Arbor Realty Trust, Inc. to Post Q1 2024 Earnings of $0.39 Per Share, Wedbush Forecasts (NYSE:ABR)

Arbor Realty Trust, Inc. (NYSE:ABR) – Equities research analysts at Wedbush lowered their Q1 2024 earnings per share estimates for Arbor Realty Trust in a research note issued to investors on Thursday, April 11th. Wedbush analyst J. Mccanless now anticipates that the real estate investment trust will earn $0.39 per share for the quarter, down from their prior forecast of $0.42. Wedbush currently has a “Neutral” rating and a $13.00 target price on the stock. The consensus estimate for Arbor Realty Trust’s current full-year earnings is $1.75 per share. Wedbush also issued estimates for Arbor Realty Trust’s Q2 2024 earnings at $0.45 EPS, Q3 2024 earnings at $0.46 EPS, Q4 2024 earnings at $0.45 EPS, FY2024 earnings at $1.73 EPS and FY2025 earnings at $1.78 EPS.

A number of other research firms have also issued reports on ABR. Keefe, Bruyette & Woods reduced their target price on Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a report on Wednesday. JMP Securities reduced their target price on Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating for the company in a report on Thursday, February 1st. Finally, TheStreet upgraded Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Arbor Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $14.71.

Arbor Realty Trust Price Performance

ABR opened at $12.20 on Friday. The stock has a fifty day moving average of $12.90 and a 200-day moving average of $13.59. The firm has a market capitalization of $2.30 billion, a P/E ratio of 6.93 and a beta of 1.97. Arbor Realty Trust has a 12-month low of $10.10 and a 12-month high of $17.74. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 3.21.

Hedge Funds Weigh In On Arbor Realty Trust

Several institutional investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. raised its holdings in Arbor Realty Trust by 70.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 34,225 shares of the real estate investment trust’s stock valued at $520,000 after buying an additional 14,167 shares in the last quarter. Quadrature Capital Ltd raised its holdings in Arbor Realty Trust by 254.7% during the fourth quarter. Quadrature Capital Ltd now owns 45,500 shares of the real estate investment trust’s stock valued at $690,000 after buying an additional 32,673 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Arbor Realty Trust by 16.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,131 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 1,010 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Arbor Realty Trust by 38.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 21,866 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 6,037 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Arbor Realty Trust by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock valued at $286,612,000 after buying an additional 235,364 shares in the last quarter. 57.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director William C. Green acquired 10,209 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of $12.93 per share, for a total transaction of $132,002.37. Following the completion of the acquisition, the director now owns 162,809 shares in the company, valued at $2,105,120.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is owned by corporate insiders.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, March 1st. This represents a $1.72 annualized dividend and a dividend yield of 14.10%. Arbor Realty Trust’s dividend payout ratio is 97.73%.

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.