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29900.0 | 2022-11-04 00:00:00 UTC | Financial Sector Update for 11/04/2022: ABR, COLD, SQ, PYPL | ABR | https://www.nasdaq.com/articles/financial-sector-update-for-11-04-2022%3A-abr-cold-sq-pypl | nan | nan | Financial stocks added to their prior gains late in Friday trading, with the NYSE Financial Index rising 2.0% while the SPDR Financial Select Sector ETF (XLF) was ahead 1.7%.
The Philadelphia Housing Index was climbing 1.7% and the SPDR Real Estate Select Sector ETF (XLRE) was adding 1.3%.
Bitcoin was increasing 3.4 to $20,955, while the yield for 10-year US Treasuries was climbing 3.2 basis points to 4.156%.
In company news, Arbor Realty Trust (ABR) gained 11% after the multifamily mortgage lender Friday reported distributable Q3 earnings of $0.56 per share, improving on its $0.47 per share profit during the same quarter last year and beating the four-analyst consensus by $0.12 per share. Net interest income also exceeded analyst estimates for the three months ended Sept. 30 and the real estate investment trust raised its quarterly dividend by 2.6% to $0.40 per share.
Block (SQ) jumped out to a nearly 13% advance after the payments processor earned $0.42 per share during its Q3 ended Sept. 30, up from $0.25 per share during the same quarter last year and beating the Capital IQ consensus call by $0.19 per share. Revenue increased to $4.52 billion, also exceeding the $4.47 billion analyst mean.
Americold Realty Trust (COLD) gained almost 15% after overnight reporting a rise in non-GAAP Q3 funds from operations to $0.29 per share, beating the Capital IQ consensus by $0.03 per share, and the real estate investment trust also raising its forecast for adjusted FFO.
To the downside, PayPal (PYPL) slid 1.7% after posting a smaller non-GAAP profit compared with year-ago levels and cutting its 2022 revenue guidance. The payments company is now projecting around $27.5 billion in revenue this year compared with its prior outlook expecting $27.9 billion.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In company news, Arbor Realty Trust (ABR) gained 11% after the multifamily mortgage lender Friday reported distributable Q3 earnings of $0.56 per share, improving on its $0.47 per share profit during the same quarter last year and beating the four-analyst consensus by $0.12 per share. The Philadelphia Housing Index was climbing 1.7% and the SPDR Real Estate Select Sector ETF (XLRE) was adding 1.3%. Net interest income also exceeded analyst estimates for the three months ended Sept. 30 and the real estate investment trust raised its quarterly dividend by 2.6% to $0.40 per share. | In company news, Arbor Realty Trust (ABR) gained 11% after the multifamily mortgage lender Friday reported distributable Q3 earnings of $0.56 per share, improving on its $0.47 per share profit during the same quarter last year and beating the four-analyst consensus by $0.12 per share. Financial stocks added to their prior gains late in Friday trading, with the NYSE Financial Index rising 2.0% while the SPDR Financial Select Sector ETF (XLF) was ahead 1.7%. The Philadelphia Housing Index was climbing 1.7% and the SPDR Real Estate Select Sector ETF (XLRE) was adding 1.3%. | In company news, Arbor Realty Trust (ABR) gained 11% after the multifamily mortgage lender Friday reported distributable Q3 earnings of $0.56 per share, improving on its $0.47 per share profit during the same quarter last year and beating the four-analyst consensus by $0.12 per share. Block (SQ) jumped out to a nearly 13% advance after the payments processor earned $0.42 per share during its Q3 ended Sept. 30, up from $0.25 per share during the same quarter last year and beating the Capital IQ consensus call by $0.19 per share. Americold Realty Trust (COLD) gained almost 15% after overnight reporting a rise in non-GAAP Q3 funds from operations to $0.29 per share, beating the Capital IQ consensus by $0.03 per share, and the real estate investment trust also raising its forecast for adjusted FFO. | In company news, Arbor Realty Trust (ABR) gained 11% after the multifamily mortgage lender Friday reported distributable Q3 earnings of $0.56 per share, improving on its $0.47 per share profit during the same quarter last year and beating the four-analyst consensus by $0.12 per share. Financial stocks added to their prior gains late in Friday trading, with the NYSE Financial Index rising 2.0% while the SPDR Financial Select Sector ETF (XLF) was ahead 1.7%. Net interest income also exceeded analyst estimates for the three months ended Sept. 30 and the real estate investment trust raised its quarterly dividend by 2.6% to $0.40 per share. |
29901.0 | 2022-11-04 00:00:00 UTC | Arbor Realty Trust (ABR) Q3 Earnings and Revenues Top Estimates | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-q3-earnings-and-revenues-top-estimates | nan | nan | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 24.44%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.43 per share when it actually produced earnings of $0.52, delivering a surprise of 20.93%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $259.78 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 4.92%. This compares to year-ago revenues of $125.48 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Arbor Realty Trust shares have lost about 28.2% since the beginning of the year versus the S&P 500's decline of -22%.
What's Next for Arbor Realty Trust?
While Arbor Realty Trust has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Arbor Realty Trust: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $296.54 million in revenues for the coming quarter and $1.95 on $912.18 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Granite Point Mortgage Trust (GPMT), another stock in the same industry, has yet to report results for the quarter ended September 2022. The results are expected to be released on November 8.
This real estate investment trust is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of +133.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Granite Point Mortgage Trust's revenues are expected to be $22.1 million, unchanged compared to the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.45 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.45 per share. Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $259.78 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 4.92%. | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.45 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report A quarter ago, it was expected that this real estate investment trust would post earnings of $0.43 per share when it actually produced earnings of $0.52, delivering a surprise of 20.93%. | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.45 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $259.78 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 4.92%. |
29902.0 | 2022-11-03 00:00:00 UTC | ACRES Commercial (ACR) Q3 Earnings and Revenues Top Estimates | ABR | https://www.nasdaq.com/articles/acres-commercial-acr-q3-earnings-and-revenues-top-estimates | nan | nan | ACRES Commercial (ACR) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to loss of $0.36 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 29.03%. A quarter ago, it was expected that this commercial real estate investment trust would post earnings of $0.23 per share when it actually produced earnings of $0.45, delivering a surprise of 95.65%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
ACRES Commercial, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $11.13 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 4.96%. This compares to year-ago revenues of $9.45 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
ACRES Commercial shares have lost about 18.3% since the beginning of the year versus the S&P 500's decline of -21.1%.
What's Next for ACRES Commercial?
While ACRES Commercial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for ACRES Commercial: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.34 on $11 million in revenues for the coming quarter and $0.85 on $40.6 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust is currently in the bottom 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Arbor Realty Trust (ABR), another stock in the same industry, has yet to report results for the quarter ended September 2022. The results are expected to be released on November 4.
This real estate investment trust is expected to post quarterly earnings of $0.45 per share in its upcoming report, which represents a year-over-year change of -4.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Arbor Realty Trust's revenues are expected to be $247.59 million, up 97.3% from the year-ago quarter.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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ACRES Commercial Realty Corp. (ACR): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR), another stock in the same industry, has yet to report results for the quarter ended September 2022. Arbor Realty Trust (ABR): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR), another stock in the same industry, has yet to report results for the quarter ended September 2022. ACRES Commercial, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $11.13 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 4.96%. | Arbor Realty Trust (ABR), another stock in the same industry, has yet to report results for the quarter ended September 2022. Arbor Realty Trust (ABR): Free Stock Analysis Report ACRES Commercial (ACR) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.31 per share. | Arbor Realty Trust (ABR), another stock in the same industry, has yet to report results for the quarter ended September 2022. Arbor Realty Trust (ABR): Free Stock Analysis Report ACRES Commercial (ACR) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.31 per share. |
29903.0 | 2022-10-31 00:00:00 UTC | Arbor Realty Trust (ABR) Stock Moves -0.43%: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-stock-moves-0.43%3A-what-you-should-know | nan | nan | Arbor Realty Trust (ABR) closed at $13.77 in the latest trading session, marking a -0.43% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.75%. At the same time, the Dow lost 0.39%, and the tech-heavy Nasdaq gained 0.13%.
Heading into today, shares of the real estate investment trust had gained 20.26% over the past month, outpacing the Finance sector's gain of 6.4% and the S&P 500's gain of 4.98% in that time.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release, which is expected to be November 4, 2022. The company is expected to report EPS of $0.45, down 4.26% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $247.59 million, up 97.32% from the year-ago period.
ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.95 per share and revenue of $912.18 million. These results would represent year-over-year changes of -2.99% and +95.71%, respectively.
Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.27% lower. Arbor Realty Trust currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Arbor Realty Trust currently has a Forward P/E ratio of 7.09. For comparison, its industry has an average Forward P/E of 8.48, which means Arbor Realty Trust is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed at $13.77 in the latest trading session, marking a -0.43% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.95 per share and revenue of $912.18 million. Arbor Realty Trust (ABR): Free Stock Analysis Report | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $13.77 in the latest trading session, marking a -0.43% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.95 per share and revenue of $912.18 million. | Arbor Realty Trust (ABR) closed at $13.77 in the latest trading session, marking a -0.43% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.95 per share and revenue of $912.18 million. Arbor Realty Trust (ABR): Free Stock Analysis Report | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $13.77 in the latest trading session, marking a -0.43% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.95 per share and revenue of $912.18 million. |
29904.0 | 2022-10-26 00:00:00 UTC | Arbor Realty Trust (ABR) Gains As Market Dips: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-gains-as-market-dips%3A-what-you-should-know-1 | nan | nan | In the latest trading session, Arbor Realty Trust (ABR) closed at $13.21, marking a +1.07% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.74%. Meanwhile, the Dow gained 0.01%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Heading into today, shares of the real estate investment trust had gained 7.84% over the past month, outpacing the Finance sector's gain of 3.51% and the S&P 500's gain of 4.58% in that time.
Wall Street will be looking for positivity from Arbor Realty Trust as it approaches its next earnings report date. The company is expected to report EPS of $0.45, down 4.26% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $251.55 million, up 100.47% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.95 per share and revenue of $912.52 million, which would represent changes of -2.99% and +95.78%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Arbor Realty Trust. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.27% lower within the past month. Arbor Realty Trust is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Arbor Realty Trust currently has a Forward P/E ratio of 6.7. This valuation marks a discount compared to its industry's average Forward P/E of 7.98.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the latest trading session, Arbor Realty Trust (ABR) closed at $13.21, marking a +1.07% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Wall Street will be looking for positivity from Arbor Realty Trust as it approaches its next earnings report date. | In the latest trading session, Arbor Realty Trust (ABR) closed at $13.21, marking a +1.07% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Heading into today, shares of the real estate investment trust had gained 7.84% over the past month, outpacing the Finance sector's gain of 3.51% and the S&P 500's gain of 4.58% in that time. | Arbor Realty Trust (ABR): Free Stock Analysis Report In the latest trading session, Arbor Realty Trust (ABR) closed at $13.21, marking a +1.07% move from the previous day. Heading into today, shares of the real estate investment trust had gained 7.84% over the past month, outpacing the Finance sector's gain of 3.51% and the S&P 500's gain of 4.58% in that time. | In the latest trading session, Arbor Realty Trust (ABR) closed at $13.21, marking a +1.07% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Heading into today, shares of the real estate investment trust had gained 7.84% over the past month, outpacing the Finance sector's gain of 3.51% and the S&P 500's gain of 4.58% in that time. |
29905.0 | 2022-10-19 00:00:00 UTC | Arbor Realty Trust (ABR) Dips More Than Broader Markets: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-dips-more-than-broader-markets%3A-what-you-should-know-1 | nan | nan | In the latest trading session, Arbor Realty Trust (ABR) closed at $12.40, marking a -1.04% move from the previous day. This change lagged the S&P 500's 0.67% loss on the day. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq lost 0.22%.
Heading into today, shares of the real estate investment trust had lost 12.74% over the past month, lagging the Finance sector's loss of 3.71% and the S&P 500's loss of 3.76% in that time.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.45, down 4.26% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $251.99 million, up 100.82% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.96 per share and revenue of $913.99 million. These totals would mark changes of -2.49% and +96.1%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Arbor Realty Trust. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Arbor Realty Trust is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Arbor Realty Trust has a Forward P/E ratio of 6.41 right now. For comparison, its industry has an average Forward P/E of 7.41, which means Arbor Realty Trust is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABR in the coming trading sessions, be sure to utilize Zacks.com.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the latest trading session, Arbor Realty Trust (ABR) closed at $12.40, marking a -1.04% move from the previous day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. Arbor Realty Trust (ABR): Free Stock Analysis Report | In the latest trading session, Arbor Realty Trust (ABR) closed at $12.40, marking a -1.04% move from the previous day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. Arbor Realty Trust (ABR): Free Stock Analysis Report | In the latest trading session, Arbor Realty Trust (ABR) closed at $12.40, marking a -1.04% move from the previous day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. Arbor Realty Trust (ABR): Free Stock Analysis Report | In the latest trading session, Arbor Realty Trust (ABR) closed at $12.40, marking a -1.04% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. |
29906.0 | 2022-10-13 00:00:00 UTC | Arbor Realty Trust (ABR) Gains But Lags Market: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-gains-but-lags-market%3A-what-you-should-know-8 | nan | nan | Arbor Realty Trust (ABR) closed the most recent trading day at $12.46, moving +1.8% from the previous trading session. This move lagged the S&P 500's daily gain of 2.6%.
Heading into today, shares of the real estate investment trust had lost 18.99% over the past month, lagging the Finance sector's loss of 12.55% and the S&P 500's loss of 12.9% in that time.
Investors will be hoping for strength from Arbor Realty Trust as it approaches its next earnings release. In that report, analysts expect Arbor Realty Trust to post earnings of $0.45 per share. This would mark a year-over-year decline of 4.26%. Our most recent consensus estimate is calling for quarterly revenue of $251.99 million, up 100.82% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.96 per share and revenue of $913.99 million. These totals would mark changes of -2.49% and +96.1%, respectively, from last year.
Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Arbor Realty Trust is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Arbor Realty Trust is holding a Forward P/E ratio of 6.26. For comparison, its industry has an average Forward P/E of 7.09, which means Arbor Realty Trust is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 193, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed the most recent trading day at $12.46, moving +1.8% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.96 per share and revenue of $913.99 million. | Arbor Realty Trust (ABR) closed the most recent trading day at $12.46, moving +1.8% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.96 per share and revenue of $913.99 million. | Arbor Realty Trust (ABR) closed the most recent trading day at $12.46, moving +1.8% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust is holding a Zacks Rank of #3 (Hold) right now. | Arbor Realty Trust (ABR) closed the most recent trading day at $12.46, moving +1.8% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. |
29907.0 | 2022-10-07 00:00:00 UTC | Arbor Realty Trust (ABR) Stock Moves -1.66%: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-stock-moves-1.66%3A-what-you-should-know | nan | nan | Arbor Realty Trust (ABR) closed at $11.85 in the latest trading session, marking a -1.66% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Prior to today's trading, shares of the real estate investment trust had lost 18.86% over the past month. This has lagged the Finance sector's loss of 4.31% and the S&P 500's loss of 4.08% in that time.
Wall Street will be looking for positivity from Arbor Realty Trust as it approaches its next earnings report date. On that day, Arbor Realty Trust is projected to report earnings of $0.45 per share, which would represent a year-over-year decline of 4.26%. Our most recent consensus estimate is calling for quarterly revenue of $251.99 million, up 100.82% from the year-ago period.
ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. These results would represent year-over-year changes of -2.49% and +96.1%, respectively.
It is also important to note the recent changes to analyst estimates for Arbor Realty Trust. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Arbor Realty Trust is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Arbor Realty Trust's current valuation metrics, including its Forward P/E ratio of 6.16. This valuation marks a discount compared to its industry's average Forward P/E of 7.28.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 200, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed at $11.85 in the latest trading session, marking a -1.66% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. Arbor Realty Trust (ABR): Free Stock Analysis Report | ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $11.85 in the latest trading session, marking a -1.66% move from the prior day. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $11.85 in the latest trading session, marking a -1.66% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. | Arbor Realty Trust (ABR) closed at $11.85 in the latest trading session, marking a -1.66% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. Arbor Realty Trust (ABR): Free Stock Analysis Report |
29908.0 | 2022-09-30 00:00:00 UTC | Arbor Realty Trust (ABR) Stock Moves -0.69%: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-stock-moves-0.69%3A-what-you-should-know | nan | nan | Arbor Realty Trust (ABR) closed at $11.50 in the latest trading session, marking a -0.69% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.51%. Elsewhere, the Dow lost 1.71%, while the tech-heavy Nasdaq lost 0.02%.
Prior to today's trading, shares of the real estate investment trust had lost 20.47% over the past month. This has lagged the Finance sector's loss of 9% and the S&P 500's loss of 9.52% in that time.
Investors will be hoping for strength from Arbor Realty Trust as it approaches its next earnings release. In that report, analysts expect Arbor Realty Trust to post earnings of $0.45 per share. This would mark a year-over-year decline of 4.26%. Meanwhile, our latest consensus estimate is calling for revenue of $251.99 million, up 100.82% from the prior-year quarter.
ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. These results would represent year-over-year changes of -2.49% and +96.1%, respectively.
Investors should also note any recent changes to analyst estimates for Arbor Realty Trust. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Arbor Realty Trust currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Arbor Realty Trust has a Forward P/E ratio of 5.92 right now. This valuation marks a discount compared to its industry's average Forward P/E of 7.02.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 165, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed at $11.50 in the latest trading session, marking a -0.69% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. Arbor Realty Trust (ABR): Free Stock Analysis Report | ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $11.50 in the latest trading session, marking a -0.69% move from the prior day. | Arbor Realty Trust (ABR) closed at $11.50 in the latest trading session, marking a -0.69% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. Arbor Realty Trust (ABR): Free Stock Analysis Report | Arbor Realty Trust (ABR) closed at $11.50 in the latest trading session, marking a -0.69% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. Arbor Realty Trust (ABR): Free Stock Analysis Report |
29909.0 | 2022-09-29 00:00:00 UTC | Noteworthy Thursday Option Activity: ABR, RILY, QCOM | ABR | https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-abr-rily-qcom | nan | nan | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Arbor Realty Trust Inc (Symbol: ABR), where a total of 17,025 contracts have traded so far, representing approximately 1.7 million underlying shares. That amounts to about 78.5% of ABR's average daily trading volume over the past month of 2.2 million shares. Particularly high volume was seen for the $7.50 strike put option expiring January 17, 2025, with 10,000 contracts trading so far today, representing approximately 1.0 million underlying shares of ABR. Below is a chart showing ABR's trailing twelve month trading history, with the $7.50 strike highlighted in orange:
B. Riley Financial Inc (Symbol: RILY) options are showing a volume of 1,717 contracts thus far today. That number of contracts represents approximately 171,700 underlying shares, working out to a sizeable 67.3% of RILY's average daily trading volume over the past month, of 255,060 shares. Especially high volume was seen for the $55 strike call option expiring October 21, 2022, with 906 contracts trading so far today, representing approximately 90,600 underlying shares of RILY. Below is a chart showing RILY's trailing twelve month trading history, with the $55 strike highlighted in orange:
And Qualcomm Inc (Symbol: QCOM) options are showing a volume of 52,126 contracts thus far today. That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 67.2% of QCOM's average daily trading volume over the past month, of 7.8 million shares. Especially high volume was seen for the $115 strike put option expiring September 30, 2022, with 2,970 contracts trading so far today, representing approximately 297,000 underlying shares of QCOM. Below is a chart showing QCOM's trailing twelve month trading history, with the $115 strike highlighted in orange:
For the various different available expirations for ABR options, RILY options, or QCOM options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Particularly high volume was seen for the $7.50 strike put option expiring January 17, 2025, with 10,000 contracts trading so far today, representing approximately 1.0 million underlying shares of ABR. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Arbor Realty Trust Inc (Symbol: ABR), where a total of 17,025 contracts have traded so far, representing approximately 1.7 million underlying shares. That amounts to about 78.5% of ABR's average daily trading volume over the past month of 2.2 million shares. | Below is a chart showing ABR's trailing twelve month trading history, with the $7.50 strike highlighted in orange: B. Riley Financial Inc (Symbol: RILY) options are showing a volume of 1,717 contracts thus far today. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Arbor Realty Trust Inc (Symbol: ABR), where a total of 17,025 contracts have traded so far, representing approximately 1.7 million underlying shares. That amounts to about 78.5% of ABR's average daily trading volume over the past month of 2.2 million shares. | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Arbor Realty Trust Inc (Symbol: ABR), where a total of 17,025 contracts have traded so far, representing approximately 1.7 million underlying shares. Particularly high volume was seen for the $7.50 strike put option expiring January 17, 2025, with 10,000 contracts trading so far today, representing approximately 1.0 million underlying shares of ABR. That amounts to about 78.5% of ABR's average daily trading volume over the past month of 2.2 million shares. | Particularly high volume was seen for the $7.50 strike put option expiring January 17, 2025, with 10,000 contracts trading so far today, representing approximately 1.0 million underlying shares of ABR. Below is a chart showing QCOM's trailing twelve month trading history, with the $115 strike highlighted in orange: For the various different available expirations for ABR options, RILY options, or QCOM options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Arbor Realty Trust Inc (Symbol: ABR), where a total of 17,025 contracts have traded so far, representing approximately 1.7 million underlying shares. |
29910.0 | 2022-09-27 00:00:00 UTC | Will Insiders Be Tempted To Buy More ABR At The New 52-Week Low? | ABR | https://www.nasdaq.com/articles/will-insiders-be-tempted-to-buy-more-abr-at-the-new-52-week-low-0 | nan | nan | In trading on Tuesday, shares of Arbor Realty Trust Inc (Symbol: ABR) touched a new 52-week low of $12.08/share. That's a $8.66 share price drop, or -41.76% decline from the 52-week high of $20.74 set back on 11/01/2021. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABR that means the stock would have to gain 71.69% to get back to the 52-week high. For a move like that, Arbor Realty Trust Inc would need fundamental strength at the business level.
Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as ABR shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, ABR has seen 2 different instances of insiders buying over the past six months.
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
05/12/2022 Melvin F. Lazar Director 2,500 $16.39 $40,975.00
09/12/2022 William C. Green Director 9,255 $15.36 $142,156.80
In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where ABR has traded over the past year, with the 50-day and 200-day moving averages included.
Time will tell whether the insider purchases foretell a future rebound for ABR shares, which are presently showing a last trade of $12.09/share, slightly above the new 52-week low.
Ten Bargains You Can Buy Cheaper Than The Insiders Did »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Time will tell whether the insider purchases foretell a future rebound for ABR shares, which are presently showing a last trade of $12.09/share, slightly above the new 52-week low. In trading on Tuesday, shares of Arbor Realty Trust Inc (Symbol: ABR) touched a new 52-week low of $12.08/share. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABR that means the stock would have to gain 71.69% to get back to the 52-week high. | In trading on Tuesday, shares of Arbor Realty Trust Inc (Symbol: ABR) touched a new 52-week low of $12.08/share. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABR that means the stock would have to gain 71.69% to get back to the 52-week high. So let's take a look to see whether any company insiders were taking the other side of the trade as ABR shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. | Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABR that means the stock would have to gain 71.69% to get back to the 52-week high. So let's take a look to see whether any company insiders were taking the other side of the trade as ABR shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. In trading on Tuesday, shares of Arbor Realty Trust Inc (Symbol: ABR) touched a new 52-week low of $12.08/share. | Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABR that means the stock would have to gain 71.69% to get back to the 52-week high. The chart below shows where ABR has traded over the past year, with the 50-day and 200-day moving averages included. In trading on Tuesday, shares of Arbor Realty Trust Inc (Symbol: ABR) touched a new 52-week low of $12.08/share. |
29911.0 | 2022-09-27 00:00:00 UTC | Arbor Realty Trust (ABR) Dips More Than Broader Markets: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-dips-more-than-broader-markets%3A-what-you-should-know-0 | nan | nan | Arbor Realty Trust (ABR) closed at $12.12 in the latest trading session, marking a -1.86% move from the prior day. This change lagged the S&P 500's 0.21% loss on the day. At the same time, the Dow lost 0.43%, and the tech-heavy Nasdaq gained 0.03%.
Prior to today's trading, shares of the real estate investment trust had lost 19.07% over the past month. This has lagged the Finance sector's loss of 9.32% and the S&P 500's loss of 9.7% in that time.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.45, down 4.26% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $251.99 million, up 100.82% from the prior-year quarter.
ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. These results would represent year-over-year changes of -2.49% and +96.1%, respectively.
Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Arbor Realty Trust is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Arbor Realty Trust currently has a Forward P/E ratio of 6.32. For comparison, its industry has an average Forward P/E of 7.5, which means Arbor Realty Trust is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed at $12.12 in the latest trading session, marking a -1.86% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. Arbor Realty Trust (ABR): Free Stock Analysis Report | ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $12.12 in the latest trading session, marking a -1.86% move from the prior day. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $12.12 in the latest trading session, marking a -1.86% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. | Arbor Realty Trust (ABR) closed at $12.12 in the latest trading session, marking a -1.86% move from the prior day. Arbor Realty Trust (ABR): Free Stock Analysis Report ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $913.99 million. |
29912.0 | 2022-09-22 00:00:00 UTC | Arbor Realty Trust Becomes Oversold (ABR) | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-becomes-oversold-abr | nan | nan | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Arbor Realty Trust Inc (Symbol: ABR) entered into oversold territory, hitting an RSI reading of 28.7, after changing hands as low as $13.58 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 32.9. A bullish investor could look at ABR's 28.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABR shares:
Looking at the chart above, ABR's low point in its 52 week range is $12.175 per share, with $20.74 as the 52 week high point — that compares with a last trade of $13.59.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Arbor Realty Trust Inc (Symbol: ABR) entered into oversold territory, hitting an RSI reading of 28.7, after changing hands as low as $13.58 per share. A bullish investor could look at ABR's 28.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABR shares: Looking at the chart above, ABR's low point in its 52 week range is $12.175 per share, with $20.74 as the 52 week high point — that compares with a last trade of $13.59. | A bullish investor could look at ABR's 28.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABR shares: Looking at the chart above, ABR's low point in its 52 week range is $12.175 per share, with $20.74 as the 52 week high point — that compares with a last trade of $13.59. In trading on Thursday, shares of Arbor Realty Trust Inc (Symbol: ABR) entered into oversold territory, hitting an RSI reading of 28.7, after changing hands as low as $13.58 per share. | In trading on Thursday, shares of Arbor Realty Trust Inc (Symbol: ABR) entered into oversold territory, hitting an RSI reading of 28.7, after changing hands as low as $13.58 per share. A bullish investor could look at ABR's 28.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABR shares: Looking at the chart above, ABR's low point in its 52 week range is $12.175 per share, with $20.74 as the 52 week high point — that compares with a last trade of $13.59. | In trading on Thursday, shares of Arbor Realty Trust Inc (Symbol: ABR) entered into oversold territory, hitting an RSI reading of 28.7, after changing hands as low as $13.58 per share. A bullish investor could look at ABR's 28.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABR shares: Looking at the chart above, ABR's low point in its 52 week range is $12.175 per share, with $20.74 as the 52 week high point — that compares with a last trade of $13.59. |
29913.0 | 2022-09-19 00:00:00 UTC | Arbor Realty Trust (ABR) Gains But Lags Market: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-gains-but-lags-market%3A-what-you-should-know-7 | nan | nan | Arbor Realty Trust (ABR) closed the most recent trading day at $14.70, moving +0.2% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.69%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq lost 0.18%.
Coming into today, shares of the real estate investment trust had lost 5.05% in the past month. In that same time, the Finance sector lost 8.14%, while the S&P 500 lost 9.94%.
Investors will be hoping for strength from Arbor Realty Trust as it approaches its next earnings release. In that report, analysts expect Arbor Realty Trust to post earnings of $0.45 per share. This would mark a year-over-year decline of 4.26%. Our most recent consensus estimate is calling for quarterly revenue of $251.99 million, up 100.82% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.96 per share and revenue of $913.99 million. These totals would mark changes of -2.49% and +96.1%, respectively, from last year.
Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Arbor Realty Trust currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Arbor Realty Trust has a Forward P/E ratio of 7.5 right now. Its industry sports an average Forward P/E of 8.78, so we one might conclude that Arbor Realty Trust is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 143, which puts it in the bottom 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed the most recent trading day at $14.70, moving +0.2% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.96 per share and revenue of $913.99 million. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed the most recent trading day at $14.70, moving +0.2% from the previous trading session. In that report, analysts expect Arbor Realty Trust to post earnings of $0.45 per share. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed the most recent trading day at $14.70, moving +0.2% from the previous trading session. Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. | Arbor Realty Trust (ABR) closed the most recent trading day at $14.70, moving +0.2% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. |
29914.0 | 2022-09-16 00:00:00 UTC | First Week of ABR November 18th Options Trading | ABR | https://www.nasdaq.com/articles/first-week-of-abr-november-18th-options-trading | nan | nan | Investors in Arbor Realty Trust Inc (Symbol: ABR) saw new options begin trading this week, for the November 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ABR options chain for the new November 18th contracts and identified one put and one call contract of particular interest.
The put contract at the $12.50 strike price has a current bid of 20 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $12.50, but will also collect the premium, putting the cost basis of the shares at $12.30 (before broker commissions). To an investor already interested in purchasing shares of ABR, that could represent an attractive alternative to paying $14.56/share today.
Because the $12.50 strike represents an approximate 14% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 89%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.60% return on the cash commitment, or 9.26% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Arbor Realty Trust Inc, and highlighting in green where the $12.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $15.00 strike price has a current bid of 40 cents. If an investor was to purchase shares of ABR stock at the current price level of $14.56/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $15.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.77% if the stock gets called away at the November 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if ABR shares really soar, which is why looking at the trailing twelve month trading history for Arbor Realty Trust Inc, as well as studying the business fundamentals becomes important. Below is a chart showing ABR's trailing twelve month trading history, with the $15.00 strike highlighted in red:
Considering the fact that the $15.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 61%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.75% boost of extra return to the investor, or 15.91% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 50%, while the implied volatility in the call contract example is 31%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $14.56) to be 29%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the Mortgage REITs »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Of course, a lot of upside could potentially be left on the table if ABR shares really soar, which is why looking at the trailing twelve month trading history for Arbor Realty Trust Inc, as well as studying the business fundamentals becomes important. Below is a chart showing ABR's trailing twelve month trading history, with the $15.00 strike highlighted in red: Considering the fact that the $15.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Arbor Realty Trust Inc (Symbol: ABR) saw new options begin trading this week, for the November 18th expiration. | Below is a chart showing ABR's trailing twelve month trading history, with the $15.00 strike highlighted in red: Considering the fact that the $15.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Arbor Realty Trust Inc (Symbol: ABR) saw new options begin trading this week, for the November 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ABR options chain for the new November 18th contracts and identified one put and one call contract of particular interest. | Below is a chart showing ABR's trailing twelve month trading history, with the $15.00 strike highlighted in red: Considering the fact that the $15.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Arbor Realty Trust Inc (Symbol: ABR) saw new options begin trading this week, for the November 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ABR options chain for the new November 18th contracts and identified one put and one call contract of particular interest. | At Stock Options Channel, our YieldBoost formula has looked up and down the ABR options chain for the new November 18th contracts and identified one put and one call contract of particular interest. Below is a chart showing ABR's trailing twelve month trading history, with the $15.00 strike highlighted in red: Considering the fact that the $15.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Arbor Realty Trust Inc (Symbol: ABR) saw new options begin trading this week, for the November 18th expiration. |
29915.0 | 2022-09-12 00:00:00 UTC | Arbor Realty Trust (ABR) Gains But Lags Market: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-gains-but-lags-market%3A-what-you-should-know-6 | nan | nan | Arbor Realty Trust (ABR) closed at $15.35 in the latest trading session, marking a +0.99% move from the prior day. The stock lagged the S&P 500's daily gain of 1.06%. At the same time, the Dow added 0.71%, and the tech-heavy Nasdaq gained 0.18%.
Heading into today, shares of the real estate investment trust had lost 3.43% over the past month, lagging the Finance sector's loss of 0.38% and the S&P 500's loss of 1.14% in that time.
Wall Street will be looking for positivity from Arbor Realty Trust as it approaches its next earnings report date. In that report, analysts expect Arbor Realty Trust to post earnings of $0.45 per share. This would mark a year-over-year decline of 4.26%. Our most recent consensus estimate is calling for quarterly revenue of $251.99 million, up 100.82% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.96 per share and revenue of $913.99 million. These totals would mark changes of -2.49% and +96.1%, respectively, from last year.
Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Arbor Realty Trust is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Arbor Realty Trust is holding a Forward P/E ratio of 7.77. This valuation marks a discount compared to its industry's average Forward P/E of 9.21.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABR in the coming trading sessions, be sure to utilize Zacks.com.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed at $15.35 in the latest trading session, marking a +0.99% move from the prior day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. Arbor Realty Trust (ABR): Free Stock Analysis Report | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $15.35 in the latest trading session, marking a +0.99% move from the prior day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $15.35 in the latest trading session, marking a +0.99% move from the prior day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. | Arbor Realty Trust (ABR) closed at $15.35 in the latest trading session, marking a +0.99% move from the prior day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. Arbor Realty Trust (ABR): Free Stock Analysis Report |
29916.0 | 2022-09-01 00:00:00 UTC | First Week of April 2023 Options Trading For Arbor Realty Trust (ABR) | ABR | https://www.nasdaq.com/articles/first-week-of-april-2023-options-trading-for-arbor-realty-trust-abr | nan | nan | Investors in Arbor Realty Trust Inc (Symbol: ABR) saw new options begin trading this week, for the April 2023 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 232 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ABR options chain for the new April 2023 contracts and identified one put and one call contract of particular interest.
The put contract at the $12.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $12.50, but will also collect the premium, putting the cost basis of the shares at $11.65 (before broker commissions). To an investor already interested in purchasing shares of ABR, that could represent an attractive alternative to paying $14.29/share today.
Because the $12.50 strike represents an approximate 13% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.80% return on the cash commitment, or 10.70% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Arbor Realty Trust Inc, and highlighting in green where the $12.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $15.00 strike price has a current bid of 75 cents. If an investor was to purchase shares of ABR stock at the current price level of $14.29/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $15.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.22% if the stock gets called away at the April 2023 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if ABR shares really soar, which is why looking at the trailing twelve month trading history for Arbor Realty Trust Inc, as well as studying the business fundamentals becomes important. Below is a chart showing ABR's trailing twelve month trading history, with the $15.00 strike highlighted in red:
Considering the fact that the $15.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 61%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 5.25% boost of extra return to the investor, or 8.26% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 45%, while the implied volatility in the call contract example is 31%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $14.29) to be 29%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the Mortgage REITs »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Of course, a lot of upside could potentially be left on the table if ABR shares really soar, which is why looking at the trailing twelve month trading history for Arbor Realty Trust Inc, as well as studying the business fundamentals becomes important. Below is a chart showing ABR's trailing twelve month trading history, with the $15.00 strike highlighted in red: Considering the fact that the $15.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Arbor Realty Trust Inc (Symbol: ABR) saw new options begin trading this week, for the April 2023 expiration. | Below is a chart showing ABR's trailing twelve month trading history, with the $15.00 strike highlighted in red: Considering the fact that the $15.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Arbor Realty Trust Inc (Symbol: ABR) saw new options begin trading this week, for the April 2023 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ABR options chain for the new April 2023 contracts and identified one put and one call contract of particular interest. | Below is a chart showing ABR's trailing twelve month trading history, with the $15.00 strike highlighted in red: Considering the fact that the $15.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Arbor Realty Trust Inc (Symbol: ABR) saw new options begin trading this week, for the April 2023 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ABR options chain for the new April 2023 contracts and identified one put and one call contract of particular interest. | At Stock Options Channel, our YieldBoost formula has looked up and down the ABR options chain for the new April 2023 contracts and identified one put and one call contract of particular interest. Below is a chart showing ABR's trailing twelve month trading history, with the $15.00 strike highlighted in red: Considering the fact that the $15.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Arbor Realty Trust Inc (Symbol: ABR) saw new options begin trading this week, for the April 2023 expiration. |
29917.0 | 2022-08-18 00:00:00 UTC | ABR Trading Below Director's Recent Buy Price | ABR | https://www.nasdaq.com/articles/abr-trading-below-directors-recent-buy-price | nan | nan | There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 12, Arbor Realty Trust Inc's Director, Melvin F. Lazar, invested $40,975.00 into 2,500 shares of ABR, for a cost per share of $16.39. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Thursday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 4.6% cheaper than Lazar, with shares changing hands as low as $15.63 per share. It should be noted that Lazar has collected $0.77/share in dividends since the time of their purchase, so they are currently up 0.1% on their purchase from a total return basis. Arbor Realty Trust Inc shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of ABR shares, versus its 200 day moving average:
Looking at the chart above, ABR's low point in its 52 week range is $12.175 per share, with $20.74 as the 52 week high point — that compares with a last trade of $15.73. By comparison, below is a table showing the prices at which ABR insider buying was recorded over the last six months:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
03/16/2022 William C. Green Director 2,500 $17.47 $43,675.00
05/12/2022 Melvin F. Lazar Director 2,500 $16.39 $40,975.00
The current annualized dividend paid by Arbor Realty Trust Inc is $1.56/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 08/12/2022. Below is a long-term dividend history chart for ABR, which can be of good help in judging whether the most recent dividend with approx. 10.0% annualized yield is likely to continue.
Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The chart below shows the one year performance of ABR shares, versus its 200 day moving average: Looking at the chart above, ABR's low point in its 52 week range is $12.175 per share, with $20.74 as the 52 week high point — that compares with a last trade of $15.73. By comparison, below is a table showing the prices at which ABR insider buying was recorded over the last six months: Back on May 12, Arbor Realty Trust Inc's Director, Melvin F. Lazar, invested $40,975.00 into 2,500 shares of ABR, for a cost per share of $16.39. | Back on May 12, Arbor Realty Trust Inc's Director, Melvin F. Lazar, invested $40,975.00 into 2,500 shares of ABR, for a cost per share of $16.39. In trading on Thursday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 4.6% cheaper than Lazar, with shares changing hands as low as $15.63 per share. The chart below shows the one year performance of ABR shares, versus its 200 day moving average: Looking at the chart above, ABR's low point in its 52 week range is $12.175 per share, with $20.74 as the 52 week high point — that compares with a last trade of $15.73. | In trading on Thursday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 4.6% cheaper than Lazar, with shares changing hands as low as $15.63 per share. The chart below shows the one year performance of ABR shares, versus its 200 day moving average: Looking at the chart above, ABR's low point in its 52 week range is $12.175 per share, with $20.74 as the 52 week high point — that compares with a last trade of $15.73. Back on May 12, Arbor Realty Trust Inc's Director, Melvin F. Lazar, invested $40,975.00 into 2,500 shares of ABR, for a cost per share of $16.39. | Back on May 12, Arbor Realty Trust Inc's Director, Melvin F. Lazar, invested $40,975.00 into 2,500 shares of ABR, for a cost per share of $16.39. The chart below shows the one year performance of ABR shares, versus its 200 day moving average: Looking at the chart above, ABR's low point in its 52 week range is $12.175 per share, with $20.74 as the 52 week high point — that compares with a last trade of $15.73. In trading on Thursday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 4.6% cheaper than Lazar, with shares changing hands as low as $15.63 per share. |
29918.0 | 2022-08-17 00:00:00 UTC | Arbor Realty Trust (ABR) Crossed Above the 20-Day Moving Average: What That Means for Investors | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-crossed-above-the-20-day-moving-average%3A-what-that-means-for | nan | nan | Arbor Realty Trust (ABR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ABR crossed above the 20-day moving average, suggesting a short-term bullish trend.
The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-term moving averages.
Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.
Over the past four weeks, ABR has gained 7%. The company is currently ranked a Zacks Rank #3 (Hold), another strong indication the stock could move even higher.
The bullish case solidifies once investors consider ABR's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 2 higher, while the consensus estimate has increased too.
Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on ABR for more gains in the near future.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. The bullish case solidifies once investors consider ABR's positive earnings estimate revisions. Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on ABR for more gains in the near future. | The bullish case solidifies once investors consider ABR's positive earnings estimate revisions. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ABR crossed above the 20-day moving average, suggesting a short-term bullish trend. | Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on ABR for more gains in the near future. Arbor Realty Trust (ABR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ABR crossed above the 20-day moving average, suggesting a short-term bullish trend. |
29919.0 | 2022-08-17 00:00:00 UTC | This ETF Holds Stocks Insiders Want to Own | ABR | https://www.nasdaq.com/articles/this-etf-holds-stocks-insiders-want-to-own-23 | nan | nan | A look at the weighted underlying holdings of the Mortgage REIT Income ETF (MORT) shows an impressive 18.7% of holdings on a weighted basis have experienced insider buying within the past six months.
Hannon Armstrong Sustainable Infrastructure Capital Inc (Symbol: HASI), which makes up 5.37% of the Mortgage REIT Income ETF (MORT), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $10,988,682 worth of HASI, making it the #5 largest holding. The table below details the recent insider buying activity observed at HASI:
HASI — last trade: $42.62 — Recent Insider Buys:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
05/15/2022 Jeffrey Lipson Chief Financial Officer 3,000 $37.18 $111,540
05/13/2022 Jeffrey Eckel President and CEO 2,668 $37.41 $99,810
08/12/2022 Jeffrey Eckel President and CEO 2,300 $43.75 $100,625
And Arbor Realty Trust Inc (Symbol: ABR), the #7 largest holding among components of the Mortgage REIT Income ETF (MORT), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $10,116,245 worth of ABR, which represents approximately 4.94% of the ETF's total assets at last check. The recent insider buying activity observed at ABR is detailed in the table below:
ABR — last trade: $15.82 — Recent Insider Buys:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
03/16/2022 William C. Green Director 2,500 $17.47 $43,675
05/12/2022 Melvin F. Lazar Director 2,500 $16.39 $40,975
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | 05/15/2022 Jeffrey Lipson Chief Financial Officer 3,000 $37.18 $111,540 05/13/2022 Jeffrey Eckel President and CEO 2,668 $37.41 $99,810 08/12/2022 Jeffrey Eckel President and CEO 2,300 $43.75 $100,625 And Arbor Realty Trust Inc (Symbol: ABR), the #7 largest holding among components of the Mortgage REIT Income ETF (MORT), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $10,116,245 worth of ABR, which represents approximately 4.94% of the ETF's total assets at last check. The recent insider buying activity observed at ABR is detailed in the table below: ABR — last trade: $15.82 — Recent Insider Buys: | The recent insider buying activity observed at ABR is detailed in the table below: ABR — last trade: $15.82 — Recent Insider Buys: 05/15/2022 Jeffrey Lipson Chief Financial Officer 3,000 $37.18 $111,540 05/13/2022 Jeffrey Eckel President and CEO 2,668 $37.41 $99,810 08/12/2022 Jeffrey Eckel President and CEO 2,300 $43.75 $100,625 And Arbor Realty Trust Inc (Symbol: ABR), the #7 largest holding among components of the Mortgage REIT Income ETF (MORT), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $10,116,245 worth of ABR, which represents approximately 4.94% of the ETF's total assets at last check. | 05/15/2022 Jeffrey Lipson Chief Financial Officer 3,000 $37.18 $111,540 05/13/2022 Jeffrey Eckel President and CEO 2,668 $37.41 $99,810 08/12/2022 Jeffrey Eckel President and CEO 2,300 $43.75 $100,625 And Arbor Realty Trust Inc (Symbol: ABR), the #7 largest holding among components of the Mortgage REIT Income ETF (MORT), shows 2 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at ABR is detailed in the table below: ABR — last trade: $15.82 — Recent Insider Buys: The ETF holds $10,116,245 worth of ABR, which represents approximately 4.94% of the ETF's total assets at last check. | 05/15/2022 Jeffrey Lipson Chief Financial Officer 3,000 $37.18 $111,540 05/13/2022 Jeffrey Eckel President and CEO 2,668 $37.41 $99,810 08/12/2022 Jeffrey Eckel President and CEO 2,300 $43.75 $100,625 And Arbor Realty Trust Inc (Symbol: ABR), the #7 largest holding among components of the Mortgage REIT Income ETF (MORT), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $10,116,245 worth of ABR, which represents approximately 4.94% of the ETF's total assets at last check. The recent insider buying activity observed at ABR is detailed in the table below: ABR — last trade: $15.82 — Recent Insider Buys: |
29920.0 | 2022-08-12 00:00:00 UTC | Arbor Realty Trust (ABR) Passes Through 10% Yield Mark | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-passes-through-10-yield-mark | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Arbor Realty Trust Inc (Symbol: ABR) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.56), with the stock changing hands as low as $15.48 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 10% would appear considerably attractive if that yield is sustainable. Arbor Realty Trust Inc (Symbol: ABR) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Arbor Realty Trust Inc, looking at the history chart for ABR below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 10% annual yield.
Click here to find out which 9 other dividend stocks just recently went on sale »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Arbor Realty Trust Inc (Symbol: ABR) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.56), with the stock changing hands as low as $15.48 on the day. Arbor Realty Trust Inc (Symbol: ABR) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Arbor Realty Trust Inc, looking at the history chart for ABR below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 10% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Arbor Realty Trust Inc (Symbol: ABR) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.56), with the stock changing hands as low as $15.48 on the day. Arbor Realty Trust Inc (Symbol: ABR) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Arbor Realty Trust Inc, looking at the history chart for ABR below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 10% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Arbor Realty Trust Inc (Symbol: ABR) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.56), with the stock changing hands as low as $15.48 on the day. In the case of Arbor Realty Trust Inc, looking at the history chart for ABR below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 10% annual yield. Arbor Realty Trust Inc (Symbol: ABR) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Arbor Realty Trust Inc (Symbol: ABR) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.56), with the stock changing hands as low as $15.48 on the day. Arbor Realty Trust Inc (Symbol: ABR) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Arbor Realty Trust Inc, looking at the history chart for ABR below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 10% annual yield. |
29921.0 | 2022-08-12 00:00:00 UTC | 7 A-Rated Dividend Stocks to Buy for the Long Haul | ABR | https://www.nasdaq.com/articles/7-a-rated-dividend-stocks-to-buy-for-the-long-haul | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Dividend stocks are one of the best ways for long-term investors to play the market.
How so? Because dividend stocks provide investors with the extra benefit of returning profits on a regular basis – usually in the form of a quarterly or monthly dividend payment.
Investors can use dividend stocks as a stream of reliable income in their retirement, or they can reinvest their returns in the stock market to build their positions even faster.
My Dividend Grader tool has identified some A-rated dividend stocks to buy now. Any and all of these names would be solid choices for investors with a long-term horizon.
ABR Arbor Realty Trust $15.74
BGFV Big 5 Sporting Goods $13.24
SBLK Star Bulk Carriers $26.68
AFL Aflac $64.03
MNRL Brigham Minerals $29.19
CUBE CubeSmart $50.61
ELS Equity LifeStyle Properties $76.84
Arbor Realty Trust (ABR)
Source: Pavel Kapysh / Shutterstock.com
Dividend Yield: 10%
With the red-hot real estate market, Arbor Realty Trust (NYSE:ABR) is a promising pick right now. ABR stock is up by more than 20% since mid-June, and shows a 40% gain over the last two years.
Arbor Realty is based in New York, and handles direct-lending services for multi-family and commercial real estate. Earnings for the second quarter included revenue of $94.26 million, which was better than analysts’ expectations of $82.38 million. Earnings per share came in at 52 cents, better than the 43 cents that the Street was expecting.
ABR also provides a huge dividend yield of 10%, helping boost it to an A rating in the Dividend Grader.
Big 5 Sporting Goods (BGFV)
Source: Michael Vi/ShutterStock.com
Dividend Yield: 7.9%
California-based Big 5 Sporting Goods (NASDAQ:BGFV) is an under-the-radar retail stock that specializes in sporting goods like athletic apparel, camping gear, shoes and sports accessories. Operating in the western U.S., its name is a callback to the company’s first five stores when it launched.
While the company has a decent enough footprint, with more than 400 stores in 11 states, we can consider it under the radar because it has a market capitalization of less than $300 million.
The company’s second-quarter earnings report was a mild disappointment, as BGFV reported revenue of $253.8 million, missing analysts’ expectations by nearly $12 million. EPS of 41 cents per share was less than the 46 cents that analysts expected.
“In a challenging retail climate, we achieved earnings that were within our guidance range and higher than in any pre-pandemic second quarter,” CEO Steven Miller said. “Our sales also exceeded any pre-pandemic second quarter, despite being softer than anticipated in the face of macroeconomic headwinds that accelerated over the course of the quarter.”
While the stock is down 33% so far this year, that action is increasing the BGFV dividend, which currently stands at 8%. On the Dividend Grader, BGFV still merits an A grade.
Star Bulk Carriers (SBLK)
Source: Darryl Brooks / Shutterstock.com
Dividend Yield: 25%
The supply chain has been a top concern ever since the Covid-19 pandemic. With factories shut down, the flow of goods ground to a halt for a time in 2020. Then as the demand for electronics and home furnishings skyrocketed as people adjusted to working from home, some segments of the supply chain really never caught up.
That makes companies that transport goods hot commodities, and that brings us to Star Bulk Carriers (NASDAQ:SBLK). The company sports a fleet of 128 vessels to transport dry bulk goods around the globe.
SBLK stock is up 18% so far this year and earnings for the second quarter were solid. Revenue came in at $417.33 million, better than analyst expectations. EPS was $2, or 11 cents better than what analysts called for.
Star Bulk doesn’t pay a consistent dividend, but it is generous. Payouts over the last year fluctuated between 70 cents per share and $2 per share. By paying out $6.60 per share in dividends over the last calendar year, SBLK stock has a dividend yield of nearly 25% right now.
I would never expect those kinds of returns to continue, but Star Bulk is still a solid dividend play in an attractive sector, so its A rating in the Dividend Grader tool is well deserved.
Aflac (AFL)
Source: Ken Wolter / Shutterstock.com
Dividend Yield: 2.5%
A household name in insurance, Aflac (NYSE:AFL) is an interesting name here because of the role that it plays in the insurance space.
Aflac sells supplemental insurance that allows its customers to pay out-of-pocket expenses that aren’t covered by their primary insurance policies. As insurance costs and inflation both go up, people may skimp on their traditional insurance policies and try to pick up the slack through Aflac.
AFL stock has been up and down so far this year, but currently it’s showing a gain of more than 8%. Earnings for the second quarter were a pleasant surprise, coming in at $5.4 billion in revenue and earnings of $1.46 per share – both numbers better than analysts’ expectations of $4.79 billion in revenue and EPS of $1.28.
To top it off, this solid dividend play pays a ratio of 2.5%, giving it an A rating in the Dividend Grader.
Brigham Minerals (MNRL)
Source: Shutterstock
Dividend Yield: 10.8%
Texas-based Brigham Minerals (NYSE:MNRL) is a unique way to invest in oil and natural gas production. The company acquires oil and gas mineral rights in North Dakota, Wyoming, Colorado, Texas, New Mexico and Oklahoma.
In all, the company has interests in more than 8,500 wells, with about 7,900 being oil wells.
