ARBOR RLTY TR I/SH (NYSE:ABR) issued its quarterly earnings results on Friday. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04, Bloomberg Earnings reports. The company had revenue of $82.17 million during the quarter, compared to analysts’ expectations of $73.10 million. ARBOR RLTY TR I/SH had a net margin of 46.30% and a return on equity of 13.61%.
Shares of NYSE:ABR traded up $0.53 during midday trading on Friday, hitting $12.78. The stock had a trading volume of 2,374,300 shares, compared to its average volume of 814,522. ARBOR RLTY TR I/SH has a 12 month low of $9.62 and a 12 month high of $13.94. The company has a current ratio of 13.17, a quick ratio of 13.17 and a debt-to-equity ratio of 2.04. The business has a 50-day moving average of $12.24. The firm has a market capitalization of $1.22 billion, a P/E ratio of 10.56 and a beta of 0.62.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating in a research note on Tuesday. TheStreet cut shares of ARBOR RLTY TR I/SH from a “b-” rating to a “c+” rating in a research note on Friday, May 17th. BTIG Research set a $14.00 price target on shares of ARBOR RLTY TR I/SH and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, ValuEngine cut shares of ARBOR RLTY TR I/SH from a “hold” rating to a “sell” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. ARBOR RLTY TR I/SH presently has an average rating of “Hold” and an average price target of $12.71.
ARBOR RLTY TR I/SH Company Profile
Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The company operates in two segments, Structured Business and Agency Business. It primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.
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