In yesterday’s Wall Street session, Arbor Realty Trust Inc. (NYSE:ABR) shares traded at $13.02, up 0.31% from the previous session.
ABR stock price is now -2.19% away from the 50-day moving average and -6.97% away from the 200-day moving average. The market capitalization of the company currently stands at $2.45B.
With the price target maintained at $16, Piper Sandler recently Downgraded its rating from Overweight to Underweight for Arbor Realty Trust Inc. (NYSE: ABR). On July 24, 2023, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock increasing its target price from $11.50 to quote $13.50, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, Green William C, Director bought 10,209 shares of the company’s stock on Mar 18 ’24. The stock was bought for $132,026 at an average price of $12.93. Upon completion of the transaction, the Director now directly owns 162,809 shares in the company, valued at $2.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’23, COB, CEO and President KAUFMAN IVAN bought 10,000 shares of the business’s stock. A total of $120,500 was incurred on buying the stock at an average price of $12.05. This leaves the insider owning 1,108,412 shares of the company worth $14.43 million. A total of 9.16% of the company’s stock is owned by insiders.
During the past 12 months, Arbor Realty Trust Inc. has had a low of $9.22 and a high of $16.74. The fifty day moving average price for ABR is $13.28 and a two-hundred day moving average price translates $14.35 for the stock.
The latest earnings results from Arbor Realty Trust Inc. (NYSE: ABR) was released for Dec, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.51, beating analysts’ expectations of $0.44 by 0.07. This compares to $0.50 EPS in the same period last year. The net profit margin was 20.41% and return on equity was 12.27% for ABR. The company reported revenue of $416.37 million for the quarter, compared to $404.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.93 percent. For the current quarter, analysts expect ABR to generate $90.83M in revenue.