That’s a profitable business, particularly when oil and natural gas prices are high. MNRL stock is up more than 35% so far this year, despite the recent drop in oil. Earnings for Q2 were better than expected, coming in at $90.88 million and EPS of 78 cents per share versus expectations of $81.38 million and EPS of 70 cents.
MNRL stock also pays a dividend of 10.8%, giving it an A rating in the Dividend Grader.
CubeSmart (CUBE)
Source: viewimage / Shutterstock.com
Dividend Yield: 3.4%
There are plenty of real estate investment trusts out there and they run the gamut of possibilities. CubeSmart (NYSE:CUBE) operates in the self-storage subsector – people rent out CubeSmart facilities to store the stuff in their homes and offices that doesn’t quite fit.
Why is CubeSmart a smart play these days? In any economic downturn – and there’s a solid chance we’re headed toward a recession – people have more of a use for temporary storage. Offices close. Businesses shut down and people downsize their living situations.
That’s part of the reason why CUBE stock has been a steady gainer since May, and is up 20% over the last three months. Earnings for the second quarter were mixed – revenue of $248.66 million just missed analysts’ estimates of $248.91 million. But EPS of 26 cents was 2 cents better than what the experts called for.
As a REIT, CubeSmart is always going to give you a solid dividend return. Currently the yield is 3.4%, giving CUBE stock an A rating in the Dividend Grader.
Equity LifeStyle Properties (ELS)
Source: Arina P Habich / Shutterstock.com
Dividend Yield: 2.1%
Here’s another niche REIT for you. Equity LifeStyle Properties (NYSE:ELS) caters to people who want to live in someplace other than a house or apartment. Think motor homes, recreational vehicles and boats.
Equity LifeStyle has more than 6,000 slips at 23 marinas in 33 states and Canada. Plus, it has more than 200 RV reports and campsites.
Earnings for the second quarter were a mixed bag – the company did better than expected in revenue by posting $365.3 million versus analysts’ expectations for $331.28 million. But EPS of 33 cents was less than the 44 cents that the Street wanted to see.
ELS stock is down 12% so far this year, but as a REIT it still provides a yield of better than 2%. Like the other names on this list, ELS stock has an A rating in my Dividend Grader.
On the date of publication, Louis Navellier had a long position in SBLK, MNRL, CUBE. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
The post 7 A-Rated Dividend Stocks to Buy for the Long Haul appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABR Arbor Realty Trust $15.74 BGFV Big 5 Sporting Goods $13.24 SBLK Star Bulk Carriers $26.68 AFL Aflac $64.03 MNRL Brigham Minerals $29.19 CUBE CubeSmart $50.61 ELS Equity LifeStyle Properties $76.84 Arbor Realty Trust (ABR) Source: Pavel Kapysh / Shutterstock.com Dividend Yield: 10% With the red-hot real estate market, Arbor Realty Trust (NYSE:ABR) is a promising pick right now. ABR stock is up by more than 20% since mid-June, and shows a 40% gain over the last two years. ABR also provides a huge dividend yield of 10%, helping boost it to an A rating in the Dividend Grader. | ABR Arbor Realty Trust $15.74 BGFV Big 5 Sporting Goods $13.24 SBLK Star Bulk Carriers $26.68 AFL Aflac $64.03 MNRL Brigham Minerals $29.19 CUBE CubeSmart $50.61 ELS Equity LifeStyle Properties $76.84 Arbor Realty Trust (ABR) Source: Pavel Kapysh / Shutterstock.com Dividend Yield: 10% With the red-hot real estate market, Arbor Realty Trust (NYSE:ABR) is a promising pick right now. ABR stock is up by more than 20% since mid-June, and shows a 40% gain over the last two years. ABR also provides a huge dividend yield of 10%, helping boost it to an A rating in the Dividend Grader. | ABR Arbor Realty Trust $15.74 BGFV Big 5 Sporting Goods $13.24 SBLK Star Bulk Carriers $26.68 AFL Aflac $64.03 MNRL Brigham Minerals $29.19 CUBE CubeSmart $50.61 ELS Equity LifeStyle Properties $76.84 Arbor Realty Trust (ABR) Source: Pavel Kapysh / Shutterstock.com Dividend Yield: 10% With the red-hot real estate market, Arbor Realty Trust (NYSE:ABR) is a promising pick right now. ABR stock is up by more than 20% since mid-June, and shows a 40% gain over the last two years. ABR also provides a huge dividend yield of 10%, helping boost it to an A rating in the Dividend Grader. | ABR Arbor Realty Trust $15.74 BGFV Big 5 Sporting Goods $13.24 SBLK Star Bulk Carriers $26.68 AFL Aflac $64.03 MNRL Brigham Minerals $29.19 CUBE CubeSmart $50.61 ELS Equity LifeStyle Properties $76.84 Arbor Realty Trust (ABR) Source: Pavel Kapysh / Shutterstock.com Dividend Yield: 10% With the red-hot real estate market, Arbor Realty Trust (NYSE:ABR) is a promising pick right now. ABR stock is up by more than 20% since mid-June, and shows a 40% gain over the last two years. ABR also provides a huge dividend yield of 10%, helping boost it to an A rating in the Dividend Grader. |
29922.0 | 2022-08-02 00:00:00 UTC | Tuesday's ETF Movers: ARKW, REM | ABR | https://www.nasdaq.com/articles/tuesdays-etf-movers%3A-arkw-rem | nan | nan | In trading on Tuesday, the ARK Next Generation Internet ETF is outperforming other ETFs, up about 3.5% on the day. Components of that ETF showing particular strength include shares of Genius Sports Limited, up about 10.4% and shares of Coinbase Global, up about 8.5% on the day.
And underperforming other ETFs today is the iShares Mortgage Real Estate ETF, down about 2.5% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Arbor Realty Trust, lower by about 7.9%, and shares of Annaly Capital Management, lower by about 3.8% on the day.
VIDEO: Tuesday's ETF Movers: ARKW, REM
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF showing particular strength include shares of Genius Sports Limited, up about 10.4% and shares of Coinbase Global, up about 8.5% on the day. Among components of that ETF with the weakest showing on Tuesday were shares of Arbor Realty Trust, lower by about 7.9%, and shares of Annaly Capital Management, lower by about 3.8% on the day. VIDEO: Tuesday's ETF Movers: ARKW, REM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF showing particular strength include shares of Genius Sports Limited, up about 10.4% and shares of Coinbase Global, up about 8.5% on the day. Among components of that ETF with the weakest showing on Tuesday were shares of Arbor Realty Trust, lower by about 7.9%, and shares of Annaly Capital Management, lower by about 3.8% on the day. VIDEO: Tuesday's ETF Movers: ARKW, REM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, the ARK Next Generation Internet ETF is outperforming other ETFs, up about 3.5% on the day. And underperforming other ETFs today is the iShares Mortgage Real Estate ETF, down about 2.5% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Arbor Realty Trust, lower by about 7.9%, and shares of Annaly Capital Management, lower by about 3.8% on the day. | In trading on Tuesday, the ARK Next Generation Internet ETF is outperforming other ETFs, up about 3.5% on the day. Components of that ETF showing particular strength include shares of Genius Sports Limited, up about 10.4% and shares of Coinbase Global, up about 8.5% on the day. And underperforming other ETFs today is the iShares Mortgage Real Estate ETF, down about 2.5% in Tuesday afternoon trading. |
29923.0 | 2022-07-29 00:00:00 UTC | Arbor Realty Trust (ABR) Q2 2022 Earnings Call Transcript | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-q2-2022-earnings-call-transcript | nan | nan | Image source: The Motley Fool.
Arbor Realty Trust (NYSE: ABR)
Q2 2022 Earnings Call
Jul 29, 2022, 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning, ladies and gentlemen, and welcome to the second quarter 2022 Arbor Realty Trustearnings conference call At this time, all participants are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator instruction] I would now like to turn the call over to your speaker today, Paul Elenio, chief financial officer.
Please go ahead.
Paul Elenio -- Chief Financial Officer
OK. Thank you, Chelsea, and good morning, everyone, and welcome to the quarterlyearnings callfor Arbor Realty Trust. This morning we'll discuss the results of the quarter ended June 30th, 2022. With me on the call today is Ivan Kaufman, our president, and chief executive officer.
Before we begin, I need to inform you that statements made in thisearnings callmay be deemed forward-looking statements that are subject to risks and uncertainties, including information about possible or assumed future results of our business, financial condition, liquidity results of operations, plans and objectives. These statements are based on our beliefs, assumptions, and expectations of our future performance, taking into account the information currently available to us. Factors that could cause actual results to differ materially from our expectations in these forward-looking statements are detailed in our SEC reports. Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today.
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Although undertakes no obligation to publicly update, or revise these forward-looking statements to reflect events, or circumstances after today or the occurrence of unanticipated events. I will now turn the call over to our president and CEO, Ivan Kaufman.
Ivan Kaufman -- President and Chief Executive Officer
Thank you, Paul. And thanks to everyone for joining us on today's call. As you can see from this morning's press release, we had another tremendous quarter, including producing earnings that were once again well in excess of our dividend. As a result, we're able to increase our dividend to $0.39 a share.
And this is our 9th consecutive quarterly dividend increase representing 3% growth over that time period, all wait while maintaining a lowest dividend payout ratio in the industry. As we have mentioned many times, a diverse business model offers several strategic advantages, which is something that needs to be emphasized, especially given the recessionary environment. We have built a premium operating platform that is focused on the right asset classes with very stable liability structures, including over $8 billion in non-recourse, non-mark to market [inaudible], which requires approximately 70% of our outstanding secured indebtedness with pricing that is well below the current market. We also have a thriving balance sheet, GSA agency, and single family rental business that produces many diverse income streams, which has allowed us to consistently grow our earnings and dividends in all cycles.
We remain continually keenly focused on maintaining a strong liquidity position with currently around $500 million in cash and liquidity on hand, in addition to roughly $450 million of deployable cash and [inaudible] all vehicles. This liquidity will provide us with the unique ability to maintain, remain offensive and take advantage of the many opportunities that will exist during this economic downturn to generate superior returns on our capital. Additionally, we have successfully operated our business through multiple cycles, and have a very seasoned experienced as a management team that positions us exceptionally well to succeed in this cycle as well. These are significant differentiating factors from the rest of our peer group, most of which have [inaudible] businesses that struggle to maintain their dividend, and lack the experience and expertise to manage through this downturn.
And this is why we believe we're superbly in positioned in a class by ourselves, and should trade a substantial premium at a much lower dividend yield than anyone in our peer group. Turning now to our second quarter, as Paul will discuss in more detail. Our quarterly financial results were once again remarkable. We produced distributable earnings of $0.52 per share, which is well in excess of our current dividend representing a payout ratio of around 75%.
Our financial results will also benefit greatly from rising interest rates, which will significantly increase the net interest income on our floating rate loan book, as well as earnings on our fiscal balances. And clearly, with this extremely low payout ratio and a strong earnings outlook, we are uniquely positioned as one of the only companies in our phase that can potentially continue to raise our dividend. In a balance sheet lending business, we had another strong quarter. As one of the top multifamily lenders in the industry, we we're able to grow our balance sheet loan book another 6% in the second quarter to $15 billion on $2.05 billion of loan originations.
We also continue to maintain a strong pipeline. I will be very selective with our originations for the second half of the year given the anticipated market slowdown. This will result in us producing more normalized volumes for the balance of the year, with superior quieter quality and higher spreads. In fact, as I mentioned earlier, we are heavily focused on maintaining a strong liquidity position to be able to take advantage of the many accretive opportunities we think will exist to garner premium yields on our capital.
As result, we recently decided to sell 300 million of multifamily bridge loans, which generated $90 million of fresh capital. We also retained a portion of the upfront origination fees, and all of the potential exit fees, as well as a 12.5 basis point servicing fee, and control all the take out of each loan, which is vital to our business strategy, as these balance sheet loans provide us with a pipeline for 2 to 3 years of new GSE agency loans, and produce additional long dated income streams. We've consistently been a leader in the sale of securitization market. The utilization of these vehicles has contributed greatly to our success by allowing us to appropriate match fund our assets with non-recourse, non-mark to market long-term debt, and generate attractive levered returns on our capital.
In the second quarter we closed another 1 billion CLO, with superior execution in a very challenging market, which clearly demonstrates our strong track record, brand recognition, portfolio quality, and securitization expertise. And with approximately 70% of our total debt outstanding CLOs, we're extremely well positioned and have no need to further access the CLO market in this dislocated environment. We also have replenishment features and pricing that are well below the car market in these vehicles that will allow us to recycle capital from our run off into higher yielding assets in today's environment and meaningfully increase 11 returns. And GSE agency and private label programs we originated $1.2 billion of loans in the second quarter.
We also have a robust pipeline which will give us confidence in our ability to produce consistent volumes for the rest of the year. Our GSE agency platform continues to offer a premium value as it requires limited capital and generates significant, long dated, predictable income streams, and produces significant annual cash flow. Additionally, our 27 billion GSE agencies service and portfolio is mostly prepayment protected, and generates approximately $117 million a year in reoccurring cash flow. This is in addition to the strong gain on sale margins we generate from our origination platform, and a significant increase in earnings on our [inaudible] balances that we're experiencing as interest rates continue to rise, which is unique to our platform, and will continue to greatly enhance our earnings and dividends.
In summary, we had another tremendous quarter. Allow us to once again increase our dividend. We strategically built our platform to operate successfully in all cycles with multiple products that produced many diverse income streams, providing us with a future annuity of high quality, long dated reoccurring earnings. We are also the premium multifamily originator in this phase, and are invested in the right asset classes with very stable liability structures and a well capitalized, which positions us extremely well to succeed in this environment, and continue to significantly outperform our peers.
I will now turn the call over to Paul to take you to our financial results.
Paul Elenio -- Chief Financial Officer
OK. Thank you. And as I mentioned, we have another exceptional quarter producing distributable items of $94 million or $0.52 per share. These results translated into industry high release again of approximately 17%, allowing us to once again increase our dividend for the 9th consecutive quarter to an annual run rate of $1.50 a share.
As I mentioned earlier, we made a strategic decision to sell some of our loans in order to bolster our liquidity and lending capacity. In the second quarter, we liquidated $110 million position we had in the construction project, generating $65 million of fresh capital, and recorded a GAAP loss of approximately $9.2 million. We did retain the ability to recover up $2.8 million loss in the future based on certain performance metrics. This loss was largely offset by two loans that paid off in full in the second quarter, which we previously had $2.7 million, a long loss reserves on that we ended up recovering.
And from the disposition of an asset in the second quarter related to one of our unconsolidated equity investments that resulted in a $6 million income pickup to us. Additionally, we closed on the sale of approximately 300 million of multifamily loans yesterday at park, generating an additional $90 million a cash. Recorded small GAAP loss in the second quarter on the sale of approximately $2 million as a portion of the origination fees we collected that were passed along to the buyer, have been accreted into income in the past, and needed to be reversed. As part of the sale, we did retain a 12.5 basis point annual servicing fee, which will increase our servicing annuity going forward by roughly $400 thousand a year.
In addition to any exit fee income, we may receive when these loans pay off. In our GSE agency business, we originated $1.2 billion of GSE loans, and recorded $1 billion in GSE loan sales in the second quarter. We generated margins on our GSE loan sales of 1.59% in the second quarter, which was up from 1.39% in the first quarter, mainly due to a greater percentage of FHA loan sales, which had a much higher margin. We also recorded $17.6 million of mortgage servicing rights income, related to $1.2 billion of committed loans in the second quarter, representing an average MSR rate of around 1.48% compared to 1.57% last quarter, mostly due to a greater mix of larger loans in the second quarter that contained lower servicing fees.
Our servicing portfolio was approximately $27 billion on June 30th, with a weighted average servicing fee of 44 basis points and as an estimated remaining life of nine years. This portfolio will continue to generate a predictable annuity of income going forward of around $117 million gross annually, which is down slightly from last quarter due to increased runoff on our portfolio from extensive sale activity as a result of the current market conditions. As a result of this runoff, prepayments for fees related to certain loans, our prepayment protection provisions continue to be elevated with $15 million of prepayment fees received in the second quarter, compared to $16 million in the first quarter. In our balance sheet lending operation, we grew up portfolio another 6% to $15 billion in the second quarter on $2 billion of new originations, our $15 billion investment portfolio had an all in yield of 5.2% at June 30th, compared to 4.74% at March 31st, mainly due to significant increases in labor and soft rates, which is partially offset by higher rates on runoff as compared to new originations during the quarter.
The average balance in our core investments increased to $14.6 billion this quarter from $13 billion last quarter, mainly due to the significant growth we experienced in both the first and second quarters. The average yield on these investments was 5.26% for the second quarter, compared to 4.86% for the first quarter due to increases in SOFR and LIBOR rate, which is partially offset by higher interest rates on runoff as compared to originations in the first and second quarters. Total debt on our core assets was approximately $13.8 billion at June 30th, with an all in debt costs of approximately 4%, which was up from a debt cost of around 2.81% at March 31st, again mainly due to increased LIBOR and SOFR rates. The average balance on our debt facilities is up to approximately $13.4 billion for the second quarter, from $12 billion for the first quarter, mostly due to financing the growth in our portfolio.
And the average cost of funds in our debt facilities was 3.10% for the second quarter, compared to 2.65% for the first quarter, primarily due to increases in the benchmark index rates in the second quarter. Our overall net issue spreads on our core assets decreased slightly to 2.16% this quarter, compared to 2.21% last quarter. And our overall spot net interest spreads were down slightly as well to 1.82% at June 30th from 1.93% at March 31st, mostly due to yield compression on newer originations as compared to last. Net interest income.
On the other hand, on a balance sheet loan book increased $10.8 million this quarter from portfolio growth and significant increases in LIBOR and SOFR rates during the quarter. And as the current line in SOFR curves are predicted to continue to increase, it's very important to note that any further increases in these rates will continue to increase the net interest income spreads on a floating rate loan book. In fact, all things remaining equal, a 1% increase in rates would produce approximately $0.10 a share annually in additional earnings. Additionally, as we mentioned earlier, we have $8 billion of CLO debt outstanding in average pricing of 163 older, which is well below the current market and will allow us to meaningfully increase the level of returns on our balance sheet loan originations.
And lastly, as rates rise, we will also continue to earn significantly more income from the large amount of [inaudible] balances we have, from our agency build business and balance sheet loan book. These earnings will grow substantially as we have approximately $2 billion [inaudible] balances that are now earning in excess of 1% or around $25 million annually, effective mid-July, which is up significantly from a run rate of approximately 10 million annually at 331 2022. And as I mentioned earlier, these features are unique to our business model, giving us confidence in our ability to continue to generate high quality, long dated, recurring earnings in the future. That completes our prepared remarks for this morning.
And I'll now turn it back to the operator to take any questions you may have this time. Chelsea.
Questions & Answers:
Operator
Thank you, sir. [Operator instruction] And we'll take our first question from Steve Delaney with JMP Securities. Your line is open.
Steve Delaney -- JMP Securities -- Analyst
Good morning, Ivan and Paul. Good to be with you. Now there's another excellent quarter. I did note the cautionary actions that you've taken in some of the remarks about not needing to push the envelope here, given the strength of the existing portfolio.
Referring to Ivan, your comment about no new CLOs at this point in time since they're so expanded in terms of spread. And then we, of course, noted the $300 million bridge loan sale, which is somewhat you I haven't noticed you guys selling structured loans that you've originated in previous times. So I guess first I'd like to know, am I correct in reading that those were not necessary steps that you're taking, but just things you're doing because you've already got a strong portfolio and it's no sense to to reach it at this point in time. Can you comment on that?
Paul Elenio -- Chief Financial Officer
Yeah. Let me address them separately. Hello market requires a tremendous amount of expertise, which we have. And in running the type of business that we have, and I've said it on many calls, we manage our CLO debt relative to outstanding debt in certain percentages.
And in our lowest 50 our high 75 in terms of percentage is a lot of debt to total debt. We're at 70% or roughly right now. If you're watching the market, you have many of our competitors trying to access the CLO debt that are out of balance relative to their bank loans to the sale of debt and are executing to horrendous levels on profitable levels. My comment is basically that we don't need to access a lot of debt.
We the right proportions. We have these embedded low cost structures in place that give us a huge competitive advantage. So we're sitting back and saying, we're the last one. To get the best execution in the market on $1 billion sale of that.
We're not in a position where we're forced to reassess that. So we're in one of the best positions in the market. So that's kind of where that comment or narrative was was based toward.
Steve Delaney -- JMP Securities -- Analyst
Yeah, that's helpful.
Paul Elenio -- Chief Financial Officer
Yeah. If you follow the people who have had to execute, they've had to lock in returns that are just unacceptable. But that's the way it is. So we're in a great position and we're very proud of that.
Steve Delaney -- JMP Securities -- Analyst
To your point there, your May CLO, you were able to execute it 236 over SOFR. And we just noticed earlier this week a June CLO multifamily CLO that was priced it to 280 to 450 basis points above. So obviously that is the case and I can understand why you are pushing up toward 300 over it's not economic to consider that at this time.
Paul Elenio -- Chief Financial Officer
It's not only not economic, but you're lacking in other liability structures and it's stuck with them for a while. You don't have to do it. Don't do it.
Steve Delaney -- JMP Securities -- Analyst
How you go up your of your 8 billion in CLO debt currently how much of that on a percentage basis is still in the reinvestment period?
Paul Elenio -- Chief Financial Officer
All of it is. All of it has an open reinvest. [inaudible] Run off all over the next year to run down.
Steve Delaney -- JMP Securities -- Analyst
I think our first one tips off in November. Which will be fully allocated with loans. And you got the benefit of that and they tip off over a period of time. So we're managing them, maximizing them.
And keep in mind, I think the average liability costs in that or what, Paul, in the160's?
Paul Elenio -- Chief Financial Officer
For that particular CLO or in total?
Steve Delaney -- JMP Securities -- Analyst
In total.
Paul Elenio -- Chief Financial Officer
In total, yeah. As I said in my commentary, were 163 over blended and that's even with the 230 CLO, we just did [inaudible] So we've got really low cost liabilities locked in. As Ivan said, every one of them has replenishment ability. Still one of them that's a small CLO burns off in November.
And the rest are, you know, late 23, 24. So we've got a lot of runway here to utilize that low cost to those low cost locked in vehicles to really enhance or meaningfully enhance our returns.
Steve Delaney -- JMP Securities -- Analyst
Yeah. That makes perfect sense. Yeah, go ahead. I'm sorry.
Paul Elenio -- Chief Financial Officer
Jumping to the next comment about selling some of our loans. We always like to test the market and see what the different flexibility levels are and have the right levers to generate liquidity when we want to generate it. And doing this loan sale was a great opportunity for us because we tested the market on selling our collateral. We retain service and retain a majority of our fees.
We're able to recycle close to $100 million, I think it was $90 million a capital, and they'll know that that's another way to generate liquidity we want to and still maintain a significant part of our economics. Most importantly, for a firm like us, retaining the servicing, getting a servicing fee, and staying facing with our client, and then potentially creating an agency loan on the back end. So fit our model very very well. Now, we've been preparing for this recession.
For the last year, we've done many many things, including this, to make sure that we're adequately positioned, given where we are today and even if there's going to be another shoe to drop, whether it does or not, to make sure that the firm has adequate liquidity to be offensive, not defensive. And these are all the moves that we've taken and put in place to get ourselves in the position we are.
Steve Delaney -- JMP Securities -- Analyst
Fantastic. I guess that could have also been structured as a senior participation, couldn't it, depending on who the buyer is.
Paul Elenio -- Chief Financial Officer
Yeah, but there are so many different ways to do it. So yes, testing the waters, we've got on our balance sheet so well, we've done a great job, we've used a lot of capital. And it was just another way for us to figure out if we want more capital at any point in time. [Inaudible]
Steve Delaney -- JMP Securities -- Analyst
Thank you both for the comments.
Operator
Thank you. Our next question will come from Richard Shane with J.P. Morgan. Your line is open.
Richard Shane -- J.P. Morgan -- Analyst
Hey, guys. Thanks for taking my question this morning. I'm just curious, in the current environment, with the movement in collateral values, with potential delays related to supply chain and labor shortages in terms of timelines on construction. And finally, any sort of vacancy absorption.
Is it realistic that we will see paper or loans stay on the balance sheet longer before they are migrated for agency sale?
Ivan Kaufman -- President and Chief Executive Officer
So, there's two ways to look at that. We actually think on our balance sheet there could be a facilitation agency execution. Because of the way the yield curve is. If people were borrowing 350 over 400 over.
[Inaudible] has risen to a level of with a bar cluster of 6%. You can execute on to agency, as, you know, maybe 150 to 175 over the ten year you have kind of an inverted yield curve. So we're seeing a lot of people we're talking for them to convert from off the balance sheet from a 6%, 5.5% to 6% pay rate would potentially move up and SOFR and more risks and cap costs into a ten year fixed rate of one quarter four and a half. So for those products that were put on a year ago, year and a half ago, I think we're going to see some real movement which is going to help maintain our agency volumes.
That's on that side of the point. And to our surprise, you have a ten year 275. That's a pretty low. So I think we'll see that happen maybe a little quicker than we thought.
On the new construction side. We've been talking to our clients over the last 12 months, because their costs were up 30%. So even though rents have risen well above historical levels, you know, historically, 3% to 5%, now you're seeing 10 to 20%. So some of those cost increases were offset by rent increases.
We've actually advised a lot of our clients to slow their construction, hold off. And they've done that. And now they're saying costs come back into line. I think there'll be a little bit of a delay with people on their construction timelines because they were waiting for costs to come into line.
But that's on a new construction site. So I think people's construction is going to be 6 to 9 months behind schedule. Their interest costs are going to be up a little bit, but their costs are going to be back in line. So that'll be a little slower.
