Analysts predict that Arbor Realty Trust, Inc. (NYSE:ABR – Get Rating) will report sales of $183.38 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Arbor Realty Trust’s earnings, with the lowest sales estimate coming in at $177.80 million and the highest estimate coming in at $188.95 million. Arbor Realty Trust reported sales of $105.15 million during the same quarter last year, which indicates a positive year over year growth rate of 74.4%. The firm is scheduled to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Arbor Realty Trust will report full-year sales of $773.65 million for the current year, with estimates ranging from $730.50 million to $816.79 million. For the next year, analysts forecast that the business will post sales of $1.00 billion, with estimates ranging from $877.30 million to $1.13 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Arbor Realty Trust.
Arbor Realty Trust (NYSE:ABR – Get Rating) last announced its quarterly earnings results on Friday, May 6th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.15. The firm had revenue of $84.14 million for the quarter, compared to analysts’ expectations of $83.84 million. Arbor Realty Trust had a net margin of 62.97% and a return on equity of 17.19%. The company’s revenue was up 71.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Shares of ABR stock traded up $0.24 on Friday, hitting $16.85. 3,158,930 shares of the stock traded hands, compared to its average volume of 1,900,069. The firm’s 50-day moving average price is $17.22 and its two-hundred day moving average price is $17.79. The company has a debt-to-equity ratio of 3.99, a quick ratio of 38.20 and a current ratio of 41.40. The stock has a market capitalization of $2.70 billion, a PE ratio of 7.91 and a beta of 1.71. Arbor Realty Trust has a twelve month low of $16.11 and a twelve month high of $20.74.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, May 20th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, May 19th. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a yield of 9.02%. Arbor Realty Trust’s dividend payout ratio is 69.48%.
In other Arbor Realty Trust news, Director Melvin F. Lazar purchased 2,500 shares of the business’s stock in a transaction on Thursday, May 12th. The shares were bought at an average cost of $16.39 per share, for a total transaction of $40,975.00. Following the completion of the purchase, the director now directly owns 227,500 shares of the company’s stock, valued at $3,728,725. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.30% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in shares of Arbor Realty Trust by 40.5% during the third quarter. Barclays PLC now owns 93,649 shares of the real estate investment trust’s stock worth $1,736,000 after buying an additional 26,999 shares during the period. Newbridge Financial Services Group Inc. increased its stake in shares of Arbor Realty Trust by 12.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 27,642 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 3,162 shares during the period. Spire Wealth Management increased its stake in shares of Arbor Realty Trust by 8.7% during the fourth quarter. Spire Wealth Management now owns 68,240 shares of the real estate investment trust’s stock worth $1,250,000 after buying an additional 5,472 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Arbor Realty Trust by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 152,643 shares of the real estate investment trust’s stock worth $2,796,000 after buying an additional 1,069 shares during the period. Finally, Advisor Group Holdings Inc. increased its stake in shares of Arbor Realty Trust by 18.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 795,068 shares of the real estate investment trust’s stock worth $14,567,000 after buying an additional 124,785 shares during the period. Hedge funds and other institutional investors own 37.93% of the company’s stock.
About Arbor Realty Trust (Get Rating)
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 in two segments, Structured Business and Agency Business. 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.
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