Arbor Realty Trust (ABR) is scheduled to report 2nd quarter earnings on 07/28/2023, before the market opens.
Regarding Q2 estimates, Wall Street analysts expect Arbor Realty Trust to post earnings of $0.47 per share. Revenue expectations are pegged at $171.26 million. Last quarter, Arbor Realty Trust beat earnings estimates, reporting EPS of $0.62 on estimates of $0.40. The stock rose by 7.77% the day after the last earnings release.
Year-to-date, ABR stock has risen by 29.35%.
Is Arbor Realty Trust Stock a Buy?
Wall Street’s consensus rating for ABR stock is a Moderate Buy, with an average analyst price target of $15.10, implying downside potential of -5.86% from current levels.
ABR shares have gained about 16.32% in the past six months.
About Arbor Realty Trust
Arbor Realty Trust, Inc. operates as real estate investment trust, which engages in the provision of loan origination and servicing for multifamily, seniors housing, healthcare, and diverse commercial real estate assets. It operates through the Structured Business and Agency Business segments. The Structured Business segment offers structured loan origination and investment services. The Agency Business segment involves in agency loan origination and servicing. The company was founded in June 2003 and is headquartered in Uniondale, NY.
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