ARBOR RLTY TR I/SH (NYSE:ABR) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

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.

Several large investors have recently added to or reduced their stakes in the stock. Chicago Equity Partners LLC grew its position in ARBOR RLTY TR I/SH by 2.0% in the second quarter. Chicago Equity Partners LLC now owns 139,751 shares of the real estate investment trust’s stock valued at $1,694,000 after acquiring an additional 2,750 shares during the last quarter. Orinda Asset Management LLC grew its position in ARBOR RLTY TR I/SH by 160.3% in the second quarter. Orinda Asset Management LLC now owns 251,685 shares of the real estate investment trust’s stock valued at $3,050,000 after acquiring an additional 155,000 shares during the last quarter. Swiss National Bank grew its position in ARBOR RLTY TR I/SH by 1.5% in the second quarter. Swiss National Bank now owns 135,051 shares of the real estate investment trust’s stock valued at $1,637,000 after acquiring an additional 2,000 shares during the last quarter. Envestnet Asset Management Inc. grew its position in ARBOR RLTY TR I/SH by 62.7% in the second quarter. Envestnet Asset Management Inc. now owns 28,159 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 10,851 shares during the last quarter. Finally, First Trust Advisors LP grew its position in ARBOR RLTY TR I/SH by 573.3% in the second quarter. First Trust Advisors LP now owns 872,791 shares of the real estate investment trust’s stock valued at $10,578,000 after acquiring an additional 743,156 shares during the last quarter. 46.69% of the stock is owned by institutional investors and hedge funds.

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.

Read More: Asset Allocation Models, Which is Right For You?

Earnings History for ARBOR RLTY TR I/SH (NYSE:ABR)

Receive News & Ratings for ARBOR RLTY TR I/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARBOR RLTY TR I/SH and related companies with MarketBeat.com's FREE daily email newsletter.