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

Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) - Research analysts at Wedbush cut their Q3 2024 earnings per share (EPS) estimates for shares of Arbor Realty Trust in a research note issued on Thursday, October 10th. Wedbush analyst J. Mccanless now forecasts that the real estate investment trust will earn $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.

Other equities analysts have also recently issued reports about the company. Keefe, Bruyette & Woods lifted their price target on Arbor Realty Trust from $13.25 to $14.00 and gave the company a "market perform" rating in a research report on Wednesday, July 10th. Raymond James lifted their target price on Arbor Realty Trust from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Thursday, September 19th. JPMorgan Chase & Co. lowered their price target on shares of Arbor Realty Trust from $12.00 to $11.50 and set an "underweight" rating on the stock in a report on Tuesday, July 16th. Piper Sandler boosted their price objective on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an "underweight" rating in a research note on Monday, August 5th. Finally, JMP Securities increased their target price on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the stock a "market outperform" rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Arbor Realty Trust presently has an average rating of "Hold" and a consensus target price of $13.92.

Arbor Realty Trust Stock Performance

Arbor Realty Trust stock traded up $0.19 during mid-day trading on Monday, reaching $15.25. The company's stock had a trading volume of 1,856,665 shares, compared to its average volume of 4,009,632. The firm's fifty day moving average price is $14.13 and its two-hundred day moving average price is $13.73. 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 12-month low of $11.77 and a 12-month high of $16.35. The company has a market capitalization of $2.87 billion, a P/E ratio of 9.35 and a beta of 2.06.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $297.19 million during the quarter, compared to analyst estimates 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 last year, the business earned $0.56 earnings per share.

Institutional Trading of Arbor Realty Trust

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position 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 purchasing an additional 235,364 shares in the last quarter. Wasatch Advisors LP grew its position in Arbor Realty Trust by 16.2% during the first quarter. Wasatch Advisors LP now owns 3,490,211 shares of the real estate investment trust's stock valued at $46,245,000 after acquiring an additional 485,422 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Arbor Realty Trust by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 1,421,552 shares of the real estate investment trust's stock worth $20,399,000 after acquiring an additional 43,165 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Arbor Realty Trust by 6.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,337,689 shares of the real estate investment trust's stock worth $17,724,000 after acquiring an additional 78,154 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Arbor Realty Trust by 10.2% in the 2nd quarter. Van ECK Associates Corp now owns 990,484 shares of the real estate investment trust's stock valued at $14,213,000 after purchasing an additional 91,970 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.28%. The ex-dividend date of this dividend was Friday, August 16th. Arbor Realty Trust's payout ratio is 106.83%.

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.