Richard Shane -- J.P. Morgan -- Analyst
That's great. It's actually very helpful. Both parts of that answer are and I apologize, I think we've asked this before, but given the floating rate nature of the loans, do you require borrowers to take any interest rate protection in the form of caps.
Ivan Kaufman -- President and Chief Executive Officer
Yes. Our loans require caps. Some of them have spring caps. Most of the loans have a lot of caps.
And, of course, rates for moving up all these caps for, f they weren't in place, they were being put in place and that was the whole process. So a majority of our loans, a significant supermajority of volumes, have those caps.
Richard Shane -- J.P. Morgan -- Analyst
OK. Thank you so much, guys.
Operator
Thank you. Our next question will come from Stephen Laws with Raymond James. Your line is open.
Stephen Laws -- Raymond James -- Analyst
Hi. Good morning. Well, to follow up on Steve Delaney's question from CLO, but as older loans pay off and you're able to replenish those vehicles with with new production, how much incremental spread pickup is there on the new loans you're putting into those facilities?
Ivan Kaufman -- President and Chief Executive Officer
So let me give a little bit of an outlook, and I think this will be helpful. We have had, I think, eight price increases in the last nine months on our bridge pricing. That is it then over a period of time. So we think that our bridge pricing, which was a one point time, $300 to $350 overs range, is now $450, almost a full point.
So as loans pay off in those vehicles, we replace them with higher coupons. And Paul, you can really talk more about the math at this point.
Paul Elenio -- Chief Financial Officer
Yeah. So I think that's excellent color. And see, what we're seeing is that we've been targeting over the last year as things were quite competitive somewhere 10%, 11%, 11% returns, maybe -12$0. In the second quarter $2 billion we originate we actually got a 12% return on I think we got just under 11% in the first quarter.
And what I either and I was talking about the other day was the math is simple. When we got this 163 over spread CLO, and we're now price in deals at 4 to 450 over, one loans are paying off there with 3 350 over. And when we originate new loans at 4 50 over and putting them in those low cost vehicles, those returns can meaningfully move. You could you can end up from an 11% to 12% to 14% to a 15%.
And we're starting to see that migration now in the new product. And that's why in Ivan's commentary, we talked about being very selective in our loans going forward and really having more normalized volumes going forward in our balance sheet business. For instance, we think we originated we're about to close out July. We did about 230 million of new production in July.
Bridge wise, we have about 120 million a lower, but more meaningfully than the size of the number is that 230 is going to be higher credit quality and wider spreads and we're going to replace that into vehicles and really drive up the returns pretty meaningfully.
Ivan Kaufman -- President and Chief Executive Officer
And I think with that in mind, our outlook for the balance of the year is to try and manage our production to match our run off. And, you know, we're going to try and take advantage of these low cost vehicles and not have to access the loan market in a dislocated environment and try and maintain our balance sheet at a level that is high at this point in time.
Stephen Laws -- Raymond James -- Analyst
Appreciate the color, the math there's certainly powerful things turned over. Paul, I wanted to follow up on the repayment fees. I think you said 15 million this quarter. That was roughly flat from 16 million.
What are your expectations around that going forward? Just kind of given the moves and everything we saw in the second quarter, kind of how should we think. About what that will be on, go forward basis.
Paul Elenio -- Chief Financial Officer
Yeah, so a couple of things and we've talked about this for several quarters, Sephen, and it's been surprising, Ivan, and I have to say that you have two factors, right? We saw about a billion to run off in our servicing book in the second quarter. That was up from about a $1 billion in the first quarter. Fees were was somewhat flat, $16 to $15 million. But we've been talking internally, sales will certainly start to slow.
Right, if the market is changing. In fact, that July I can give you some color. We collected $1.5 million fees in July on $250 million. So if that's any indication of what's to come, the numbers will be significantly down and they'll be significantly down for two reasons.
One, sales volume is going to slow and already has started to in July and to as rates rise with so forth. Sitting at 230 in labor, sitting at 237 year maintenance is a product of rates, right? So as rates rise, your maintenance turns to go down and sometimes even go away. But the good news is we'll be able to retain that in our portfolio and clip that servicing coupon, which is a long term annuity that we love. So I do expect sales to decline significantly and I do expect prepayment fees to come down significantly.
Having said that, because of the size of our book, we're still going to have some of those fees. And again, 1.5 in July. If you annualize that, maybe it's 4.5, or I don't know what the number is, but it's not $15 million going forward.
Stephen Laws -- Raymond James -- Analyst
That's helpful. Paul, thanks for the color in quantifying that course. Appreciate your time this morning. No problem.
Operator
Our next question will come from Jade Rahmani with KBW. Your line is open.
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
Thank you very much. Considering the growth in the balance sheet portfolio, you all achieved the bridge loan portfolio over the last several quarters and the current change in valuations in real estate. How are you feeling about the credit quality of the existing portfolio and the outlook there?
Ivan Kaufman -- President and Chief Executive Officer
I think, what I mentioned earlier, Jade, that we had eight price increases over the last nine months commensurate with that. We also adjusted our underwriting standards step by step by step. We've adjusted them by having lower LTV. I think our LTV from nine months ago till now on a originations basis probably seven percentage points less.
We've adjusted our exit tests because as we've talked on this call, when we do a bridge loan, every bridge loan is underwritten to agency execution and final take out. So we kept adjusting those underwriting standards. So we feel very comfortable with the books that we've put on over the last nine months. In addition, a lot of our loans have, you know, a lot of different, you know, rebalance and test that have good structural enhancements.
So we're real comfortable with what we have in place, and the way we manage our book, and the features on them, and our asset management capability. So, we've begun to go through our portfolio. We've begun to work with our borrowers, and making sure that they have, you know, adequate interest reserves and replenishments to take into consideration the rise in interest rates and, you know, where we're comfortable with the way we're running our book.
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
Thanks very much. Thanks very much for that. And on the multifamily rent growth side, it seems that rents are continuing to be very robust in the market across the servicing portfolio and the bridge loan portfolio in your surveillance, are you seeing continued strong rent growth and are you seeing the transitional loans, those projects hit their business plans?
Ivan Kaufman -- President and Chief Executive Officer
I think that the growth so far exceeded all of our underwriting and our expectations. I mean, you're seeing 10% to 20% rent growth. You're seeing people not having to use their renovation dollars to turn their units and still get their rent growth. So the rent growth story is still strong.
I would put a caution on that, a little different than the rest of the marketplace, having been through a lot of cycles. I think if you're looking at a recession we're going to a lower rent growth going forward, we're also going to a little bit higher an economic vacancy. So we're still optimistic about what's in the portfolio in the right roles, but we are proceeding with some level of caution for 2023 with, you know, probably flat 3% rent growth and, you know, 1 to 2 points higher in economic vacancy. That's how we're looking at our 2023.
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
And under that scenario, what kind of delinquency rates or default rates does that imply? Anything, you know, material nominal.
Ivan Kaufman -- President and Chief Executive Officer
Not anything, not significant, not anything that we can't handle and not anything that's not within our capital projections.
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
And so far, the color that we've gotten from other mortgage rates as well as diversified rates recover is a decline in values somewhere in the 5% to 10% range and increase in cap rates somewhere in perhaps the 30 to 60 basis point range. Do you concur with that or think that's maybe overly optimistic?
Ivan Kaufman -- President and Chief Executive Officer
I think that's overly optimistic. I think that values are all focused on the marketplace in a lot of areas on the market and the types of collateral. And I think cap rates are up 50 basis points is probably the right level and low mark is probably 75. So we are aware a lot of more conservative and you know, we've been a lot more conservative, a lot more dissipation of the slowdown in the market began 9 to 12 months ago.
So recently we've seen the other stuff that.
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
Thanks very much. Lastly, when you look at the bond market, the Treasury market is behaving,binterestingly, and I think people are surprised by how low, yields are, particularly just, say, the ten year treasury. Are there rates that you look at that are more indicative, maybe a proxy versus the high yield bond market or where CMBS is trading for CLOs What do you think we should be focused on to gauge the health of the commercial real estate finance markets?
Ivan Kaufman -- President and Chief Executive Officer
Well, you know, right now. If you're looking at the liquidity in the CMBS market and the sale on market, it's taken a significant, change. And as we said, we wouldn't want to execute CLO market today. I'm not sure whether it gets worse before it gets better.
We're not thinking the CLO on market is something we would execute until at least for another 6 to 9 months. We'd have to see triple A on this CLO market get down to below two for us to feel attractive, and that would be kind of a return to some normalcy. So the CMBS market, as you know, is not something that one would want to execute into in the near term. So we'll see over the next 3 to 6 months if they return to a normalized level.
These are not normalized levels.
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
And do you think acquiring securities is interesting, acquiring triple A's or other pieces of the capital stack and some of these still deals?
Ivan Kaufman -- President and Chief Executive Officer
Yeah. Listen, we'd love to be in a position on something we'll explore as to whether we can put together some funds to start to acquire subordinate classes. And this fellow market where the ability to understand the underlying assets better than most. As well as the structures.
So we think somebody somewhere in their classes are trading, you know, they went off at 400 over 350 over. You can probably buy them at, you know, 800. And we think that's that's a good trade. It's something that we'd love to do as a firm.
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
Thanks very much. Well, certainly in the past, Arbor has been creative at putting together opportunistic strategy. So look forward to seeing that. Thanks a lot.
Operator
Thank you. Our next question will come from Crispin Love with Piper Sandler. Your line is open.
Crispin Love -- Piper Sandler -- Analyst
Thank you. Good morning. Congrats on a great quarter here. First one on just core expenses.
Core expenses looks to be very well contained during the quarter. So I'm curious if there's anything that you did proactively here to keep them under control, especially on the compensation side or if there's any other areas to call out.
Paul Elenio -- Chief Financial Officer
So let me just do it at a high level. And then maybe if I want to chime in, you can. So you have to look at the numbers comparatively, Crispin. So yeah, last quarter I think we put up about $57 million in comp in G&A combined this quarter to $57.
But there's some some variable items in there that you've got to strip out and kind of compare. So commissions were, you know, about $6.5 million last quarter. They were about %5 million this quarter sat a million and a half change. And that's variable based on where volumes are.
Obviously, we had more sale volume last quarter on the agency side because of an APL trade that we were able to get off. And then stock stock comp was $6 million last quarter and is only $3 million this quarter because there are a lot of onetime grants that we give to our employees in March of the year as part of their complex. And when you strip all that out comp and G&A came in about $44 million this quarter, and it came in about $46 million last quarter without those variable items. So it is down $2 million.
Most of that is because of the [inaudible] The first quarter is always a little bit elevated because you have the [inaudible] cap that you've got to hit on the bonuses for the executives. And then that comes down. But having said all that, I think we've done a really good job of maintaining our staff, maintaining our cost. We've been preparing for the cycle for some time.
And although I guided to probably have in Cartagena up 15% on last quarter's call year over year, I think it's more like 10% now and maybe we'll even do better than that. But yeah, we've done a good job of making sure that we're only growing our staff in the areas that we think are meaningful, the asset management side, the servicing side, and that's the reason the numbers are where they are.
Crispin Love -- Piper Sandler -- Analyst
OK. Great. Thanks.
Ivan Kaufman -- President and Chief Executive Officer
Just to comment on that, we're in a very different environment than we were a year or two years ago, where this industry was inundated with massive volumes and. Everybody have to do what they can to retain their staff as well as attract staff. And costs were getting out of control. So clearly there were outsized things that were not in the normal course of business, but, volumes were big enough to offset that.
I think we're going into a more normalized environment. I think you'll see us being in a very good position. Do a better job at, managing our costs, and our productivity. So.
We look forward to getting back to normal in that sense.
Crispin Love -- Piper Sandler -- Analyst
Great. Thank you, Ivan. That all helpful. And then I appreciate your commentary earlier on originations in the structured business.
I'm just curious and get a little bit of a finer point on it. So if I kind of start with the second quarter, that $2.05 billion kind of divided by 3 is about 680 per month, which was a little bit below your 800 that you talked about last quarter. So first, I'm just curious on how originations trended through the quarter. And then in that $230 million that you talked about for July kind of a third kind of jumping off point for for the next few quarters.
Ivan Kaufman -- President and Chief Executive Officer
Yeah. I want to give a little color and maybe this will help on the credit conversation as well. Some of the comments were geared toward us. We had a very, very large pipeline, you know, going in to the last, you know, 3 to 4 months.
Um, and we were scheduled to probably cause, you know, $750 to $1 billion a month. A pipeline was probably one of the larger points. And we took a extraordinarily active approach with Arbors, letting them know that their loans had to be resized. Because,, rates had gone up.
Guys had adjusted. You know, where we're a lender, we're not a broker, and we own the risk on our loans. We worked very hard with the bars to either go back and get a price reduction or recapitalize our loans with, you know, anywhere between five and 10% more. As a result of that, we had, a massive fallout in the pipeline because they understood what our guidance and values were different than what they went to contract under.
So we were able to really shrink the number of loans that we needed to close to a very, very considerable pace, 50% even more. My comment in terms of my outlook going forward is that we're expecting anywhere between on the low side, $100 million a run off per month of $400 million on the high side. What kind of portfolio. So, you know, more normalized 2 to 300 million of runoff a month.
That's probably the level in which we will look to originate for the balance of the year. We think it's a healthy level and we think. That's a level that's appropriate for our capital and still maintain a leading position as a balance sheet originator and. So that's how I would look at the outlook at the present time, given the environment.
That, of course, could change, but that's on to the current scenario. Paul, you want to give any color on that?
Paul Elenio -- Chief Financial Officer
That's exactly \what we're doing, because we're not where we came in to 34 July 120 million, a runoff with a little light runoff in July. But Ivan's right, where we're estimating anywhere $2 to $300 million a month in British production, but we're going to be managing that against our runoff to keep our portfolio kind of constant, to maybe growing a little bit. And things can change. But that's that's our run rate right now.
Crispin Love -- Piper Sandler -- Analyst
Great. Thank you. That's all really helpful. Kind of the idea is you're looking more.
Maintaining the portfolio here, just given the environment rather than increasing it like you have.
Ivan Kaufman -- President and Chief Executive Officer
It and recycle it into higher rate loans as well. That's very important. So while while the portfolio may not grow substantially for the balance of the year, the levered returns will grow because we're putting our capital out at higher returns and financing them in these well, of course, vehicles we have that really drive up that returns.
Operator
Thank you. I'd now like to hand the call back over to Mr. Ivan Kaufman for any closing or additional remarks by.
Ivan Kaufman -- President and Chief Executive Officer
Well, that concludes our call today. I appreciate everybody's participation. Clearly, these are adjusting times and changing times,, which we feel we are extremely well positioned. We're pleased to have once again increased our dividend.
Which which is. A remarkable effort. Um, and result. I look forward to next quarter's call.
Have a great have a great rest of the summer, everybody.
Operator
[Operator signoff]
Duration: 0 minutes
Call participants:
Paul Elenio -- Chief Financial Officer
Ivan Kaufman -- President and Chief Executive Officer
Steve Delaney -- JMP Securities -- Analyst
Richard Shane -- J.P. Morgan -- Analyst
Stephen Laws -- Raymond James -- Analyst
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
Crispin Love -- Piper Sandler -- Analyst
More ABR analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (NYSE: ABR) Q2 2022 Earnings Call Jul 29, 2022, 10:00 a.m. Operator [Operator signoff] Duration: 0 minutes Call participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- President and Chief Executive Officer Steve Delaney -- JMP Securities -- Analyst Richard Shane -- J.P. Morgan -- Analyst Stephen Laws -- Raymond James -- Analyst Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst Crispin Love -- Piper Sandler -- Analyst More ABR analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. We strategically built our platform to operate successfully in all cycles with multiple products that produced many diverse income streams, providing us with a future annuity of high quality, long dated reoccurring earnings. | Operator [Operator signoff] Duration: 0 minutes Call participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- President and Chief Executive Officer Steve Delaney -- JMP Securities -- Analyst Richard Shane -- J.P. Morgan -- Analyst Stephen Laws -- Raymond James -- Analyst Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst Crispin Love -- Piper Sandler -- Analyst More ABR analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Arbor Realty Trust (NYSE: ABR) Q2 2022 Earnings Call Jul 29, 2022, 10:00 a.m. Our GSE agency platform continues to offer a premium value as it requires limited capital and generates significant, long dated, predictable income streams, and produces significant annual cash flow. | Operator [Operator signoff] Duration: 0 minutes Call participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- President and Chief Executive Officer Steve Delaney -- JMP Securities -- Analyst Richard Shane -- J.P. Morgan -- Analyst Stephen Laws -- Raymond James -- Analyst Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst Crispin Love -- Piper Sandler -- Analyst More ABR analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Arbor Realty Trust (NYSE: ABR) Q2 2022 Earnings Call Jul 29, 2022, 10:00 a.m. We also recorded $17.6 million of mortgage servicing rights income, related to $1.2 billion of committed loans in the second quarter, representing an average MSR rate of around 1.48% compared to 1.57% last quarter, mostly due to a greater mix of larger loans in the second quarter that contained lower servicing fees. | Operator [Operator signoff] Duration: 0 minutes Call participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- President and Chief Executive Officer Steve Delaney -- JMP Securities -- Analyst Richard Shane -- J.P. Morgan -- Analyst Stephen Laws -- Raymond James -- Analyst Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst Crispin Love -- Piper Sandler -- Analyst More ABR analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Arbor Realty Trust (NYSE: ABR) Q2 2022 Earnings Call Jul 29, 2022, 10:00 a.m. And as the current line in SOFR curves are predicted to continue to increase, it's very important to note that any further increases in these rates will continue to increase the net interest income spreads on a floating rate loan book. |
29924.0 | 2022-07-29 00:00:00 UTC | Arbor Realty Trust (ABR) Q2 Earnings and Revenues Beat Estimates | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-q2-earnings-and-revenues-beat-estimates | nan | nan | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 20.93%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.44 per share when it actually produced earnings of $0.55, delivering a surprise of 25%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $201.33 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 9.79%. This compares to year-ago revenues of $105.15 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Arbor Realty Trust shares have lost about 10.4% since the beginning of the year versus the S&P 500's decline of -14.6%.
What's Next for Arbor Realty Trust?
While Arbor Realty Trust has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Arbor Realty Trust: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $204.44 million in revenues for the coming quarter and $1.86 on $773.65 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Cherry Hill Mortgage (CHMI), is yet to report results for the quarter ended June 2022. The results are expected to be released on August 3.
This residential real estate finance company is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of +7.1%. The consensus EPS estimate for the quarter has been revised 3.7% higher over the last 30 days to the current level.
Cherry Hill Mortgage's revenues are expected to be $3.96 million, down 40.4% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.43 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.43 per share. Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $201.33 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 9.79%. | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.43 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $201.33 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 9.79%. | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.43 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report The company has topped consensus revenue estimates four times over the last four quarters. |
29925.0 | 2022-07-27 00:00:00 UTC | Blackstone Mortgage Trust (BXMT) Q2 Earnings and Revenues Top Estimates | ABR | https://www.nasdaq.com/articles/blackstone-mortgage-trust-bxmt-q2-earnings-and-revenues-top-estimates | nan | nan | Blackstone Mortgage Trust (BXMT) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 9.84%. A quarter ago, it was expected that this real estate finance company would post earnings of $0.63 per share when it actually produced earnings of $0.62, delivering a surprise of -1.59%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Blackstone Mortgage, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $147.07 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 11.85%. This compares to year-ago revenues of $113.95 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Blackstone Mortgage shares have lost about 4.2% since the beginning of the year versus the S&P 500's decline of -17.7%.
What's Next for Blackstone Mortgage?
While Blackstone Mortgage has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Blackstone Mortgage: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.65 on $142.1 million in revenues for the coming quarter and $2.56 on $557.83 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Arbor Realty Trust (ABR), has yet to report results for the quarter ended June 2022. The results are expected to be released on July 29.
This real estate investment trust is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of -4.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Arbor Realty Trust's revenues are expected to be $183.38 million, up 74.4% from the year-ago quarter.
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Blackstone Mortgage Trust, Inc. (BXMT): Free Stock Analysis Report
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To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the same industry, Arbor Realty Trust (ABR), has yet to report results for the quarter ended June 2022. Arbor Realty Trust (ABR): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Arbor Realty Trust (ABR): Free Stock Analysis Report Another stock from the same industry, Arbor Realty Trust (ABR), has yet to report results for the quarter ended June 2022. Blackstone Mortgage, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $147.07 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 11.85%. | Another stock from the same industry, Arbor Realty Trust (ABR), has yet to report results for the quarter ended June 2022. Arbor Realty Trust (ABR): Free Stock Analysis Report Blackstone Mortgage Trust (BXMT) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.61 per share. | Another stock from the same industry, Arbor Realty Trust (ABR), has yet to report results for the quarter ended June 2022. Arbor Realty Trust (ABR): Free Stock Analysis Report The company has topped consensus revenue estimates three times over the last four quarters. |
29926.0 | 2022-07-27 00:00:00 UTC | Arbor Realty Trust (NYSE:ABR) stock performs better than its underlying earnings growth over last five years | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-nyse%3Aabr-stock-performs-better-than-its-underlying-earnings-growth-over | nan | nan | Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. And while active stock picking involves risks (and requires diversification) it can also provide excess returns. To wit, the Arbor Realty Trust share price has climbed 88% in five years, easily topping the market return of 52% (ignoring dividends).
Since it's been a strong week for Arbor Realty Trust shareholders, let's have a look at trend of the longer term fundamentals.
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
Over half a decade, Arbor Realty Trust managed to grow its earnings per share at 12% a year. So the EPS growth rate is rather close to the annualized share price gain of 13% per year. Therefore one could conclude that sentiment towards the shares hasn't morphed very much. Indeed, it would appear the share price is reacting to the EPS.
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
NYSE:ABR Earnings Per Share Growth July 27th 2022
We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. This free interactive report on Arbor Realty Trust's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
What About Dividends?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Arbor Realty Trust the TSR over the last 5 years was 200%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
A Different Perspective
Although it hurts that Arbor Realty Trust returned a loss of 5.7% in the last twelve months, the broader market was actually worse, returning a loss of 15%. Of course, the long term returns are far more important and the good news is that over five years, the stock has returned 25% for each year. It could be that the business is just facing some short term problems, but shareholders should keep a close eye on the fundamentals. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. To that end, you should learn about the 2 warning signs we've spotted with Arbor Realty Trust (including 1 which is concerning) .
Arbor Realty Trust is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | NYSE:ABR Earnings Per Share Growth July 27th 2022 We like that insiders have been buying shares in the last twelve months. Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. To wit, the Arbor Realty Trust share price has climbed 88% in five years, easily topping the market return of 52% (ignoring dividends). | NYSE:ABR Earnings Per Share Growth July 27th 2022 We like that insiders have been buying shares in the last twelve months. Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. | NYSE:ABR Earnings Per Share Growth July 27th 2022 We like that insiders have been buying shares in the last twelve months. To wit, the Arbor Realty Trust share price has climbed 88% in five years, easily topping the market return of 52% (ignoring dividends). As well as measuring the share price return, investors should also consider the total shareholder return (TSR). | NYSE:ABR Earnings Per Share Growth July 27th 2022 We like that insiders have been buying shares in the last twelve months. To wit, the Arbor Realty Trust share price has climbed 88% in five years, easily topping the market return of 52% (ignoring dividends). We note that for Arbor Realty Trust the TSR over the last 5 years was 200%, which is better than the share price return mentioned above. |
29927.0 | 2022-07-21 00:00:00 UTC | Validea John Neff Strategy Daily Upgrade Report - 7/21/2022 | ABR | https://www.nasdaq.com/articles/validea-john-neff-strategy-daily-upgrade-report-7-21-2022 | nan | nan | The following are today's upgrades for Validea's Low PE Investor model based on the published strategy of John Neff. This strategy looks for firms with persistent earnings growth that trade at a discount relative to their earnings growth and dividend yield.
