15.28. 89,809 shares of the company traded hands, compared to its average volume of 3,895,269. The company has a debt-to-equity ratio of 2.78, a current ratio of 37.31 and a quick ratio of 37.31. The company has a market cap of $2.88 billion, a PE ratio of 9.49 and a beta of 2.06. The stock’s 50-day simple moving average is $14.48 and its 200 day simple moving average is $13.89. Arbor Realty Trust has a 1 year low of $11.77 and a 1 year high of $16.35.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 11.26%. The ex-dividend date of this dividend was Friday, August 16th. Arbor Realty Trust’s payout ratio is 106.83%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ABR. JMP Securities upped their target price on Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a research note on Friday, September 27th. Piper Sandler boosted their price target on Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods upped their target price on Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, July 10th. Finally, Raymond James upped their target price on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $14.25.

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.