Arbor Realty Trust, Inc. Forecasted to Earn Q3 2024 Earnings of $0.38 Per Share (NYSE:ABR)

Arbor Realty Trust, Inc. (NYSE:ABR) – Equities research analysts at Wedbush dropped their Q3 2024 EPS estimates for shares of Arbor Realty Trust in a report issued on Thursday, October 10th. Wedbush analyst J. Mccanless now forecasts that the real estate investment trust will post earnings of $0.38 per share for the quarter, down from their prior forecast of $0.40. The consensus estimate for Arbor Realty Trust’s current full-year earnings is $1.70 per share. Wedbush also issued estimates for Arbor Realty Trust’s Q4 2024 earnings at $0.39 EPS, FY2024 earnings at $1.65 EPS, Q1 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.44 EPS and FY2025 earnings at $1.64 EPS.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $297.19 million during the quarter, compared to analysts’ expectations of $300.69 million. Arbor Realty Trust had a net margin of 24.59% and a return on equity of 15.75%. During the same quarter in the previous year, the company earned $0.56 EPS.

A number of other brokerages have also weighed in on ABR. JMP Securities boosted their price objective on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, September 27th. JPMorgan Chase & Co. lowered their price objective on shares of Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating for the company in a report on Tuesday, July 16th. Keefe, Bruyette & Woods upped their price target on shares of Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, July 10th. Raymond James upped their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Finally, Piper Sandler upped their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.92.

Arbor Realty Trust Trading Down 2.0 %

Shares of ABR opened at $15.05 on Monday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 9.35 and a beta of 2.06. The company has a debt-to-equity ratio of 2.78, a quick ratio of 37.31 and a current ratio of 37.31. Arbor Realty Trust has a fifty-two week low of $11.77 and a fifty-two week high of $16.35. The firm has a 50 day moving average price of $14.13 and a 200-day moving average price of $13.73.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ABR. Wasatch Advisors LP increased its position in Arbor Realty Trust by 16.2% during the 1st quarter. Wasatch Advisors LP now owns 3,490,211 shares of the real estate investment trust’s stock valued at $46,245,000 after purchasing an additional 485,422 shares during the period. Certuity LLC purchased a new stake in shares of Arbor Realty Trust in the 2nd quarter worth about $4,305,000. Vanguard Group Inc. grew its position in shares of Arbor Realty Trust by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock worth $286,612,000 after buying an additional 235,364 shares during the period. TrueMark Investments LLC purchased a new stake in shares of Arbor Realty Trust in the 2nd quarter worth about $2,893,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of Arbor Realty Trust in the 1st quarter worth about $2,520,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 11.43%. The ex-dividend date was Friday, August 16th. Arbor Realty Trust’s payout ratio is currently 106.83%.

Arbor Realty Trust Company Profile

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.