NEXSTAR MEDIA GROUP INC (NXST) is a mid-cap value stock in the Broadcasting & Cable TV industry. The rating according to our strategy based on John Neff changed from 60% to 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Nexstar Media Group, Inc. (Nexstar) is a diversified media company with television broadcasting, television network and digital media assets, interactive community websites and digital media services operating in the United States. Its segment includes Broadcast and Other. The Broadcast segment includes television stations and related community focused websites that Nexstar owns, operates, programs or provides sales and other services in various markets across the United States; NewsNation, a live daily national newscast and a national general entertainment cable network, digital multicast network services; and WGN-AM, a Chicago radio station. The other segment activities include corporate functions; the management of certain real estate assets, including revenues from leasing certain owned office and production facilities; and digital businesses. Its digital businesses include video and display advertising platforms that are delivered locally & nationally through own Websites, others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: FAIL
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of NEXSTAR MEDIA GROUP INC
Full Guru Analysis for NXST
Full Factor Report for NXST
ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. The rating according to our strategy based on John Neff changed from 58% to 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arbor Realty Trust, Inc. is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily, single-family rental (SFR) and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages and preferred and direct equity. The Company operates in two segments: Structured Business and Agency Business. It also invests in real estate-related joint ventures and in real estate-related notes and certain mortgage-related securities. The Company is focused on investment types, which include Bridge Financing, Preferred Equity Investments, Mezzanine Financing, Junior Participation Financing, Single-Family Rental Portfolio Financing, Structured Transactions, government-sponsored enterprises (GSE) and Housing and Urban Development (HUD) Agency Lending and Private Label. It also underwrites, originate and service long-term permanent fixed rate loans on SFR properties.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: FAIL
EPS PERSISTENCE: FAIL
Detailed Analysis of ARBOR REALTY TRUST INC
Full Guru Analysis for ABR
Full Factor Report for ABR
MAGNOLIA OIL & GAS CORP (MGY) is a mid-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on John Neff changed from 62% to 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Magnolia Oil & Gas Corporation is an oil and natural gas company. It is engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. Its oil and natural gas properties are located primarily in Karnes County and the Giddings area in South Texas, where it targets the Eagle Ford Shale and Austin Chalk formations. The Company's assets consist of a total leasehold position of approximately 683,145 gross (471,263 net) acres, including 43,511 gross (23,785 net) acres in the Karnes area and 639,634 gross (447,478 net) acres in the Giddings area. The Karnes County Assets are located in Karnes, Gonzales, DeWitt, and Atascosa Counties, Texas, in the core of the Eagle Ford Shale. The acreage comprising the Karnes County Assets also includes the Austin Chalk formation overlying the Eagle Ford Shale. The Giddings Assets are located in Austin, Brazos, Burleson, Fayette, Lee, Grimes, Montgomery, and Washington Counties, Texas.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: FAIL
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of MAGNOLIA OIL & GAS CORP
Full Guru Analysis for MGY
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More details on Validea's John Neff strategy
About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. He was mild-mannered and low-key, and the same might be said of the Windsor Fund that he managed for more than three decades. In fact, Neff himself described the fund as "relatively prosaic, dull, [and] conservative." There was nothing dull about his results, however. From 1964 to 1995, Neff guided Windsor to a 13.7 percent average annual return, easily outpacing the S&P 500's 10.6 percent return during that time. That 3.1 percentage point difference is huge over time -- a $10,000 investment in Windsor (with dividends reinvested) at the start of Neff's tenure would have ended up as more than $564,000 by the time he retired, more than twice what the same investment in the S&P would have yielded (about $233,000). Considering the length of his tenure, that track record may be the best ever for a manager of such a large fund.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of NEXSTAR MEDIA GROUP INC Full Guru Analysis for NXST Full Factor Report for NXST ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR MAGNOLIA OIL & GAS CORP (MGY) is a mid-cap value stock in the Misc. The Company invests in a portfolio of structured finance assets in the multifamily, single-family rental (SFR) and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages and preferred and direct equity. | Detailed Analysis of NEXSTAR MEDIA GROUP INC Full Guru Analysis for NXST Full Factor Report for NXST ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR MAGNOLIA OIL & GAS CORP (MGY) is a mid-cap value stock in the Misc. Company Description: Nexstar Media Group, Inc. (Nexstar) is a diversified media company with television broadcasting, television network and digital media assets, interactive community websites and digital media services operating in the United States. | Detailed Analysis of NEXSTAR MEDIA GROUP INC Full Guru Analysis for NXST Full Factor Report for NXST ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR MAGNOLIA OIL & GAS CORP (MGY) is a mid-cap value stock in the Misc. Company Description: Nexstar Media Group, Inc. (Nexstar) is a diversified media company with television broadcasting, television network and digital media assets, interactive community websites and digital media services operating in the United States. | Detailed Analysis of NEXSTAR MEDIA GROUP INC Full Guru Analysis for NXST Full Factor Report for NXST ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR MAGNOLIA OIL & GAS CORP (MGY) is a mid-cap value stock in the Misc. The following are today's upgrades for Validea's Low PE Investor model based on the published strategy of John Neff. |
29928.0 | 2022-07-21 00:00:00 UTC | Seeking at Least 10% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy | ABR | https://www.nasdaq.com/articles/seeking-at-least-10-dividend-yield-analysts-suggest-2-dividend-stocks-to-buy-0 | nan | nan | Just where is the stock market going, that’s the question investors are trying to answer. The answer isn’t fully clear, though; markets have fallen for most of this year, but the last few days have seen the best trading in weeks. The problem is, investors and economists aren’t sure if we’re at a true bottom or just in the midst of a bear market rally.
What happens next is anyone’s guess, but the history of bears and rallies can offer some suggestions. Looking back to the end of the Second World War, single-day S&P rallies of more than 2.76%, as we saw this week, are hardly rare – but 65% of them came during bear markets, and most of those came before the true bottom was found.
If that is true, then investors should start looking for the defensive plays that will protect them when the markets shift downward again.
High-yield dividends are customary move in that regard – and we’ve found two dividend stocks in the TipRanks database that are yielding 10% or better. That’s some 5x higher than average, and yields don’t get much better than that. Even better or investors, both stocks also feature Buy ratings from the Street’s analysts and double-digit share gain potential for the year ahead. It’s a combination that presents a clear advantage for defensive investors.
Arbor Realty Trust (ABR)
We’ll start in the real estate sector, with Arbor Realty Trust. This company focuses on providing funding for developers of multifamily residences, which, with commercial properties, make up the bulk of Arbor’s business. Arbor also works with Fannie Mae and Freddie Mac on loan funding.
Even though the real estate market is stating to cool off – an effect of high inflation and rising interest rates – Arbor can fall back on recent solid financial performances. In the most recent reported quarter, for 1Q22, the company beat the earnings forecast by a wide margin. EPS came in at 55 cents, well above the 45-cent estimates. The gains in earnings were driven by a 17% portfolio growth.
Sound earnings have allowed Arbor to not just maintain a reliable dividend over an extended period of time, but to increase it, making ABR one of the market’s best dividend stocks. The company has raised its common share dividend payment in each of the last 8 consecutive quarters – and over that time, the increases have added up to a 27% increase in the dividend payment. The current payout is set at 38 cents per common share, which annualizes to $1.58 and gives a yield of 10.2%. That is a 1.1% higher than June’s 9.1% inflation rate – an important point for investors to consider.
Analyst Crispin Love, writing from Piper Sandler, describes Arbor as a ‘rock solid’ dividend payer, and writes of the stock: “Arbor is the key player where we have the most conviction in its current dividend as well as increases over the next several quarters to go along with eight consecutive increases from 3Q20 to 2Q22. In addition to the increases, ABR has handily covered the divided with distributable earnings, has among the lowest payout ratios in the industry at 70%, and has a diversified model and scale to weather uncertainty in the economy."
At the bottom line, Love says, “We are confident that ABR will sustain its dividend even if we were to dip into a recession.”
These are not the comments of an analyst who has any doubts, and Love gives Arbor an Overweight (i.e. Buy) rating, with a $17 price target that suggests an upside of 15.5% in the next 12 months. Based on the current dividend yield and the expected price appreciation, the stock has ~26% potential total return profile. (To watch Love’s track record, click here)
Overall, Arbor get a unanimous thumbs up from the analyst consensus, with 3 recent Buy reviews adding up to a Strong Buy rating. The shares are selling for $14.69 and their average price target of $19.67 is even more bullish than Love would allow, implying a 34% one-year upside. (See Arbor stock forecast on TipRanks)
New Residential Investment (NRZ)
Sticking with the real estate investment trusts, or REITs, we’ll turn now to New Residential. This REIT is deeply involved in the market for residential properties and mortgage loans, and has an investment portfolio that exceeds $7.4 billion. The largest part of this comes from mortgage services, the second largest is MSR related investments, and the third largest is loan origination. Together, these segments make up 74% of the company's total portfolio.
And that portfolio has been profitable for the company. Diluted GAAP EPS grew substantially quarter-over-quarter, from 33 cents in 4Q21 to $1.37 in 1Q22. In total terms, that was increase from $160.4 million to $661.9 million. Core earnings for the quarter came to 37 cents per share, based on a total of $177.4 million. New Residential also reported having $1.67 billion in cash and liquid assets at the end of the first quarter, and important asset for the company to fall back on should the real estate market turn south.
In an interesting note, in June, the company announced that it has entered agreements to convert to an internally managed REIT, a move which the company estimates will save $60 million to $65 million per year, or 12 cents to 13 cents per share going forward. Right now, the move will cost the company $400 million in management termination fees, payable in three tranches over the remainder of this year. Along with the conversion to internal management, New Residential will rebrand itself as Rithm Capital, with a new ticker RITM to take effect on August 2.
For now, investors should remember that the company’s cash holdings earnings and cash holdings are effectively guaranteeing the dividend. The current payment is 25 cents per common share, which makes 1Q22 the fourth quarter in a row that the dividend has been declared at this rate. The key point of the dividend, however, is the yield. At $1 per common share, the dividend is currently yielding 10%.
RBC Capital 5-star analyst Kenneth Lee has reviewed this stock in detail, and his take on it, for now, is that the internal management conversion and rebranding will come to a net positive. Lee writes, “We think many investors generally view internally-managed structures as potentially having much stronger alignment of interests between management and shareholders than externally-managed structures.”
Going on, Lee adds, “Looking further out, the rebranding of NRZ as Rithm Capital reflects ongoing diversification of NRZ's business model and investment portfolio such that it is not just a residential-focused mortgage REIT. Management indicated there are plenty of attractive opportunities, and NRZ has $1.6bn of cash and available liquidity on balance sheet.”
With an outlook like that, it should be no surprise that Lee sides with the bulls on this stock. His comments come with an Outperform (i.e. Buy) rating, and a $13 price target that indicates potential for 30% share growth on the one-year time horizon. (To watch Lee’s track record, click here)
All in all, this stock has picked up 5 analyst reviews lately, with 4 saying Buy and 1 saying Sell, giving NRZ a Moderate Buy consensus rating. The average price target of $12.65 suggests ~27% upside from the current trading price of $9.98. (See NRZ stock forecast on TipRanks)
To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In addition to the increases, ABR has handily covered the divided with distributable earnings, has among the lowest payout ratios in the industry at 70%, and has a diversified model and scale to weather uncertainty in the economy." Arbor Realty Trust (ABR) We’ll start in the real estate sector, with Arbor Realty Trust. Sound earnings have allowed Arbor to not just maintain a reliable dividend over an extended period of time, but to increase it, making ABR one of the market’s best dividend stocks. | Arbor Realty Trust (ABR) We’ll start in the real estate sector, with Arbor Realty Trust. Sound earnings have allowed Arbor to not just maintain a reliable dividend over an extended period of time, but to increase it, making ABR one of the market’s best dividend stocks. In addition to the increases, ABR has handily covered the divided with distributable earnings, has among the lowest payout ratios in the industry at 70%, and has a diversified model and scale to weather uncertainty in the economy." | Sound earnings have allowed Arbor to not just maintain a reliable dividend over an extended period of time, but to increase it, making ABR one of the market’s best dividend stocks. Arbor Realty Trust (ABR) We’ll start in the real estate sector, with Arbor Realty Trust. In addition to the increases, ABR has handily covered the divided with distributable earnings, has among the lowest payout ratios in the industry at 70%, and has a diversified model and scale to weather uncertainty in the economy." | Arbor Realty Trust (ABR) We’ll start in the real estate sector, with Arbor Realty Trust. Sound earnings have allowed Arbor to not just maintain a reliable dividend over an extended period of time, but to increase it, making ABR one of the market’s best dividend stocks. In addition to the increases, ABR has handily covered the divided with distributable earnings, has among the lowest payout ratios in the industry at 70%, and has a diversified model and scale to weather uncertainty in the economy." |
29929.0 | 2022-07-20 00:00:00 UTC | Arbor Realty Trust (ABR) Outpaces Stock Market Gains: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-outpaces-stock-market-gains%3A-what-you-should-know-3 | nan | nan | Arbor Realty Trust (ABR) closed at $14.89 in the latest trading session, marking a +0.74% move from the prior day. This change outpaced the S&P 500's 0.59% gain on the day. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.07%.
Prior to today's trading, shares of the real estate investment trust had gained 14.31% over the past month. This has outpaced the Finance sector's gain of 4.65% and the S&P 500's gain of 7.25% in that time.
Investors will be hoping for strength from Arbor Realty Trust as it approaches its next earnings release. On that day, Arbor Realty Trust is projected to report earnings of $0.43 per share, which would represent a year-over-year decline of 4.44%. Meanwhile, our latest consensus estimate is calling for revenue of $183.38 million, up 74.39% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.86 per share and revenue of $773.65 million. These totals would mark changes of -7.46% and +65.99%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Arbor Realty Trust. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Arbor Realty Trust currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Arbor Realty Trust is currently trading at a Forward P/E ratio of 7.95. This valuation marks a discount compared to its industry's average Forward P/E of 8.69.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 139, which puts it in the bottom 45% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed at $14.89 in the latest trading session, marking a +0.74% move from the prior day. Arbor Realty Trust (ABR): Free Stock Analysis Report On that day, Arbor Realty Trust is projected to report earnings of $0.43 per share, which would represent a year-over-year decline of 4.44%. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $14.89 in the latest trading session, marking a +0.74% move from the prior day. On that day, Arbor Realty Trust is projected to report earnings of $0.43 per share, which would represent a year-over-year decline of 4.44%. | Arbor Realty Trust (ABR) closed at $14.89 in the latest trading session, marking a +0.74% move from the prior day. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust currently has a Zacks Rank of #3 (Hold). | Arbor Realty Trust (ABR) closed at $14.89 in the latest trading session, marking a +0.74% move from the prior day. Arbor Realty Trust (ABR): Free Stock Analysis Report The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. |
29930.0 | 2022-07-11 00:00:00 UTC | Arbor Realty Trust (ABR) Stock Moves -0.58%: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-stock-moves-0.58%3A-what-you-should-know | nan | nan | Arbor Realty Trust (ABR) closed at $13.75 in the latest trading session, marking a -0.58% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.15%. At the same time, the Dow lost 0.52%, and the tech-heavy Nasdaq lost 0.34%.
Heading into today, shares of the real estate investment trust had lost 8.95% over the past month, lagging the Finance sector's loss of 7.08% and the S&P 500's loss of 5.08% in that time.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release. On that day, Arbor Realty Trust is projected to report earnings of $0.43 per share, which would represent a year-over-year decline of 4.44%. Our most recent consensus estimate is calling for quarterly revenue of $183.38 million, up 74.39% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.86 per share and revenue of $773.65 million, which would represent changes of -7.46% and +65.99%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Arbor Realty Trust. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Arbor Realty Trust is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Arbor Realty Trust is holding a Forward P/E ratio of 7.44. Its industry sports an average Forward P/E of 8.23, so we one might conclude that Arbor Realty Trust is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 158, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABR in the coming trading sessions, be sure to utilize Zacks.com.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed at $13.75 in the latest trading session, marking a -0.58% move from the prior day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. Arbor Realty Trust (ABR): Free Stock Analysis Report | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $13.75 in the latest trading session, marking a -0.58% move from the prior day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $13.75 in the latest trading session, marking a -0.58% move from the prior day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. | Arbor Realty Trust (ABR) closed at $13.75 in the latest trading session, marking a -0.58% move from the prior day. Arbor Realty Trust (ABR): Free Stock Analysis Report To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. |
29931.0 | 2022-07-05 00:00:00 UTC | Arbor Realty Trust (ABR) Outpaces Stock Market Gains: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-outpaces-stock-market-gains%3A-what-you-should-know-2 | nan | nan | In the latest trading session, Arbor Realty Trust (ABR) closed at $13.69, marking a +1.63% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.16%. At the same time, the Dow lost 0.42%, and the tech-heavy Nasdaq gained 0.17%.
Coming into today, shares of the real estate investment trust had lost 16.54% in the past month. In that same time, the Finance sector lost 7.94%, while the S&P 500 lost 6.79%.
Wall Street will be looking for positivity from Arbor Realty Trust as it approaches its next earnings report date. The company is expected to report EPS of $0.43, down 4.44% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $183.38 million, up 74.39% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.86 per share and revenue of $773.65 million. These totals would mark changes of -7.46% and +65.99%, respectively, from last year.
Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Arbor Realty Trust is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that Arbor Realty Trust has a Forward P/E ratio of 7.24 right now. This represents a discount compared to its industry's average Forward P/E of 8.25.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 141, putting it in the bottom 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the latest trading session, Arbor Realty Trust (ABR) closed at $13.69, marking a +1.63% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Wall Street will be looking for positivity from Arbor Realty Trust as it approaches its next earnings report date. | Arbor Realty Trust (ABR): Free Stock Analysis Report In the latest trading session, Arbor Realty Trust (ABR) closed at $13.69, marking a +1.63% move from the previous day. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.86 per share and revenue of $773.65 million. | Arbor Realty Trust (ABR): Free Stock Analysis Report In the latest trading session, Arbor Realty Trust (ABR) closed at $13.69, marking a +1.63% move from the previous day. Arbor Realty Trust is currently a Zacks Rank #2 (Buy). | In the latest trading session, Arbor Realty Trust (ABR) closed at $13.69, marking a +1.63% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust is currently a Zacks Rank #2 (Buy). |
29932.0 | 2022-07-01 00:00:00 UTC | 3 Highly Ranked Stocks With Robust Dividend Yields Perfect for Income Investors | ABR | https://www.nasdaq.com/articles/3-highly-ranked-stocks-with-robust-dividend-yields-perfect-for-income-investors | nan | nan | The first half of 2022 was undoubtedly one we would all like to put behind us. Stocks tumbled, and investors felt the pain. The ongoing war in Ukraine, supply chain issues, and a hawkish Fed were all impactful forces driving the poor share performances.
Nobody has a crystal ball that tells us where the market heads next, and investors must react - not predict.
During times of overall market weakness, it’s very beneficial for investors to have a stream of income that’ll help offset drawdowns. Investing for income is a popular strategy that many investors utilize.
Three stocks with high dividend yields paired with a strong Zacks Rank include Arbor Realty Trust ABR, Vale SA VALE, and Devon Energy DVN.
Let’s examine one a little closer to see why they would be solid bets for investors looking to add an income stream into their portfolios.
Arbor Realty Trust
Arbor Realty Trust ABR is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities, and other real estate-related assets.
ABR’s annual dividend yield sits pretty in the double-digits at 11.6%, with a payout ratio sitting at 75% of earnings. What sticks out to me is the company’s commitment to rewarding shareholders – the company has increased its dividend a jaw-dropping 16 times over the last five years and has a five-year annualized dividend growth rate in the double-digits of 15.5%. The yield is much higher than that of the S&P 500.
Image Source: Zacks Investment Research
ABR has enticing valuation levels, further displayed by its Style Score of B for Value. Its forward earnings multiple sits nicely at 7.3X, well below highs of 13.3X in 2019 and well below the five-year median of 10.3X. In addition, shares trade at a steep 57% discount relative to the S&P 500.
Image Source: Zacks Investment Research
ABR is a Zacks Rank #2 (Buy).
Devon Energy
Devon Energy Corporation DVN is an independent energy company primarily engaged in exploring, developing, and producing oil and natural gas. The company’s operations are mainly concentrated in the onshore areas of North America.
DVN thoroughly enjoys rewarding its shareholders; its dividend metrics are robust. The company’s dividend yield is 9.2%, with a payout ratio of 81% of earnings. What sticks out to me is its dividend growth – the company has increased its dividend a whopping ten times in the past five years, giving it a five-year annualized dividend growth rate of nearly 32%.
Image Source: Zacks Investment Research
Devon Energy sports a beautifully low 6.1X forward earnings multiple, nowhere near 2017 highs of 33.5X and well below 2021 highs of 33.5X. Additionally, the value reflects a resounding 64% discount relative to the S&P 500’s forward earnings multiple of 16.9X.
Devon Energy is a Zacks Rank #2 (Buy).
Vale SA
Vale SA VALE is a mining company that extracts iron, nickel, gold, copper, aluminum, potash, and other precious metals.
For those looking for an income stream, Vale’s got that covered with its annual dividend yielding 9.9%, with a payout ratio sitting at 29% of earnings. Additionally, the miner has increased its dividend six times over the last five years, providing an annualized five-year dividend growth rate of nearly 75%.
Image Source: Zacks Investment Research
The company sports enticing valuation metrics. Its 3.8X forward earnings multiple is well below 2018 highs of 12.3X and nowhere near its five-year median value of 3.8X. Additionally, shares trade at a steep 78% discount relative to the S&P 500.
Image Source: Zacks Investment Research
Vale is a Zacks Rank #1 (Strong Buy).
Bottom Line
Investing for an income stream is a popular way for investors to balance a portfolio. During times of overall market weakness, income-related stocks provide a reliable cash flow, undoubtedly easing drawdowns.
All three companies above have robust dividend metrics, solid valuation levels, and all carry a high Zacks Rank. These three stocks would be great places to start for investors with an appetite for income.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Devon Energy Corporation (DVN): Free Stock Analysis Report
VALE S.A. (VALE): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Three stocks with high dividend yields paired with a strong Zacks Rank include Arbor Realty Trust ABR, Vale SA VALE, and Devon Energy DVN. Arbor Realty Trust Arbor Realty Trust ABR is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities, and other real estate-related assets. ABR’s annual dividend yield sits pretty in the double-digits at 11.6%, with a payout ratio sitting at 75% of earnings. | Three stocks with high dividend yields paired with a strong Zacks Rank include Arbor Realty Trust ABR, Vale SA VALE, and Devon Energy DVN. Arbor Realty Trust Arbor Realty Trust ABR is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities, and other real estate-related assets. ABR’s annual dividend yield sits pretty in the double-digits at 11.6%, with a payout ratio sitting at 75% of earnings. | Three stocks with high dividend yields paired with a strong Zacks Rank include Arbor Realty Trust ABR, Vale SA VALE, and Devon Energy DVN. Arbor Realty Trust Arbor Realty Trust ABR is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities, and other real estate-related assets. ABR’s annual dividend yield sits pretty in the double-digits at 11.6%, with a payout ratio sitting at 75% of earnings. | Three stocks with high dividend yields paired with a strong Zacks Rank include Arbor Realty Trust ABR, Vale SA VALE, and Devon Energy DVN. Arbor Realty Trust Arbor Realty Trust ABR is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities, and other real estate-related assets. ABR’s annual dividend yield sits pretty in the double-digits at 11.6%, with a payout ratio sitting at 75% of earnings. |
29933.0 | 2022-06-30 00:00:00 UTC | Zacks Industry Outlook Highlights Starwood Property, Arbor Realty, and Invesco Mortgage Capital | ABR | https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-starwood-property-arbor-realty-and-invesco-mortgage | nan | nan | For Immediate Release
Chicago, IL – June 30, 2022 – Today, Zacks Equity Research discusses Starwood Property Trust STWD, Arbor Realty Trust ABR and Invesco Mortgage Capital Inc. IVR.
Industry: REIT and Equity Trust
Link: https://www.zacks.com/commentary/1945543/3-mreit-stock-picks-poised-to-navigate-rising-interest-rates
The Zacks REIT and Equity Trust industry has not been immune to the impacts of rising interest rates, high inflation and the Federal Reserve's balance sheet reduction moves. Mortgage originators and servicers are seeing low origination volume amid a decrease in the refinance demand and gain on sale margin compression.
Unfavorable valuations of Agency mortgage-backed securities (MBS) and spread widening in the Agency MBS and credit-sensitive residential mortgage space are other headwinds. Hence, mortgage mREITs will continue to see book value pressure in the upcoming period.
Nevertheless, receding prepayment spreads offer respite to the industry players by supporting asset yields and margins, whereas business diversification offers support amid volatile conditions. We view the increase in mortgage rates as a positive for mortgage servicers witnessing fair value mark-ups on mortgage service rights. These create an encouraging backdrop for players like Starwood Property Trust, Arbor Realty Trust and Invesco Mortgage Capital Inc..
About the Industry
The Zacks REIT and Equity Trust industry comprises mortgage REITs, also known as mREITs. Industry players invest in and originate mortgages and MBS, thereby providing mortgage credit for homeowners and businesses. Typically, these companies focus on residential or commercial mortgage markets, although some invest in both markets through the respective asset-backed securities.
Agency securities are backed by the federal government, making it a safer bet and limiting credit risk. Also, such REITs raise funds in both debt and equity markets through common and preferred equity, repurchase agreements, structured financing, convertible and long-term debt, and other credit facilities. Net interest margin (NIM), spread between interest income on mortgage assets and securities held as well as funding costs, is the key revenue metric for mREITs.
What's Shaping the Future of the mREIT Industry?
Challenging Mortgage Production Environment to Hurt Revenues: Amid the tight labor markets and annual inflation persistently being above 8%, the Federal Reserve is in the midst of a shift from quantitative easing to tightening, with balance-sheet reductions and rising short-term interest rates. This has driven a significant increase in mortgage rates over the past six months, leading to lower origination volumes (especially refinancing demand). Also, excess capacity has presented additional challenges for mortgage servicers and originators, and might impede origination gain on sale and revenue growth as competition increases in the origination market.
Net Interest Spread & Book Values to Decline: The accelerated timeline for monetary policy tightening and an end to net purchases are affecting valuations of Agency mortgage-backed securities. Industry players are not immune to widening in the Agency MBS and credit-sensitive residential mortgage space. Hence, mortgage mREITs will continue to see book value pressure in the upcoming period.
Also, mortgage REITs, which had been enjoying higher net interest spreads on low borrowing costs, are expected to see profitability deterioration as rates rise. This may discourage mREIT investors and result in capital outflows from the industry, potentially resulting in even greater book value declines for the industry players in the upcoming period. Beside this, the majority of commercial mREITs tends to have floating-rate liabilities, implying an increase in interest expenses when rates go up.
Conservative Approach to Limit Returns: Recognizing the growing concerns in the current financial markets, mREITs have resorted to adjustments in their investment portfolio. Amid higher volatility, the companies have been trimming investment portfolios and reducing leverage.
Although such moves might help offset interest rate fluctuations, these are not designed to shield companies against fluctuations in tangible net book value due to changes in the spread between investments and other benchmark rates like swap and treasury rates. This exposes companies to the risk of adverse spread changes. Moreover, as companies prioritize risk and liquidity management over incremental returns amid the volatility in the current market, at least in the short term, robust returns are expected to remain elusive.
Zacks Industry Rank Indicates Dismal Prospects
The Zacks REIT and Equity Trust industry is housed within the broader Zacks Finance sector. It carries a Zacks Industry Rank #157, which places it in the bottom 37% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry's positioning in the bottom 50% of the Zacks-ranked industries is an outcome of the negative earnings outlook for the constituent companies. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group's earnings growth potential. The industry's current-year earnings estimate has moved 14.1% down since June last year.
