In yesterday’s Wall Street session, Arbor Realty Trust Inc. (NYSE:ABR) shares traded at $13.36, up 3.65% from the previous session.
ABR stock price is now -3.77% away from the 50-day moving average and -1.12% away from the 200-day moving average. The market capitalization of the company currently stands at $2.52B.
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With the price target reduced from $17 to $13, Wedbush Downgraded its rating from Outperform to Neutral for Arbor Realty Trust Inc. (NYSE: ABR). On July 31, 2023, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $16, while ‘JP Morgan’ rates the stock as ‘Underweight’
In other news, Friedman David Erwin, CCO & Head of Non-Agcy Prod bought 5,275 shares of the company’s stock on Jun 11 ’24. The stock was bought for $70,526 at an average price of $13.37. Upon completion of the transaction, the CCO & Head of Non-Agcy Prod now directly owns 65,736 shares in the company, valued at $0.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, Director Green William C bought 10,209 shares of the business’s stock. A total of $132,026 was incurred on buying the stock at an average price of $12.93. This leaves the insider owning 162,809 shares of the company worth $2.18 million. A total of 3.83% of the company’s stock is owned by insiders.
During the past 12 months, Arbor Realty Trust Inc. has had a low of $11.76 and a high of $16.74. According to the stock market information, the enterprise value for the company is $13831256064, which is based on a 8.32 price-to-earnings ratio, a 1.04 price-to-earnings-growth ratio, and a beta of 1.99. The fifty day moving average price for ABR is $13.8828 and a two-hundred day moving average price translates $13.5894 for the stock.
The latest earnings results from Arbor Realty Trust Inc. (NYSE: ABR) was released for 2024-03-31. The net profit margin was 18.93% and return on equity was 11.27% for ABR. The company reported revenue of $378.33 million for the quarter, compared to $401.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.66 percent.
