May 26, 2022

Notable News to Watch: Arbor Realty Trust (NYSE:ABR)

Arbor Realty Trust (NYSE:ABR) spotted trading -25.05% off 52-week high price. On the other end, the stock has been noted 233.90% away from the low price over the last 52-weeks. The stock changed 1.55% to recent value of $11.82. The stock transacted 1820474 shares during most recent day however it has an average volume of 1.26M shares. The company has 110.75M of outstanding shares and 108.00M shares were floated in the market.

On Oct. 30, 2020, Arbor Realty Trust (NYSE:ABR) declared financial results for the third quarter ended September 30, 2020. Arbor reported net income for the quarter of $82.0 million, or $0.72 per diluted common share, compared to net income of $34.0 million, or $0.35 per diluted common share for the quarter ended September 30, 2019. Core earnings for the quarter was $67.1 million, or $0.50 per diluted common share, compared to $43.1 million, or $0.37 per diluted common share for the quarter ended September 30, 2019.1

These outstanding third quarter results reflect the successful execution of our business strategy and the versatile operating platform we have developed. Arbor continues to be very well positioned to succeed in the current economic climate. Our business model gives us diversified opportunities for growth and has allowed us to outperform in the commercial mortgage REIT space, said Ivan Kaufman, founder, chairman and CEO of Arbor Realty Trust.

Our continued momentum and excellent results have once again allowed us to increase our dividend to 32 cents a share – our second consecutive quarterly dividend increase. It is a true testament to the value of our franchise and the many diverse income streams we have created that we are able to succeed in any market cycle.

Its earnings per share (EPS) expected to touch remained -14.30% for this year while earning per share for the next 5-years is expected to reach at 8.00%. ABR has a gross margin of 64.50% and an operating margin of 8.50% while its profit margin remained 7.40% for the last 12 months.

The price moved ahead of 1.39% from the mean of 20 days, 2.13% from mean of 50 days SMA and performed 17.30% from mean of 200 days price. Company’s performance for the week was -0.59%, 0.85% for month and YTD performance remained -17.63%.

Shawn Harris is a Master’s in Business Administration by education. After completing his post-graduation, Shawn jumped the journalism bandwagon as a freelance journalist. Soon after that he landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor. As an avid day trader, Shawn is a master of technical analysis and writes tirelessly on how stocks are trading. He has extensive knowledge in technical analysis & news writing.