Before we present a few stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock-market performance and valuation picture.
Industry Lags Sector and S&P 500
The Zacks REIT and Equity Trust industry has lagged the broader Zacks Finance sector and the S&P 500 composite in the past year.
The industry has slipped 25.4% in the above-mentioned period against the broader sector's decline of 12.4%. The S&P Index has dipped 9.8% over the past year.
Industry's Current Valuation
On the basis of the trailing 12-month price-to-book (P/BV), which is a commonly used multiple for valuing mREITs, the industry is currently trading at 1.18X compared with the S&P 500's 5.86X. It is also below the sector's trailing-12-month P/BV of 2.99X. Over the past five years, the industry has traded as high as 1.41X, as low as 0.49X and at the median of 1.19X.
Three mREIT Stocks Worth Betting On
Invesco Mortgage: IVR primarily focuses on investing in, financing, and managing MBSs and other mortgage-related assets. Amid headwinds for Agency MBSs, the company has been actively managing its portfolio. It has reduced exposure to such securities, as the current macro situation continues to weigh on Agency RMBS valuations. IVR has reduced leverage and is shifting its Agency RMBS portfolio to higher coupons by selling 30-year 2.0% and 2.5% coupons, and buying 4.0%, 4.5% and 5.0% coupons.
As of Jun 17, its investment portfolio of $5.2 billion included $4.4 billion of Agency RMBS and $628 million of to-be-announced securities forward contracts. It had unrestricted cash and unencumbered investments aggregating around $623 million.
Moreover, IVR estimates a debt-to-equity ratio of 4.1X and book value per common share of $15.94-$16.60.
The company sports a Zacks Rank of 1 (Strong Buy) at present. The Zacks Consensus Estimate for IVR's 2022 earnings has been revised 1.1% upward over the past month to $3.84. Also, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all four trailing quarters.
You can see the complete list of today's Zacks #1 Rank stocks here.
Arbor Realty: The New York-headquartered mREIT primarily focuses on originating and servicing loans for multi-family, single-family and other commercial real estate assets. Arbor Realty's diversified investment focus on commercial real estate debt investments, mortgage servicing and commercial mortgage-backed securities is likely to enable it to generate stable income in the upcoming quarters despite the challenging economic environment.
Further, multi-family mortgage loan securitization and originations are expected to expand ABR's fee-based servicing portfolio, driving servicing revenues.
The company currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for ABR's 2022 earnings has been revised 4.5% upward to $1.86 in the past two months. Moreover, 2022 NII estimates of $773.7 million indicate a year-over-year uptick of 66%.
Starwood Property: Greenwich, CT-based STWD operates through four segments — Commercial and Residential Lending, Infrastructure Lending, Property and Investing, and Servicing segments.
Starwood Property had a $16.2-billion diverse loan portfolio as of Mar 31, 2022, with $14.1 million in the commercial and residential lending segment. Of this, 27% of loans were backed by office properties, 32% multi-family and 17% hotel. Also, 11% of its loans were backed by mixed-use, 6% industrial, 2% residential, 2% retail, and 3% in other property types. This positions it well to navigate the current environment.
The Zacks Consensus Estimate for the company's 2022 earnings has been revised 12.2% upward to $2.30 over the past two months. Moreover, STWD's 2022 NII is pegged at $1.29 billion, indicating a year-over-year uptick of 9.9%. Starwood Property carries a Zacks Rank of #2 at present.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
STARWOOD PROPERTY TRUST, INC. (STWD): Free Stock Analysis Report
INVESCO MORTGAGE CAPITAL INC (IVR): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL – June 30, 2022 – Today, Zacks Equity Research discusses Starwood Property Trust STWD, Arbor Realty Trust ABR and Invesco Mortgage Capital Inc. IVR. Further, multi-family mortgage loan securitization and originations are expected to expand ABR's fee-based servicing portfolio, driving servicing revenues. The Zacks Consensus Estimate for ABR's 2022 earnings has been revised 4.5% upward to $1.86 in the past two months. | For Immediate Release Chicago, IL – June 30, 2022 – Today, Zacks Equity Research discusses Starwood Property Trust STWD, Arbor Realty Trust ABR and Invesco Mortgage Capital Inc. IVR. Further, multi-family mortgage loan securitization and originations are expected to expand ABR's fee-based servicing portfolio, driving servicing revenues. The Zacks Consensus Estimate for ABR's 2022 earnings has been revised 4.5% upward to $1.86 in the past two months. | For Immediate Release Chicago, IL – June 30, 2022 – Today, Zacks Equity Research discusses Starwood Property Trust STWD, Arbor Realty Trust ABR and Invesco Mortgage Capital Inc. IVR. Further, multi-family mortgage loan securitization and originations are expected to expand ABR's fee-based servicing portfolio, driving servicing revenues. The Zacks Consensus Estimate for ABR's 2022 earnings has been revised 4.5% upward to $1.86 in the past two months. | For Immediate Release Chicago, IL – June 30, 2022 – Today, Zacks Equity Research discusses Starwood Property Trust STWD, Arbor Realty Trust ABR and Invesco Mortgage Capital Inc. IVR. Further, multi-family mortgage loan securitization and originations are expected to expand ABR's fee-based servicing portfolio, driving servicing revenues. The Zacks Consensus Estimate for ABR's 2022 earnings has been revised 4.5% upward to $1.86 in the past two months. |
29934.0 | 2022-06-29 00:00:00 UTC | 3 mREIT Stock Picks Poised to Navigate Rising Interest Rates | ABR | https://www.nasdaq.com/articles/3-mreit-stock-picks-poised-to-navigate-rising-interest-rates | nan | nan | The Zacks REIT and Equity Trust industry has not been immune to the impacts of rising interest rates, high inflation and the Federal Reserve’s balance sheet reduction moves. Mortgage originators and servicers are seeing low origination volume amid a decrease in the refinance demand and gain on sale margin compression. Unfavorable valuations of Agency mortgage-backed securities (MBS) and spread widening in the Agency MBS and credit-sensitive residential mortgage space are other headwinds. Hence, mortgage mREITs will continue to see book value pressure in the upcoming period. Nonetheless, receding prepayment spreads offer respite to the industry players by supporting asset yields and margins, whereas business diversification offers support amid volatile conditions. We view the increase in mortgage rates as a positive for mortgage servicers witnessing fair value mark-ups on mortgage service rights. These create an encouraging backdrop for players like Starwood Property Trust STWD, Arbor Realty Trust ABR and Invesco Mortgage Capital Inc. IVR.
About the Industry
The Zacks REIT and Equity Trust industry comprises mortgage REITs, also known as mREITs. Industry players invest in and originate mortgages and MBS, thereby providing mortgage credit for homeowners and businesses. Typically, these companies focus on residential or commercial mortgage markets, although some invest in both markets through the respective asset-backed securities. Agency securities are backed by the federal government, making it a safer bet and limiting credit risk. Also, such REITs raise funds in both debt and equity markets through common and preferred equity, repurchase agreements, structured financing, convertible and long-term debt, and other credit facilities. Net interest margin (NIM), spread between interest income on mortgage assets and securities held as well as funding costs, is the key revenue metric for mREITs.
What's Shaping the Future of the mREIT Industry?
Challenging Mortgage Production Environment to Hurt Revenues: Amid the tight labor markets and annual inflation persistently being above 8%, the Federal Reserve is in the midst of a shift from quantitative easing to tightening, with balance-sheet reductions and rising short-term interest rates. This has driven a significant increase in mortgage rates over the past six months, leading to lower origination volumes (especially refinancing demand). Also, excess capacity has presented additional challenges for mortgage servicers and originators, and might impede origination gain on sale and revenue growth as competition increases in the origination market.
Net Interest Spread & Book Values to Decline: The accelerated timeline for monetary policy tightening and an end to net purchases are affecting valuations of Agency mortgage-backed securities. Industry players are not immune to spread widening in the Agency MBS and credit-sensitive residential mortgage space. Hence, mortgage mREITs will continue to see book value pressure in the upcoming period. Also, mortgage REITs, which had been enjoying higher net interest spreads on low borrowing costs, are expected to see profitability deterioration as rates rise. This may discourage mREIT investors and result in capital outflows from the industry, potentially resulting in even greater book value declines for the industry players in the upcoming period. Beside this, the majority of commercial mREITs tends to have floating-rate liabilities, implying an increase in interest expenses when rates go up.
Conservative Approach to Limit Returns: Recognizing the growing concerns in the current financial markets, mREITs have resorted to adjustments in their investment portfolio. Amid higher volatility, the companies have been trimming investment portfolios and reducing leverage. Although such moves might help offset interest rate fluctuations, these are not designed to shield companies against fluctuations in tangible net book value due to changes in the spread between investments and other benchmark rates like swap and treasury rates. This exposes companies to the risk of adverse spread changes. Moreover, as companies prioritize risk and liquidity management over incremental returns amid the volatility in the current market, at least in the short term, robust returns are expected to remain elusive.
Zacks Industry Rank Indicates Dismal Prospects
The Zacks REIT and Equity Trust industry is housed within the broader Zacks Finance sector. It carries a Zacks Industry Rank #157, which places it in the bottom 37% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is an outcome of the negative earnings outlook for the constituent companies. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group's earnings growth potential. The industry’s current-year earnings estimate has moved 14.1% down since June last year.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Lags Sector and S&P 500
The Zacks REIT and Equity Trust industry has lagged the broader Zacks Finance sector and the S&P 500 composite in the past year.
The industry has slipped 25.4% in the above-mentioned period against the broader sector’s decline of 12.4%. The S&P Index has dipped 9.8% over the past year.
One-Year Price Performance
Image Source: Zacks Investment Research
Industry's Current Valuation
On the basis of the trailing 12-month price-to-book (P/BV), which is a commonly used multiple for valuing mREITs, the industry is currently trading at 1.18X compared with the S&P 500’s 5.86X. It is also below the sector’s trailing-12-month P/BV of 2.99X. Over the past five years, the industry has traded as high as 1.41X, as low as 0.49X and at the median of 1.19X.
Price-to-Book TTM
Image Source: Zacks Investment Research
Three mREIT Stocks Worth Betting On
Invesco Mortgage: IVR primarily focuses on investing in, financing, and managing MBSs and other mortgage-related assets. Amid headwinds for Agency MBSs, the company has been actively managing its portfolio. It has reduced exposure to such securities, as the current macro situation continues to weigh on Agency RMBS valuations. IVR has reduced leverage and is shifting its Agency RMBS portfolio to higher coupons by selling 30-year 2.0% and 2.5% coupons, and buying 4.0%, 4.5% and 5.0% coupons.
As of Jun 17, its investment portfolio of $5.2 billion included $4.4 billion of Agency RMBS and $628 million of to-be-announced securities forward contracts. It had unrestricted cash and unencumbered investments aggregating around $623 million.
Moreover, IVR estimates a debt-to-equity ratio of 4.1X and book value per common share of $15.94-$16.60.
The company sports a Zacks Rank of 1 (Strong Buy) at present. The Zacks Consensus Estimate for IVR’s 2022 earnings has been revised 1.1% upward over the past month to $3.84. Also, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all four trailing quarters.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Price and Consensus: IVR
Image Source: Zacks Investment Research
Arbor Realty: The New York-headquartered mREIT primarily focuses on originating and servicing loans for multi-family, single-family and other commercial real estate assets. Arbor Realty’s diversified investment focus on commercial real estate debt investments, mortgage servicing and commercial mortgage-backed securities is likely to enable it to generate stable income in the upcoming quarters despite the challenging economic environment.
Further, multi-family mortgage loan securitization and originations are expected to expand ABR’s fee-based servicing portfolio, driving servicing revenues.
The company currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for ABR’s 2022 earnings has been revised 4.5% upward to $1.86 in the past two months. Moreover, 2022 NII estimates of $773.7 million indicate a year-over-year uptick of 66%.
Price and Consensus: ABR
Image Source: Zacks Investment Research
Starwood Property: Greenwich, CT-based STWD operates through four segments — Commercial and Residential Lending, Infrastructure Lending, Property and Investing, and Servicing segments.
Starwood Property had a $16.2-billion diverse loan portfolio as of Mar 31, 2022, with $14.1 million in the commercial and residential lending segment. Of this, 27% of loans were backed by office properties, 32% multi-family and 17% hotel. Also, 11% of its loans were backed by mixed-use, 6% industrial, 2% residential, 2% retail, and 3% in other property types. This positions it well to navigate the current environment.
The Zacks Consensus Estimate for the company’s 2022 earnings has been revised 12.2% upward to $2.30 over the past two months. Moreover, STWD’s 2022 NII is pegged at $1.29 billion, indicating a year-over-year uptick of 9.9%. Starwood Property carries a Zacks Rank of #2 at present.
Price and Consensus: STWD
Image Source: Zacks Investment Research
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
STARWOOD PROPERTY TRUST, INC. (STWD): Free Stock Analysis Report
INVESCO MORTGAGE CAPITAL INC (IVR): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | These create an encouraging backdrop for players like Starwood Property Trust STWD, Arbor Realty Trust ABR and Invesco Mortgage Capital Inc. IVR. Further, multi-family mortgage loan securitization and originations are expected to expand ABR’s fee-based servicing portfolio, driving servicing revenues. The Zacks Consensus Estimate for ABR’s 2022 earnings has been revised 4.5% upward to $1.86 in the past two months. | These create an encouraging backdrop for players like Starwood Property Trust STWD, Arbor Realty Trust ABR and Invesco Mortgage Capital Inc. IVR. Further, multi-family mortgage loan securitization and originations are expected to expand ABR’s fee-based servicing portfolio, driving servicing revenues. The Zacks Consensus Estimate for ABR’s 2022 earnings has been revised 4.5% upward to $1.86 in the past two months. | These create an encouraging backdrop for players like Starwood Property Trust STWD, Arbor Realty Trust ABR and Invesco Mortgage Capital Inc. IVR. Further, multi-family mortgage loan securitization and originations are expected to expand ABR’s fee-based servicing portfolio, driving servicing revenues. The Zacks Consensus Estimate for ABR’s 2022 earnings has been revised 4.5% upward to $1.86 in the past two months. | These create an encouraging backdrop for players like Starwood Property Trust STWD, Arbor Realty Trust ABR and Invesco Mortgage Capital Inc. IVR. Further, multi-family mortgage loan securitization and originations are expected to expand ABR’s fee-based servicing portfolio, driving servicing revenues. The Zacks Consensus Estimate for ABR’s 2022 earnings has been revised 4.5% upward to $1.86 in the past two months. |
29935.0 | 2022-06-28 00:00:00 UTC | Arbor Realty Trust (ABR) Stock Moves -1.11%: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-stock-moves-1.11%3A-what-you-should-know | nan | nan | Arbor Realty Trust (ABR) closed at $13.36 in the latest trading session, marking a -1.11% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.01%. Elsewhere, the Dow lost 1.56%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the real estate investment trust had lost 18.71% over the past month, lagging the Finance sector's loss of 8.01% and the S&P 500's loss of 6.08% in that time.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.43, down 4.44% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $183.38 million, up 74.39% from the prior-year quarter.
ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. These results would represent year-over-year changes of -7.46% and +65.99%, respectively.
Investors should also note any recent changes to analyst estimates for Arbor Realty Trust. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Arbor Realty Trust is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Arbor Realty Trust is currently trading at a Forward P/E ratio of 7.26. For comparison, its industry has an average Forward P/E of 8.48, which means Arbor Realty Trust is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 147, putting it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABR in the coming trading sessions, be sure to utilize Zacks.com.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed at $13.36 in the latest trading session, marking a -1.11% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. | ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $13.36 in the latest trading session, marking a -1.11% move from the prior day. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $13.36 in the latest trading session, marking a -1.11% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $13.36 in the latest trading session, marking a -1.11% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. |
29936.0 | 2022-06-27 00:00:00 UTC | The Zacks Analyst Blog Highlights Enterprise Products, Arbor Realty, Kinder Morgan, The Buckle, Avnet | ABR | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-enterprise-products-arbor-realty-kinder-morgan-the | nan | nan | For Immediate Release
Chicago, IL – June 27, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: stocks Enterprise Products Partners EPD, Arbor Realty Trust ABR, Kinder Morgan KMI, The Buckle BKE and Avnet AVT.
Here are highlights from Friday’s Analyst Blog:
Best Dividend Stocks Now, According to the Zacks Rank
The Federal Reserve's aggressive policy tightening to tame the multi-decade high inflation is increasing the chances of the economy slipping into a recession. This, along with concerns related to continued supply disruptions and rising energy and food prices, is driving immense volatility in the stock market.
While the S&P 500 and the teach-heavy Nasdaq declined more than 20% and 28%, respectively, this year, the Dow Jones Industrial Average has lost more than 16%. The blue-chip index is on the brink of seeing its worst first half since 1962.
However, instead of steering clear of stocks, investors could survive the market slump by investing in dividend-paying stocks Enterprise Products Partners, Arbor Realty Trust, Kinder Morgan, The Buckle and Avnet, which has Zacks Rank #1 (Strong Buy) or 2 (Buy). In addition to generating a steady income, these stocks could rebound soon.
Recession Worries Are Mounting
The widely tracked inflation gauge — the consumer price index (CPI) —jumped 8.6% in May, hitting a 40-year high. Since inflation is expected to remain elevated in the foreseeable future, experts expect the central bank to tighten the policy further.
The Fed recently hiked interest rates by 75 basis points, the highest increase since 1994, and has kept the door open for further rate hikes to bring prices down. As this will lead to skyrocketing borrowing costs, many experts expect the economy to slip into a recession.
Global Supply-Chain Issues
Against a backdrop of inflationary pressure, the COVID-19-led supply-chain disruptions have been aggravated by the Russia-Ukraine war. This obviously doesn't bode well for the economy.
The Russia-Ukraine war has dampened consumer sentiments, threatened economic growth, established market barriers, curtailed the movement of indispensable commodities, and eventually jacked up prices.
Dividend-Paying Stocks to the Rescue
With the U.S. economy reeling under inflationary pressure and the chances of a recession increasing, the stock market is taking its share of hard knocks.
Despite such distress, investors should focus on dividend-paying companies with a sustainable business model and a long history of profitability.
Here are five such stocks that boast a Zacks Rank #1 or 2 and offer high yields.
Enterprise Products Partners is one of the primary midstream energy players in North America, and has a vast network of pipelines.
Enterprise Products Partners has a dividend yield of 7.61%. In the past 5-year period, EPD has increased its dividend 13 times, and its payout has advanced 1.9%. To see the stock's dividend history, please click here.
Shares of Enterprise Products Partners have gained 9.7% so far this year. Currently, EPD has a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Arbor Realty Trust is a real estate finance company that primarily invests in real estate-related assets.
Presently, Arbor Realty has a dividend yield of 11.76%. ABR has increased its dividend 16 times in the past five years, and its payout has increased 15.5%. To see the stock's dividend history, please click here.
Shares of Arbor Realty have lost 19.9% over the past month. At present, ABR has a Zacks Rank #2.
Kinder Morgan is a midstream energy infrastructure provider in North America.
Currently, Kinder Morgan has a dividend yield of 6.67%. In the past 5-year period, KMI has increased its dividend five times, while its payout has advanced 19.05%. To see the stock's dividend history, please click here.
KMI's shares have already gained 3% year to date. At the moment, KMI sports a Zacks Rank #1.
The Buckle is primarily a retailer of casual apparel, footwear and accessories.
Buckle has a dividend yield of 4.75%. Over the past five years, BKE has increased its dividend five times, while its payout has increased 7.87%. To see the stock's dividend history, please click here.
Shares of Buckle have lost 3.9% over the past month. At this point in time, BKE has a Zacks Rank #2.
Avnet is one of the largest distributors of electronic components across the globe.
Avnet has a dividend yield of 2.44%. Over the past five years, AVT has increased its dividend six times, while its payout has advanced 6.32%. To see the stock's dividend history, please click here.
AVT's shares have gained 6.4% over the past year. Presently, AVT has a Zacks Rank #1.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Avnet, Inc. (AVT): Free Stock Analysis Report
Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report
Buckle, Inc. The (BKE): Free Stock Analysis Report
Kinder Morgan, Inc. (KMI): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks recently featured in the blog include: stocks Enterprise Products Partners EPD, Arbor Realty Trust ABR, Kinder Morgan KMI, The Buckle BKE and Avnet AVT. ABR has increased its dividend 16 times in the past five years, and its payout has increased 15.5%. At present, ABR has a Zacks Rank #2. | Stocks recently featured in the blog include: stocks Enterprise Products Partners EPD, Arbor Realty Trust ABR, Kinder Morgan KMI, The Buckle BKE and Avnet AVT. ABR has increased its dividend 16 times in the past five years, and its payout has increased 15.5%. At present, ABR has a Zacks Rank #2. | Stocks recently featured in the blog include: stocks Enterprise Products Partners EPD, Arbor Realty Trust ABR, Kinder Morgan KMI, The Buckle BKE and Avnet AVT. ABR has increased its dividend 16 times in the past five years, and its payout has increased 15.5%. At present, ABR has a Zacks Rank #2. | Stocks recently featured in the blog include: stocks Enterprise Products Partners EPD, Arbor Realty Trust ABR, Kinder Morgan KMI, The Buckle BKE and Avnet AVT. ABR has increased its dividend 16 times in the past five years, and its payout has increased 15.5%. At present, ABR has a Zacks Rank #2. |
29937.0 | 2022-06-24 00:00:00 UTC | Best Dividend Stocks to Buy Now According to the Zacks Rank | ABR | https://www.nasdaq.com/articles/best-dividend-stocks-to-buy-now-according-to-the-zacks-rank | nan | nan | The Federal Reserve’s aggressive policy tightening to tame the multi-decade high inflation is increasing the chances of the economy slipping into a recession. This, along with concerns related to continued supply disruptions and rising energy and food prices, is driving immense volatility in the stock market.
While the S&P 500 and the teach-heavy Nasdaq declined more than 20% and 28%, respectively, this year, the Dow Jones Industrial Average has lost more than 16%. The blue-chip index is on the brink of seeing its worst first half since 1962.
However, instead of steering clear of stocks, investors could survive the market slump by investing in dividend-paying stocks Enterprise Products Partners EPD, Arbor Realty Trust ABR, Kinder Morgan KMI, The Buckle BKE and Avnet AVT, which has Zacks Rank #1 (Strong Buy) or 2 (Buy). In addition to generating a steady income, these stocks could rebound soon.
Recession Worries Are Mounting
The widely tracked inflation gauge — the consumer price index (CPI) —jumped 8.6% in May, hitting a 40-year high. Since inflation is expected to remain elevated in the foreseeable future, experts expect the central bank to tighten the policy further.
The Fed recently hiked interest rates by 75 basis points, the highest increase since 1994, and has kept the door open for further rate hikes to bring prices down. As this will lead to skyrocketing borrowing costs, many experts expect the economy to slip into a recession.
Global Supply-Chain Issues
Against a backdrop of inflationary pressure, the COVID-19-led supply-chain disruptions have been aggravated by the Russia-Ukraine war. This obviously doesn’t bode well for the economy.
The Russia-Ukraine war has dampened consumer sentiments, threatened economic growth, established market barriers, curtailed the movement of indispensable commodities, and eventually jacked up prices.
Dividend-Paying Stocks to the Rescue
With the U.S. economy reeling under inflationary pressure and the chances of a recession increasing, the stock market is taking its share of hard knocks.
Despite such distress, investors should focus on dividend-paying companies with a sustainable business model and a long history of profitability.
Here are five such stocks that boast a Zacks Rank #1 or 2 and offer high yields.
Enterprise Products Partners is one of the primary midstream energy players in North America, and has a vast network of pipelines.
Enterprise Products Partners has a dividend yield of 7.61%. In the past 5-year period, EPD has increased its dividend 13 times, and its payout has advanced 1.9%. To see the stock’s dividend history, please click here.
Enterprise Products Partners L.P. Dividend Yield (TTM)
Enterprise Products Partners L.P. dividend-yield-ttm | Enterprise Products Partners L.P. Quote
Shares of Enterprise Products Partners have gained 9.7% so far this year. Currently, EPD has a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Arbor Realty Trust is a real estate finance company that primarily invests in real estate-related assets.
Presently, Arbor Realty has a dividend yield of 11.76%. ABR has increased its dividend 16 times in the past five years, and its payout has increased 15.5%. To see the stock’s dividend history, please click here.
Arbor Realty Trust Dividend Yield (TTM)
Arbor Realty Trust dividend-yield-ttm | Arbor Realty Trust Quote
Shares of Arbor Realty have lost 19.9% over the past month. At present, ABR has a Zacks Rank #2.
Kinder Morgan is a midstream energy infrastructure provider in North America.
Currently, Kinder Morgan has a dividend yield of 6.67%. In the past 5-year period, KMI has increased its dividend five times, while its payout has advanced 19.05%. To see the stock’s dividend history, please click here.
Kinder Morgan, Inc. Dividend Yield (TTM)
Kinder Morgan, Inc. dividend-yield-ttm | Kinder Morgan, Inc. Quote
KMI’s shares have already gained 3% year to date. At the moment, KMI sports a Zacks Rank #1.
The Buckle is primarily a retailer of casual apparel, footwear and accessories.
Buckle has a dividend yield of 4.75%. Over the past five years, BKE has increased its dividend five times, while its payout has increased 7.87%. To see the stock’s dividend history, please click here.
Buckle, Inc. The Dividend Yield (TTM)
Buckle, Inc. The dividend-yield-ttm | Buckle, Inc. The Quote
Shares of Buckle have lost 3.9% over the past month. At this point in time, BKE has a Zacks Rank #2.
