ARBOR RLTY TR I/SH (NYSE:ABR) announced its earnings results on Friday. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05, Briefing.com reports. ARBOR RLTY TR I/SH had a return on equity of 13.03% and a net margin of 44.18%. During the same quarter last year, the company earned $0.29 EPS.
ARBOR RLTY TR I/SH stock traded down $0.31 during mid-day trading on Friday, reaching $14.78. 1,592,400 shares of the company were exchanged, compared to its average volume of 953,435. The company has a fifty day simple moving average of $14.68 and a 200-day simple moving average of $13.81. ARBOR RLTY TR I/SH has a 12 month low of $11.75 and a 12 month high of $15.77. The company has a debt-to-equity ratio of 2.07, a current ratio of 15.03 and a quick ratio of 15.03. The firm has a market cap of $1.61 billion, a PE ratio of 10.63 and a beta of 0.63.
A number of brokerages have recently weighed in on ABR. JPMorgan Chase & Co. upgraded ARBOR RLTY TR I/SH from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $13.00 to $14.50 in a research note on Wednesday, January 29th. ValuEngine lowered ARBOR RLTY TR I/SH from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, Zacks Investment Research lowered ARBOR RLTY TR I/SH from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $13.75.
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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