Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Arbor Realty Trust (ABR) Stock Price
News headlines about Arbor Realty Trust (NYSE:ABR) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Arbor Realty Trust earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.2736624282425 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Arbor Realty Trust (NYSE ABR) traded down 0.47% during trading on Friday, reaching $8.41. 162,957 shares of the company traded hands. The company has a 50 day moving average price of $8.08 and a 200 day moving average price of $8.27. Arbor Realty Trust has a 12-month low of $6.92 and a 12-month high of $8.99. The firm has a market capitalization of $515.95 million, a price-to-earnings ratio of 7.70 and a beta of 0.66.
Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, August 4th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. Arbor Realty Trust had a net margin of 54.47% and a return on equity of 10.47%. The firm had revenue of $34.47 million for the quarter. On average, equities analysts predict that Arbor Realty Trust will post $0.88 EPS for the current year.
Several brokerages have weighed in on ABR. Zacks Investment Research cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.75 price objective on shares of Arbor Realty Trust in a research note on Thursday, July 6th. Finally, BidaskClub lowered shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th.
In related news, Director William B. Helmreich sold 28,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $8.03, for a total transaction of $224,840.00. Following the transaction, the director now owns 178,735 shares in the company, valued at approximately $1,435,242.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Melvin F. Lazar bought 6,785 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were bought at an average price of $8.04 per share, for a total transaction of $54,551.40. Following the transaction, the director now directly owns 169,615 shares in the company, valued at $1,363,704.60. The disclosure for this purchase can be found here. 16.50% of the stock is currently owned by insiders.
About Arbor Realty Trust
Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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