Avnet is one of the largest distributors of electronic components across the globe.
Avnet has a dividend yield of 2.44%. Over the past five years, AVT has increased its dividend six times, while its payout has advanced 6.32%. To see the stock’s dividend history, please click here.
Avnet, Inc. Dividend Yield (TTM)
Avnet, Inc. dividend-yield-ttm | Avnet, Inc. Quote
AVT’s shares have gained 6.4% over the past year. Presently, AVT has a Zacks Rank #1.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Avnet, Inc. (AVT): Free Stock Analysis Report
Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report
Buckle, Inc. The (BKE): Free Stock Analysis Report
Kinder Morgan, Inc. (KMI): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | However, instead of steering clear of stocks, investors could survive the market slump by investing in dividend-paying stocks Enterprise Products Partners EPD, Arbor Realty Trust ABR, Kinder Morgan KMI, The Buckle BKE and Avnet AVT, which has Zacks Rank #1 (Strong Buy) or 2 (Buy). ABR has increased its dividend 16 times in the past five years, and its payout has increased 15.5%. At present, ABR has a Zacks Rank #2. | However, instead of steering clear of stocks, investors could survive the market slump by investing in dividend-paying stocks Enterprise Products Partners EPD, Arbor Realty Trust ABR, Kinder Morgan KMI, The Buckle BKE and Avnet AVT, which has Zacks Rank #1 (Strong Buy) or 2 (Buy). ABR has increased its dividend 16 times in the past five years, and its payout has increased 15.5%. At present, ABR has a Zacks Rank #2. | However, instead of steering clear of stocks, investors could survive the market slump by investing in dividend-paying stocks Enterprise Products Partners EPD, Arbor Realty Trust ABR, Kinder Morgan KMI, The Buckle BKE and Avnet AVT, which has Zacks Rank #1 (Strong Buy) or 2 (Buy). ABR has increased its dividend 16 times in the past five years, and its payout has increased 15.5%. At present, ABR has a Zacks Rank #2. | However, instead of steering clear of stocks, investors could survive the market slump by investing in dividend-paying stocks Enterprise Products Partners EPD, Arbor Realty Trust ABR, Kinder Morgan KMI, The Buckle BKE and Avnet AVT, which has Zacks Rank #1 (Strong Buy) or 2 (Buy). ABR has increased its dividend 16 times in the past five years, and its payout has increased 15.5%. At present, ABR has a Zacks Rank #2. |
29938.0 | 2022-06-23 00:00:00 UTC | Here's Why You Should Retain Annaly (NLY) Stock for Now | ABR | https://www.nasdaq.com/articles/heres-why-you-should-retain-annaly-nly-stock-for-now | nan | nan | Annaly Capital Management, Inc.’s NLY investment strategy is driven by the prudent selection of assets and the effective allocation of capital to achieve stable returns.Yet, in the near term, Agency mortgage-backed securities (MBS) are likely to be affected by the Fed’s tapering efforts, an uptick in interest rate volatility, and the yield curve flattening.
The company's investment strategy involves traditional Agency MBSs, which provide downside protection, as well as investments in more non-Agency and credit-focused asset classes that aid in enhancing returns. Also, investments in mortgage servicing rights (MSRs) are strategic fits as it offers a hedge to interest rate risk.
The investment outlook for the company’s existing and new Agency MBS investments remains positive despite the near-term underperformance. Hence, with $76.1 billion of its investment portfolio comprising highly-liquid Agency MBSs, Annaly is expected to enjoy attractive risk-adjusted returns in the fixed-income markets.
Further, NLY is focusing on improving its liquidity and reducing leverage. The company maintains an unencumbered asset portfolio aggregating $7.2 billion, which can readily provide liquidity in times of adverse market conditions. Hence, with a decent balance sheet, the company is well-equipped to support its business, even during economic stress and market volatility.
Annaly enjoys a diverse funding profile in the industry, with repurchase agreements and various forms of equity being its main sources of financing.The company maintains a strong presence in the residential securitization market through its residential credit business. This will enable it to capitalize on the improving outlook for residential mortgage finance.
However, in first-quarter 2022, the investment environment was challenging due to elevated geopolitical risk, inflation concerns, and the expectation of a tighter monetary policy. This resulted in yield curve flattening, spread widenings and Agency MBS valuation declining.
Any volatility in the mortgage market, unfavorable change in the shape of the yield curve, interest-rate volatility and deterioration in the generic financial conditions might affect the performance of the company's investments, hindering its book value.
Recognizing the growing concerns in the financial markets, Annaly resorts to adjustment in its investment portfolio. Given the uncertainty in the current market, the company has increased its hedge portfolio. It expects to remain fully hedged in the near term. Hence, as risk and liquidity management are prioritized, at least in the short term, robust returns are expected to remain elusive and affect book value.
Any unfavorable change in mortgage rates will be concerning for Annaly, as it exposes the company to reinvestment risk. Moreover, higher prepayments are likely to adversely impact its net interest income (NII) and asset yield as the net purchase premium balance will be amortized over a shorter period.
Shares of NLY have declined 6.9% compared with the industry’s fall of 11.7% in the past month. NLY currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Image Source: Zacks Investment Research
Stocks to Consider
ARMOUR Residential REIT ARR and Arbor Realty Trust ABR are a few better-ranked stocks to bet on.
ABR carries a Zacks Rank of 2 (Buy) at present. Arbor Realty’s 2022 earnings estimates have been unchanged at $1.86 per share in the past month.
ARR currently carries a Zacks Rank of 2. ARMOUR Residential’s 2022 earnings estimates have been unchanged at $1.08 per share in the past month.
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ARMOUR Residential REIT, Inc. (ARR): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Annaly Capital Management Inc (NLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Image Source: Zacks Investment Research Stocks to Consider ARMOUR Residential REIT ARR and Arbor Realty Trust ABR are a few better-ranked stocks to bet on. ABR carries a Zacks Rank of 2 (Buy) at present. Arbor Realty Trust (ABR): Free Stock Analysis Report | Image Source: Zacks Investment Research Stocks to Consider ARMOUR Residential REIT ARR and Arbor Realty Trust ABR are a few better-ranked stocks to bet on. Arbor Realty Trust (ABR): Free Stock Analysis Report ABR carries a Zacks Rank of 2 (Buy) at present. | Image Source: Zacks Investment Research Stocks to Consider ARMOUR Residential REIT ARR and Arbor Realty Trust ABR are a few better-ranked stocks to bet on. ABR carries a Zacks Rank of 2 (Buy) at present. Arbor Realty Trust (ABR): Free Stock Analysis Report | Image Source: Zacks Investment Research Stocks to Consider ARMOUR Residential REIT ARR and Arbor Realty Trust ABR are a few better-ranked stocks to bet on. ABR carries a Zacks Rank of 2 (Buy) at present. Arbor Realty Trust (ABR): Free Stock Analysis Report |
29939.0 | 2022-06-21 00:00:00 UTC | Arbor Realty Trust (ABR) Gains But Lags Market: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-gains-but-lags-market%3A-what-you-should-know-5 | nan | nan | Arbor Realty Trust (ABR) closed at $12.93 in the latest trading session, marking a +0.54% move from the prior day. This move lagged the S&P 500's daily gain of 2.45%. Meanwhile, the Dow gained 2.15%, and the Nasdaq, a tech-heavy index, added 0.4%.
Prior to today's trading, shares of the real estate investment trust had lost 20.17% over the past month. This has lagged the Finance sector's loss of 6.21% and the S&P 500's loss of 5.71% in that time.
Investors will be hoping for strength from Arbor Realty Trust as it approaches its next earnings release. The company is expected to report EPS of $0.43, down 4.44% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $183.38 million, up 74.39% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.86 per share and revenue of $773.65 million, which would represent changes of -7.46% and +65.99%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Arbor Realty Trust. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Arbor Realty Trust is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note Arbor Realty Trust's current valuation metrics, including its Forward P/E ratio of 6.91. Its industry sports an average Forward P/E of 8.06, so we one might conclude that Arbor Realty Trust is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed at $12.93 in the latest trading session, marking a +0.54% move from the prior day. Arbor Realty Trust (ABR): Free Stock Analysis Report To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $12.93 in the latest trading session, marking a +0.54% move from the prior day. For the full year, our Zacks Consensus Estimates are projecting earnings of $1.86 per share and revenue of $773.65 million, which would represent changes of -7.46% and +65.99%, respectively, from the prior year. | Arbor Realty Trust (ABR) closed at $12.93 in the latest trading session, marking a +0.54% move from the prior day. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust is currently sporting a Zacks Rank of #2 (Buy). | Arbor Realty Trust (ABR) closed at $12.93 in the latest trading session, marking a +0.54% move from the prior day. Arbor Realty Trust (ABR): Free Stock Analysis Report This move lagged the S&P 500's daily gain of 2.45%. |
29940.0 | 2022-06-16 00:00:00 UTC | Arbor Realty Trust Named Top Dividend Stock With Insider Buying and 11.53% Yield (ABR) | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-named-top-dividend-stock-with-insider-buying-and-11.53-yield-abr | nan | nan | In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Arbor Realty Trust Inc (Symbol: ABR), which saw buying by Director Melvin F. Lazar.
Back on May 12, Lazar invested $40,975.00 into 2,500 shares of ABR, for a cost per share of $16.39. In trading on Thursday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 25.0% cheaper than Lazar, with shares changing hands as low as $12.29 per share. It should be noted that Lazar has collected $0.38/share in dividends since the time of their purchase, so they are currently down 22.7% on their purchase from a total return basis. Arbor Realty Trust Inc shares are currently trading -6.18% on the day. The chart below shows the one year performance of ABR shares, versus its 200 day moving average:
Looking at the chart above, ABR's low point in its 52 week range is $12.29 per share, with $20.74 as the 52 week high point — that compares with a last trade of $12.32. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
03/16/2022 William C. Green Director 2,500 $17.47 $43,675.00
05/12/2022 Melvin F. Lazar Director 2,500 $16.39 $40,975.00
The DividendRank report noted that among the coverage universe, ABR shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent ABR share price of $13.18 represents a price-to-book ratio of 1.1 and an annual dividend yield of 11.53% — by comparison, the average company in Dividend Channel's coverage universe yields 4.2% and trades at a price-to-book ratio of 2.5. The report also cited the strong quarterly dividend history at Arbor Realty Trust Inc, and favorable long-term multi-year growth rates in key fundamental data points.
The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''
The annualized dividend paid by Arbor Realty Trust Inc is $1.52/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/19/2022. Below is a long-term dividend history chart for ABR, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
The Top DividendRank'ed Stocks With Insider Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One such company is Arbor Realty Trust Inc (Symbol: ABR), which saw buying by Director Melvin F. Lazar. Back on May 12, Lazar invested $40,975.00 into 2,500 shares of ABR, for a cost per share of $16.39. In trading on Thursday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 25.0% cheaper than Lazar, with shares changing hands as low as $12.29 per share. | One such company is Arbor Realty Trust Inc (Symbol: ABR), which saw buying by Director Melvin F. Lazar. 03/16/2022 William C. Green Director 2,500 $17.47 $43,675.00 05/12/2022 Melvin F. Lazar Director 2,500 $16.39 $40,975.00 The DividendRank report noted that among the coverage universe, ABR shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent ABR share price of $13.18 represents a price-to-book ratio of 1.1 and an annual dividend yield of 11.53% — by comparison, the average company in Dividend Channel's coverage universe yields 4.2% and trades at a price-to-book ratio of 2.5. | In trading on Thursday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 25.0% cheaper than Lazar, with shares changing hands as low as $12.29 per share. The chart below shows the one year performance of ABR shares, versus its 200 day moving average: Looking at the chart above, ABR's low point in its 52 week range is $12.29 per share, with $20.74 as the 52 week high point — that compares with a last trade of $12.32. For example, the recent ABR share price of $13.18 represents a price-to-book ratio of 1.1 and an annual dividend yield of 11.53% — by comparison, the average company in Dividend Channel's coverage universe yields 4.2% and trades at a price-to-book ratio of 2.5. | One such company is Arbor Realty Trust Inc (Symbol: ABR), which saw buying by Director Melvin F. Lazar. Back on May 12, Lazar invested $40,975.00 into 2,500 shares of ABR, for a cost per share of $16.39. In trading on Thursday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 25.0% cheaper than Lazar, with shares changing hands as low as $12.29 per share. |
29941.0 | 2022-06-15 00:00:00 UTC | Arbor Realty Trust (ABR) Stock Sinks As Market Gains: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-stock-sinks-as-market-gains%3A-what-you-should-know-3 | nan | nan | Arbor Realty Trust (ABR) closed the most recent trading day at $13.18, moving -1.2% from the previous trading session. This change lagged the S&P 500's 1.46% gain on the day. At the same time, the Dow added 1%, and the tech-heavy Nasdaq lost 0.17%.
Heading into today, shares of the real estate investment trust had lost 23.16% over the past month, lagging the Finance sector's loss of 6.38% and the S&P 500's loss of 6.94% in that time.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release. In that report, analysts expect Arbor Realty Trust to post earnings of $0.43 per share. This would mark a year-over-year decline of 4.44%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $183.38 million, up 74.39% from the year-ago period.
ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. These results would represent year-over-year changes of -7.46% and +65.99%, respectively.
Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Arbor Realty Trust is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Arbor Realty Trust is holding a Forward P/E ratio of 7.17. For comparison, its industry has an average Forward P/E of 7.79, which means Arbor Realty Trust is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed the most recent trading day at $13.18, moving -1.2% from the previous trading session. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. Arbor Realty Trust (ABR): Free Stock Analysis Report | Arbor Realty Trust (ABR) closed the most recent trading day at $13.18, moving -1.2% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed the most recent trading day at $13.18, moving -1.2% from the previous trading session. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. | Arbor Realty Trust (ABR) closed the most recent trading day at $13.18, moving -1.2% from the previous trading session. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. Arbor Realty Trust (ABR): Free Stock Analysis Report |
29942.0 | 2022-06-13 00:00:00 UTC | 3 Stocks With Robust Dividend Growth That Pay Investors Handsomely | ABR | https://www.nasdaq.com/articles/3-stocks-with-robust-dividend-growth-that-pay-investors-handsomely | nan | nan | It’s been anything but smooth sailing in the market throughout 2022. Valuations have been slashed, and bears have had the upper hand all year. Buyers have entirely retreated, and for understandable reasons – we’ve found ourselves in a very unique economic environment coming out of a once-in-a-lifetime pandemic.
With inflation at levels we haven’t seen in decades, the Fed has been forced to become aggressive, cranking borrowing rates to alleviate the issue impacting the pockets of consumers.
Tech has been hit the hardest, and for understandable reasons – valuation levels became somewhat unreasonable during the initial phases of the pandemic in the low-interest-rate environment.
During times of market weakness, it’s beneficial to have a solid income stream from your investments. After all, who doesn’t enjoy getting paid?
We’re here to look at three stocks – Arbor Realty Trust ABR, Golden Ocean Group Limited GOGL, and Gerdau SA GGB – that have high dividend yields paired with solid dividend growth rates.
The year-to-date chart below shows the performance of all three stocks while blending in the S&P 500 as a benchmark.
Image Source: Zacks Investment Research
As we can see, all three stocks have performed relatively well when compared to the S&P 500, undoubtedly a positive. Let’s get into why these three stocks would be a solid bet for investors looking to add an income stream to their portfolio amid a challenging economic environment.
Gerdau SA
Gerdau SA GGB is the leading company in the production of long steel in the Americas and one of the major suppliers of specialty long steel in the world. The company transforms millions of metric tons of scrap into steel each year. GGB resides within the Zacks Steel – Producers Industry, which currently ranks in the top 10% of all Zacks Industries.
The company has robust dividend metrics. GGB’s annual dividend yield sits at an enticing 6.1%, with a payout ratio sitting very sustainably at 9% of earnings. On top of that, the company has been rapidly increasing its dividend, with 11 increases in just five years, giving it a five-year annualized dividend growth rate of a massive 65%. Additionally, the yield is much higher than that of the S&P 500.
Image Source: Zacks Investment Research
GGB also has an enticingly low 3.5X forward earnings multiple, nicely below highs of 6.6X earlier in 2022. The value is well below the S&P 500’s forward P/E ratio of 17.4X, reflecting a staggering 80% discount relative to the general market. GGB boasts a Style Score of a B for Value.
GGB is a Zacks Rank #2 (Buy).
Golden Ocean Group Limited
Golden Ocean Group Limited GOGL is a leading international dry bulk shipping company. The company provides customers with flexible and reliable transportation services and develops strong industry relations with partners and customers. It resides within the Zacks Transportation – Shipping Industry, which is in the top 12% of all Zacks Industries.
GOGL enjoys rewarding its shareholders via its 14.9% dividend yield - much higher than the S&P 500’s 1.5% annual yield. Additionally, the company is committed to increasingly rewarding its shareholders, as displayed by its eight dividend increases in the past five years and a five-year annualized dividend growth rate of a massive 56%.
Image Source: Zacks Investment Research
The company’s forward earnings multiple sits on the low side at 5.5X, well below highs earlier this year of 10.3X, and much lower than the S&P 500’s value – shares trade at a deep 68% discount relative to the general market. The company sports a Style Score of an A for Value.
GOGL is a Zacks Rank #2 (Buy).
Arbor Realty Trust
Arbor Realty Trust ABR is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities, and other real estate-related assets.
ABR’s annual dividend yield sits pretty in the double-digits at 10%, with a payout ratio sitting at 75% of earnings. What sticks out to me is the company’s commitment to rewarding shareholders – the company has increased its dividend a jaw-dropping 16 times over the last five years and has a five-year annualized dividend growth rate in the double-digits of 15.5%. The yield is much higher than that of the S&P 500.
Image Source: Zacks Investment Research
ABR has enticing valuation levels, further displayed by its Style Score of B for Value. Its forward earnings multiple sits nicely at 8.4X, well below highs of 13.3X in 2019, and well below the five-year median of 10.3X. In addition, shares trade at a steep 51% discount relative to the S&P 500.
Image Source: Zacks Investment Research
ABR is a Zacks Rank #2 (Buy).
Bottom Line
Investing for an income stream is a popular way for investors to balance out a portfolio. During times of overall market weakness, income-related stocks provide a reliable cash flow, undoubtedly easing drawdowns.
All three companies above have robust dividend metrics, solid valuation levels, and all carry a high Zacks Rank. These three stocks would be great places to start for investors with an appetite for income.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Gerdau S.A. (GGB): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Golden Ocean Group Limited (GOGL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | We’re here to look at three stocks – Arbor Realty Trust ABR, Golden Ocean Group Limited GOGL, and Gerdau SA GGB – that have high dividend yields paired with solid dividend growth rates. Arbor Realty Trust Arbor Realty Trust ABR is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities, and other real estate-related assets. ABR’s annual dividend yield sits pretty in the double-digits at 10%, with a payout ratio sitting at 75% of earnings. | We’re here to look at three stocks – Arbor Realty Trust ABR, Golden Ocean Group Limited GOGL, and Gerdau SA GGB – that have high dividend yields paired with solid dividend growth rates. Image Source: Zacks Investment Research ABR has enticing valuation levels, further displayed by its Style Score of B for Value. Arbor Realty Trust Arbor Realty Trust ABR is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities, and other real estate-related assets. | We’re here to look at three stocks – Arbor Realty Trust ABR, Golden Ocean Group Limited GOGL, and Gerdau SA GGB – that have high dividend yields paired with solid dividend growth rates. Arbor Realty Trust Arbor Realty Trust ABR is a specialized real estate finance company investing in real estate-related bridge and mezzanine loans, preferred equity, mortgage-related securities, and other real estate-related assets. ABR’s annual dividend yield sits pretty in the double-digits at 10%, with a payout ratio sitting at 75% of earnings. | We’re here to look at three stocks – Arbor Realty Trust ABR, Golden Ocean Group Limited GOGL, and Gerdau SA GGB – that have high dividend yields paired with solid dividend growth rates. Image Source: Zacks Investment Research ABR has enticing valuation levels, further displayed by its Style Score of B for Value. Image Source: Zacks Investment Research ABR is a Zacks Rank #2 (Buy). |
29943.0 | 2022-06-13 00:00:00 UTC | Relative Strength Alert For Arbor Realty Trust | ABR | https://www.nasdaq.com/articles/relative-strength-alert-for-arbor-realty-trust-0 | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Arbor Realty Trust Inc (Symbol: ABR) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Arbor Realty Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of ABR entered into oversold territory, changing hands as low as $14.47 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Arbor Realty Trust Inc, the RSI reading has hit 26.2 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 37.4. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, ABR's recent annualized dividend of 1.52/share (currently paid in quarterly installments) works out to an annual yield of 10.01% based upon the recent $15.19 share price.
A bullish investor could look at ABR's 26.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABR is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at ABR's 26.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Arbor Realty Trust Inc (Symbol: ABR) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Arbor Realty Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of ABR entered into oversold territory, changing hands as low as $14.47 per share. | Indeed, ABR's recent annualized dividend of 1.52/share (currently paid in quarterly installments) works out to an annual yield of 10.01% based upon the recent $15.19 share price. Arbor Realty Trust Inc (Symbol: ABR) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Arbor Realty Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of ABR entered into oversold territory, changing hands as low as $14.47 per share. | Arbor Realty Trust Inc (Symbol: ABR) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Arbor Realty Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of ABR entered into oversold territory, changing hands as low as $14.47 per share. Indeed, ABR's recent annualized dividend of 1.52/share (currently paid in quarterly installments) works out to an annual yield of 10.01% based upon the recent $15.19 share price. | Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABR is its dividend history. Arbor Realty Trust Inc (Symbol: ABR) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Arbor Realty Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of ABR entered into oversold territory, changing hands as low as $14.47 per share. |
29944.0 | 2022-06-09 00:00:00 UTC | Arbor Realty Trust (ABR) Stock Moves -1.57%: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-stock-moves-1.57%3A-what-you-should-know | nan | nan | Arbor Realty Trust (ABR) closed the most recent trading day at $15.63, moving -1.57% from the previous trading session. This change was narrower than the S&P 500's 2.38% loss on the day. Meanwhile, the Dow lost 1.94%, and the Nasdaq, a tech-heavy index, lost 0.6%.
Coming into today, shares of the real estate investment trust had lost 4.34% in the past month. In that same time, the Finance sector gained 0.51%, while the S&P 500 lost 0.07%.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.43, down 4.44% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $183.38 million, up 74.39% from the prior-year quarter.
ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. These results would represent year-over-year changes of -7.46% and +65.99%, respectively.
Investors might also notice recent changes to analyst estimates for Arbor Realty Trust. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Arbor Realty Trust is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, Arbor Realty Trust is holding a Forward P/E ratio of 8.54. For comparison, its industry has an average Forward P/E of 8.68, which means Arbor Realty Trust is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABR in the coming trading sessions, be sure to utilize Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. Arbor Realty Trust (ABR) closed the most recent trading day at $15.63, moving -1.57% from the previous trading session. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. | Arbor Realty Trust (ABR) closed the most recent trading day at $15.63, moving -1.57% from the previous trading session. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. Arbor Realty Trust (ABR): Free Stock Analysis Report | Arbor Realty Trust (ABR) closed the most recent trading day at $15.63, moving -1.57% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed the most recent trading day at $15.63, moving -1.57% from the previous trading session. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $773.65 million. |
29945.0 | 2022-06-06 00:00:00 UTC | Arbor Realty Trust (ABR) Stock Sinks As Market Gains: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-stock-sinks-as-market-gains%3A-what-you-should-know-2 | nan | nan | In the latest trading session, Arbor Realty Trust (ABR) closed at $16.14, marking a -1.41% move from the previous day. This change lagged the S&P 500's 0.31% gain on the day. At the same time, the Dow added 0.05%, and the tech-heavy Nasdaq gained 0.14%.
Coming into today, shares of the real estate investment trust had lost 5.65% in the past month. In that same time, the Finance sector lost 0.4%, while the S&P 500 lost 1.38%.
Wall Street will be looking for positivity from Arbor Realty Trust as it approaches its next earnings report date. On that day, Arbor Realty Trust is projected to report earnings of $0.43 per share, which would represent a year-over-year decline of 4.44%. Our most recent consensus estimate is calling for quarterly revenue of $183.38 million, up 74.39% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.86 per share and revenue of $773.65 million. These totals would mark changes of -7.46% and +65.99%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Arbor Realty Trust. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.65% higher. Arbor Realty Trust is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that Arbor Realty Trust has a Forward P/E ratio of 8.8 right now. For comparison, its industry has an average Forward P/E of 8.89, which means Arbor Realty Trust is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 147, which puts it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABR in the coming trading sessions, be sure to utilize Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the latest trading session, Arbor Realty Trust (ABR) closed at $16.14, marking a -1.41% move from the previous day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. Arbor Realty Trust (ABR): Free Stock Analysis Report | In the latest trading session, Arbor Realty Trust (ABR) closed at $16.14, marking a -1.41% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. | Arbor Realty Trust (ABR): Free Stock Analysis Report In the latest trading session, Arbor Realty Trust (ABR) closed at $16.14, marking a -1.41% move from the previous day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. | In the latest trading session, Arbor Realty Trust (ABR) closed at $16.14, marking a -1.41% move from the previous day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. Arbor Realty Trust (ABR): Free Stock Analysis Report |
29946.0 | 2022-06-02 00:00:00 UTC | You Won't Want to Miss This Under-the-Radar High-Yield Stock | ABR | https://www.nasdaq.com/articles/you-wont-want-to-miss-this-under-the-radar-high-yield-stock | nan | nan | Mortgage-focused real estate investment trusts (REITs) are known for their eye-popping dividend yields. Many companies in the sector currently offer payouts above 10%. However, those higher yields come with more risk. Several mortgage REITs have had to slash or suspend their dividends in the past, while many more have struggled to consistently increase their payouts.
The mortgage REIT sector's checkered past makes Arbor Realty Trust (NYSE: ABR) stand out. The relatively unknown REIT has defied the odds by steadily increasing its high-yield dividend over the last several years.
Image source: Getty Images.
An impressive streak
Arbor Realty Trust hit a milestone earlier this year. The REIT delivered its 10th straight year of dividend growth -- impressive considering that many of its rivals have reduced their dividends in recent years. That's due to the impact of changing interest rates on their financing strategies.
In addition to that excellent annual dividend growth streak, Arbor has strung together a nice series of quarterly increases. It recently delivered its eighth straight quarterly increase. Overall, it has boosted its dividend by 27% during those two years. This growth has helped push its dividend yield to an eye-catching 9.2%.
The secret to Arbor Realty's success
Arbor Realty has a differentiated business model compared to its peers. Most mortgage REITs buy long-duration debt that they finance with short-term borrowings to take advantage of the spread between long- and short-term interest rates. However, this net interest margin can contract during periods of volatility, causing many mortgage REITs to suspend or reduce their dividends.
Arbor takes a different funding approach. Its balance-sheet strategy focuses on using long-term debt to fund loans it originates. Because of that, changes in interest rates don't have as big an impact on its net interest margin.
Another key aspect of Arbor's strategy is its focus on funding the multifamily sector. These properties are historically very recession-resistant, which reduces the default rate. Because of that, loans Arbor holds tend to remain current.
Furthermore, the REIT focuses on originating loans instead of buying them from other lenders. That enables it to earn high-margin loan origination fees, especially on loans it sells to government agencies. Another aspect of its business is servicing loans it holds and those it sells to agencies. This servicing business generates recurring income streams. Arbor's diversified business model provides lots of steady income to support its dividend.
Arbor can then build off that stable foundation and grow its business by originating more loans to hold and sell. That helps increase its recurring income streams from loan servicing and interest income. For example, Arbor originated $2.83 billion of loans during the first quarter, growing its portfolio by 17%. It now directly holds $14.2 billion of debt, yielding 4.38%, up from $12.2 billion of debt yielding 4.26% since the start of the year. In addition, the REIT has a fee-based servicing portfolio approaching $27 billion that supplies recurring income.
Given the continued strong demand for housing in the country, Arbor should be able to keep growing its loan portfolio. Developers and real estate investors will need financing to build and renovate apartment communities and build more single-family rental homes, another area of focus for Arbor.
This high-yielding REIT is worth considering
Most mortgage REITs are too risky for income-seeking investors because of their fluctuating payouts. However, Arbor's business model has proved successful in this volatile industry, enabling it to steadily increase its payout over the past decade. With demand for housing still strong, it stands out as a compelling option for yield-seeking investors.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The mortgage REIT sector's checkered past makes Arbor Realty Trust (NYSE: ABR) stand out. In addition to that excellent annual dividend growth streak, Arbor has strung together a nice series of quarterly increases. However, Arbor's business model has proved successful in this volatile industry, enabling it to steadily increase its payout over the past decade. | The mortgage REIT sector's checkered past makes Arbor Realty Trust (NYSE: ABR) stand out. The REIT delivered its 10th straight year of dividend growth -- impressive considering that many of its rivals have reduced their dividends in recent years. That helps increase its recurring income streams from loan servicing and interest income. | The mortgage REIT sector's checkered past makes Arbor Realty Trust (NYSE: ABR) stand out. The REIT delivered its 10th straight year of dividend growth -- impressive considering that many of its rivals have reduced their dividends in recent years. The secret to Arbor Realty's success Arbor Realty has a differentiated business model compared to its peers. | The mortgage REIT sector's checkered past makes Arbor Realty Trust (NYSE: ABR) stand out. Arbor can then build off that stable foundation and grow its business by originating more loans to hold and sell. For example, Arbor originated $2.83 billion of loans during the first quarter, growing its portfolio by 17%. |
29947.0 | 2022-05-23 00:00:00 UTC | Strong Insider Buying Found in the Underlying Holdings of MORT | ABR | https://www.nasdaq.com/articles/strong-insider-buying-found-in-the-underlying-holdings-of-mort | nan | nan | A look at the weighted underlying holdings of the Mortgage REIT Income ETF (MORT) shows an impressive 21.4% of holdings on a weighted basis have experienced insider buying within the past six months.
Arbor Realty Trust Inc (Symbol: ABR), which makes up 5.00% of the Mortgage REIT Income ETF (MORT), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $10,651,298 worth of ABR, making it the #6 largest holding. The table below details the recent insider buying activity observed at ABR:
ABR — last trade: $15.67 — Recent Insider Buys:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
11/26/2021 William C. Green Director 2,450 $18.13 $44,420
03/16/2022 William C. Green Director 2,500 $17.47 $43,675
05/12/2022 Melvin F. Lazar Director 2,500 $16.39 $40,975
And Hannon Armstrong Sustainable Infrastructure Capital Inc (Symbol: HASI), the #8 largest holding among components of the Mortgage REIT Income ETF (MORT), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $9,336,916 worth of HASI, which represents approximately 4.38% of the ETF's total assets at last check. The recent insider buying activity observed at HASI is detailed in the table below:
HASI — last trade: $37.99 — Recent Insider Buys:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
05/15/2022 Jeffrey Lipson Chief Financial Officer 3,000 $37.18 $111,540
05/13/2022 Jeffrey Eckel President and CEO 2,668 $37.41 $99,810
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust Inc (Symbol: ABR), which makes up 5.00% of the Mortgage REIT Income ETF (MORT), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $10,651,298 worth of ABR, making it the #6 largest holding. The table below details the recent insider buying activity observed at ABR: ABR — last trade: $15.67 — Recent Insider Buys: | Arbor Realty Trust Inc (Symbol: ABR), which makes up 5.00% of the Mortgage REIT Income ETF (MORT), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at ABR: ABR — last trade: $15.67 — Recent Insider Buys: The ETF holds a total of $10,651,298 worth of ABR, making it the #6 largest holding. | The table below details the recent insider buying activity observed at ABR: ABR — last trade: $15.67 — Recent Insider Buys: Arbor Realty Trust Inc (Symbol: ABR), which makes up 5.00% of the Mortgage REIT Income ETF (MORT), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $10,651,298 worth of ABR, making it the #6 largest holding. | Arbor Realty Trust Inc (Symbol: ABR), which makes up 5.00% of the Mortgage REIT Income ETF (MORT), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $10,651,298 worth of ABR, making it the #6 largest holding. The table below details the recent insider buying activity observed at ABR: ABR — last trade: $15.67 — Recent Insider Buys: |
29948.0 | 2022-05-20 00:00:00 UTC | Will Insiders Be Tempted To Buy More ABR At The New 52-Week Low? | ABR | https://www.nasdaq.com/articles/will-insiders-be-tempted-to-buy-more-abr-at-the-new-52-week-low | nan | nan | In trading on Friday, shares of Arbor Realty Trust Inc (Symbol: ABR) touched a new 52-week low of $15.71/share. That's a $5.03 share price drop, or -24.25% decline from the 52-week high of $20.74 set back on 11/01/2021. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABR that means the stock would have to gain 32.02% to get back to the 52-week high. For a move like that, Arbor Realty Trust Inc would need fundamental strength at the business level.
Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as ABR shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, ABR has seen 2 different instances of insiders buying over the past six months.
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
11/26/2021 William C. Green Director 2,450 $18.13 $44,420.50
03/16/2022 William C. Green Director 2,500 $17.47 $43,675.00
05/12/2022 Melvin F. Lazar Director 2,500 $16.39 $40,975.00
In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where ABR has traded over the past year, with the 50-day and 200-day moving averages included.
Time will tell whether the insider purchases foretell a future rebound for ABR shares, which are presently showing a last trade of $15.76/share, slightly above the new 52-week low.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Friday, shares of Arbor Realty Trust Inc (Symbol: ABR) touched a new 52-week low of $15.71/share. Time will tell whether the insider purchases foretell a future rebound for ABR shares, which are presently showing a last trade of $15.76/share, slightly above the new 52-week low. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABR that means the stock would have to gain 32.02% to get back to the 52-week high. | In trading on Friday, shares of Arbor Realty Trust Inc (Symbol: ABR) touched a new 52-week low of $15.71/share. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABR that means the stock would have to gain 32.02% to get back to the 52-week high. So let's take a look to see whether any company insiders were taking the other side of the trade as ABR shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. | Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABR that means the stock would have to gain 32.02% to get back to the 52-week high. So let's take a look to see whether any company insiders were taking the other side of the trade as ABR shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. In trading on Friday, shares of Arbor Realty Trust Inc (Symbol: ABR) touched a new 52-week low of $15.71/share. | Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABR that means the stock would have to gain 32.02% to get back to the 52-week high. The chart below shows where ABR has traded over the past year, with the 50-day and 200-day moving averages included. In trading on Friday, shares of Arbor Realty Trust Inc (Symbol: ABR) touched a new 52-week low of $15.71/share. |
29949.0 | 2022-05-10 00:00:00 UTC | Validea John Neff Strategy Daily Upgrade Report - 5/10/2022 | ABR | https://www.nasdaq.com/articles/validea-john-neff-strategy-daily-upgrade-report-5-10-2022 | nan | nan | The following are today's upgrades for Validea's Low PE Investor model based on the published strategy of John Neff. This strategy looks for firms with persistent earnings growth that trade at a discount relative to their earnings growth and dividend yield.
SILVERCREST ASSET MANAGEMENT GROUP INC (SAMG) is a small-cap value stock in the Investment Services industry. The rating according to our strategy based on John Neff changed from 62% to 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Silvercrest Asset Management Group Inc. is a full-service wealth management company that is focused on providing financial advisory and related family office services to high-net-worth individuals and institutional investors. The Company offers a suite of complementary and customized family office services for families seeking oversight of their financial affairs. The Company views its operations as comprising one operating segment, the investment management industry. The Company provides a range of administrative services to the management of certain of its company's funds of funds and other investment funds collectively, the Silvercrest Funds. It also provides a range of family office services to some of its clients, including philanthropic, estate and wealth planning services, tax planning and preparation, financial statement, bill paying and record keeping services, bank loan arrangement and payment services and property and casualty insurance review.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: FAIL
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of SILVERCREST ASSET MANAGEMENT GROUP INC
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CONTINENTAL RESOURCES, INC. (CLR) is a large-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on John Neff changed from 60% to 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Continental Resources, Inc. is an independent crude oil and natural gas company. The Company is engaged in the exploration, development, management, and production of crude oil and natural gas and associated products in the North, South, and East regions of the United States. The Company's North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken, Powder River Basin, and the Red River units. The Company's South region includes all properties south of Nebraska and west of the Mississippi River and includes the SCOOP and STACK areas of Oklahoma and the Permian Basin of Texas. The Company's East region is primarily comprised of undeveloped leasehold acreage east of the Mississippi River with no significant drilling or production operations.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: FAIL
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: FAIL
EPS PERSISTENCE: PASS
Detailed Analysis of CONTINENTAL RESOURCES, INC.
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AMN HEALTHCARE SERVICES, INC. (AMN) is a mid-cap value stock in the Business Services industry. The rating according to our strategy based on John Neff changed from 62% to 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company operates through three segments: nurse and allied solutions; physician and leadership solutions, and technology and workforce solutions. The nurse and allied solutions segment includes its travel nurse staffing, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions businesses. The physician and leadership solutions segment includes its locum tenens staffing, healthcare interim leadership staffing, executive search, and physician permanent placement businesses. The technology and workforce solutions segment includes its language interpretation services, vendor management systems, credentialing, and flex pool management businesses. Its Clients include acute-care hospitals, community health centers, and clinics.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: FAIL
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of AMN HEALTHCARE SERVICES, INC.
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SIERRA BANCORP (BSRR) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on John Neff changed from 62% to 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a California state-chartered bank, which offers a range of retail and commercial banking services via branch offices located throughout California's South San Joaquin Valley, the Central Coast, Ventura County, and neighboring communities. It provides an Internet branch which provides the ability to open deposit accounts online; an online banking option with bill-pay and mobile banking capabilities; online lending solutions for consumers and small businesses; a customer service center, and an automated telephone banking system. Its lending activities cover real estate, commercial (including small businesses), mortgage warehouse, agricultural, and consumer loans. In addition to loans, it offers a range of deposit products and services for individuals and businesses, including checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of SIERRA BANCORP
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WEST BANCORPORATION, INC. (WTBA) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on John Neff changed from 62% to 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: West Bancorporation, Inc. is a financial holding company. The Company owns West Bank (the Bank), which is a business-focused community bank. The Company operates in the markets, including central Iowa, which is generally the greater Des Moines metropolitan area; eastern Iowa, which includes the area surrounding Iowa City and Coralville, and southern Minnesota, which includes the cities of Rochester, Owatonna, Mankato and St. Cloud. The Bank offers a range of deposit services, including checking, savings and money market accounts and time certificates of deposit. The Bank also offers Internet, mobile banking and treasury management services, which help to meet the banking needs of its customers. It offers many types of credit to its customers, including commercial, real estate and consumer loans. It also offers trust services, including the administration of estates, conservatorships, personal trusts and agency accounts.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of WEST BANCORPORATION, INC.
Full Guru Analysis for WTBA
Full Factor Report for WTBA
LAKELAND BANCORP, INC. (LBAI) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on John Neff changed from 62% to 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Lakeland Bancorp, Inc. is the bank holding company for Lakeland Bank (Lakeland). Lakeland offers financial products and services for businesses and consumers. Lakeland offers a range of offers business and retail banking products and services throughout New Jersey and in Highland Mills, New York. Its business services include commercial loans and lines of credit, commercial real estate loans, loans for healthcare services, asset-based lending, equipment financing, small business loans and lines and cash management services. Its consumer services include online and mobile banking, home equity loans and lines, mortgage options and wealth management solutions. It also provides investment advisory services for individuals and businesses. Its depository products include demand deposits, as well as savings, money market and time accounts. It offers Internet banking, mobile banking, wire transfer and night depository services to the business community and municipal relationships.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of LAKELAND BANCORP, INC.
Full Guru Analysis for LBAI
Full Factor Report for LBAI
ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. The rating according to our strategy based on John Neff changed from 58% to 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arbor Realty Trust, Inc. is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily, single-family rental (SFR) and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages and preferred and direct equity. The Company operates in two segments: Structured Business and Agency Business. It also invests in real estate-related joint ventures and in real estate-related notes and certain mortgage-related securities. The Company is focused on investment types, which include Bridge Financing, Preferred Equity Investments, Mezzanine Financing, Junior Participation Financing, Single-Family Rental Portfolio Financing, Structured Transactions, government-sponsored enterprises (GSE) and Housing and Urban Development (HUD) Agency Lending and Private Label. It also underwrites, originate and service long-term permanent fixed rate loans on SFR properties.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: FAIL
EPS PERSISTENCE: FAIL
Detailed Analysis of ARBOR REALTY TRUST INC
Full Guru Analysis for ABR
Full Factor Report for ABR
More details on Validea's John Neff strategy
About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. He was mild-mannered and low-key, and the same might be said of the Windsor Fund that he managed for more than three decades. In fact, Neff himself described the fund as "relatively prosaic, dull, [and] conservative." There was nothing dull about his results, however. From 1964 to 1995, Neff guided Windsor to a 13.7 percent average annual return, easily outpacing the S&P 500's 10.6 percent return during that time. That 3.1 percentage point difference is huge over time -- a $10,000 investment in Windsor (with dividends reinvested) at the start of Neff's tenure would have ended up as more than $564,000 by the time he retired, more than twice what the same investment in the S&P would have yielded (about $233,000). Considering the length of his tenure, that track record may be the best ever for a manager of such a large fund.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of LAKELAND BANCORP, INC. Full Guru Analysis for LBAI Full Factor Report for LBAI ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR More details on Validea's John Neff strategy About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. Its consumer services include online and mobile banking, home equity loans and lines, mortgage options and wealth management solutions. | Detailed Analysis of LAKELAND BANCORP, INC. Full Guru Analysis for LBAI Full Factor Report for LBAI ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR More details on Validea's John Neff strategy About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. In addition to loans, it offers a range of deposit products and services for individuals and businesses, including checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts. | Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR More details on Validea's John Neff strategy About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. Detailed Analysis of LAKELAND BANCORP, INC. Full Guru Analysis for LBAI Full Factor Report for LBAI ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. It also provides a range of family office services to some of its clients, including philanthropic, estate and wealth planning services, tax planning and preparation, financial statement, bill paying and record keeping services, bank loan arrangement and payment services and property and casualty insurance review. | Detailed Analysis of LAKELAND BANCORP, INC. Full Guru Analysis for LBAI Full Factor Report for LBAI ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR More details on Validea's John Neff strategy About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. The Company owns West Bank (the Bank), which is a business-focused community bank. |
29950.0 | 2022-05-09 00:00:00 UTC | 2 “Strong Buy” Dividend Stocks With at Least 8% Dividend Yield | ABR | https://www.nasdaq.com/articles/2-strong-buy-dividend-stocks-with-at-least-8-dividend-yield-0 | nan | nan | A series of headwinds have inflamed worries lately, as investors try to find a path through geopolitical turmoil and the threat of recession in the mid-term. Worse are the stubborn inflationary pressures, rising prices that show no signs of slowing down. Taken all together, these factors are straining the economy and have pushed the S&P 500 well into correction territory this year, down by 15% so far. All of this has investors moving heavily into defensive stocks.
Watching the market conditions for financial firm Morningstar, manager research analyst Ryan Jackson gets down to the bottom line: “Investors want safety, they want security, and they want to go somewhere where they feel like their money is going to be a little more protected, even in a turbulent environment.”
When markets and futures are uncertain, and volatility is high, the logical portfolio move is into high-yield dividend payers. These are the classic defensive plays, giving investors a dual path toward returns, from both the share appreciation and the dividend payments.
Bearing this in mind, we used the TipRanks’ database to zero-in on two stocks that are showing high dividend yields – on the order of 8% or more. Each stock also holds a Strong Buy consensus rating; let’s see what makes them so attractive to Wall Street’s analysts.
Arbor Realty Trust (ABR)
First up is Arbor Realty Trust, a mortgage lender working with both Fannie Mae and Freddie Mac to provide loan funding. The company also offers financing for developers putting up multifamily residences – the type of project that Arbor Realty Trust focuses on. The main part of the company’s business is mortgage lending for apartment projects and commercial properties.
Arbor’s business has been solid in recent quarters, and the company beat the EPS forecast in 1Q22 by a wide margin. GAAP EPS came in at 55 cents, compared to the estimate of 45 cents. The company supported that earnings beat with 17% portfolio growth, and $2.83 billion in loan originations.
The company’s sound financial results support a high dividend, of 38 cents per common share. This payment, declared early this month, was up 1 cent from the previous quarter, and marked the eighth quarter in a row of sequential dividend increases. The company has bumped up the dividend by 27% over the past two years. At the current level, the dividend payment annualizes to $1.52 and gives a yield of 8.7%.
Covering this stock for Piper Sandler, analyst Crispin Love sees plenty of potential for investors to grab onto. He writes: “Given macro uncertainty and volatility in the markets, we are pointing investors to names that can perform best in these uncertain times and we believe Arbor fits the bill given its historical performance, diversified revenue streams, and tailwinds in the multifamily bridge space. Multifamily bridge has been a popular space in recent quarters given strong demand and pristine credit quality and Arbor has a competitive advantage in this space given its history and performance across multiple cycles."
"While we expect interest rate volatility in 2022 and some pressure to earnings, we believe the dividend is safe given the payout ratio and our expectation that ABR will continue to comfortably cover the dividend with core earnings,” Love added.
All of the above makes it clear why Love is now standing with the bulls. The analyst rates ABR an Overweight (i.e. Buy) while his $20 price target implies an upside of ~17% for the year ahead. Based on the current dividend yield and the expected price appreciation, the stock has ~26% potential total return profile. (To watch Love’s track record, click here)
Judging by the consensus breakdown, opinions are anything but mixed. With 3 Buys and no Holds or Sells assigned in the last three months, the word on the Street is that ABR is a Strong Buy. At $21.67, the average price target implies ~28% upside potential from current levels. (See ABR stock forecast on TipRanks)
Redwood Trust (RWT)
The second dividend stock we’ll look at is Redwood Trust, another name in the long roster of real estate investment trusts (REITs), a class of company known as dividend champions. Redwood works in residential real estate, investing in a combination of mortgage-backed securities, prime jumbo residential loans, and multifamily securities. Those latter are Freddie Mac and Fannie Mae loans backed by the Federal government.
During the recent first quarter of 2022, Redwood reported the deployment of $128 million worth of capital in new investments. The company also funded $920 million worth of business purpose loans, and distributed $2.5 billion worth of jumbo residential loans. These activities, combined with past quarters’ ongoing loan activity, generated a GAAP income of 24 cents per diluted share. While down sequentially from 4Q21, the Q1 EPS was nearly triple the year-ago value.
That income in 1Q22 was enough – and to spare – to cover the 23-cent regular share dividend declared for the quarter. The payment is the second in a row at this level, but the company has raised the dividend 5 times since the June payment of 2020. At the current rate, the dividend of 23 cents annualizes to 92 cents per common share and gives a strong dividend of 9.1%.
In addition, Redwood has been moving to expand its lending portfolio. The most recent such move, in April of this year, was the acquisition agreement with Riverbend Funding. The acquisition adds Riverbend’s private mortgage lending to Redwood’s business purpose mortgage platform. The acquisition, for an undisclosed amount, is expected to close by the middle of this year.
In an in-depth review of this stock, 5-star analyst Stephen Laws, from investment firm Raymond James, points out that the company’s earnings missed the estimates – but adds, “Originations remained strong in 1Q, and the Riverbend acquisition expands the business purpose lending platform... We expect RWT to maintain the quarterly dividend of $0.23 per share in 2022 and pay a quarterly dividend of $0.25 per share in 2023... We believe shares should trade at a premium to book value given the strength in the operating business, dividend growth, our expectation of continued book value growth, and the internal management structure.”
In line with these comments, Laws puts a Strong Buy rating on RWT shares, and backs that with a $16 price target, suggesting an upside of 61% in the next 12 months. (To watch Laws’ track record, click here)
Overall, Redwood’s 7 recent analyst reviews break down 7 to 1 in favor of Buys over Holds, giving the stock its Strong Buy consensus rating – and showing that Wall Street is clearly aligned with the bullish view here. The shares are trading for $9.91 and the $13.50 average price target points toward a 36% one-year upside. (See RWT stock forecast on TipRanks)
To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) First up is Arbor Realty Trust, a mortgage lender working with both Fannie Mae and Freddie Mac to provide loan funding. "While we expect interest rate volatility in 2022 and some pressure to earnings, we believe the dividend is safe given the payout ratio and our expectation that ABR will continue to comfortably cover the dividend with core earnings,” Love added. The analyst rates ABR an Overweight (i.e. Buy) while his $20 price target implies an upside of ~17% for the year ahead. | Arbor Realty Trust (ABR) First up is Arbor Realty Trust, a mortgage lender working with both Fannie Mae and Freddie Mac to provide loan funding. "While we expect interest rate volatility in 2022 and some pressure to earnings, we believe the dividend is safe given the payout ratio and our expectation that ABR will continue to comfortably cover the dividend with core earnings,” Love added. The analyst rates ABR an Overweight (i.e. Buy) while his $20 price target implies an upside of ~17% for the year ahead. | (See ABR stock forecast on TipRanks) Redwood Trust (RWT) The second dividend stock we’ll look at is Redwood Trust, another name in the long roster of real estate investment trusts (REITs), a class of company known as dividend champions. Arbor Realty Trust (ABR) First up is Arbor Realty Trust, a mortgage lender working with both Fannie Mae and Freddie Mac to provide loan funding. "While we expect interest rate volatility in 2022 and some pressure to earnings, we believe the dividend is safe given the payout ratio and our expectation that ABR will continue to comfortably cover the dividend with core earnings,” Love added. | (See ABR stock forecast on TipRanks) Redwood Trust (RWT) The second dividend stock we’ll look at is Redwood Trust, another name in the long roster of real estate investment trusts (REITs), a class of company known as dividend champions. Arbor Realty Trust (ABR) First up is Arbor Realty Trust, a mortgage lender working with both Fannie Mae and Freddie Mac to provide loan funding. "While we expect interest rate volatility in 2022 and some pressure to earnings, we believe the dividend is safe given the payout ratio and our expectation that ABR will continue to comfortably cover the dividend with core earnings,” Love added. |
29951.0 | 2022-05-09 00:00:00 UTC | Why Arbor Realty Trust Stock Held Firm in April Despite the Market Plunge | ABR | https://www.nasdaq.com/articles/why-arbor-realty-trust-stock-held-firm-in-april-despite-the-market-plunge | nan | nan | What happened
Last month was a brutal one for investors. The S&P 500 tumbled 8.8%, according to data provided by S&P Global Market Intelligence, taking most stocks down with it.
However, not all stocks were in the red last month. Mortgage-focused real estate investment trust (REIT) Arbor Realty Trust (NYSE: ABR) kept its head above water, gaining 0.2% last month.
Here's what allowed it to deliver stronger relative performance in a challenging month for the broader market.
Image source: Getty Images.
So what
For the most part, April was a quiet month for Arbor Realty Trust. The only news of note for the mortgage REIT came from an analyst. Piper Sandler's Crispin Love initiated coverage on the company, giving it an overweight rating and setting a $20 price target (about 15% above the current price). The analyst pointed to the company's diversified revenue model, industry headwinds for multifamily bridge lending, and attractive valuation as reasons he thinks shares should trade higher.
Love also noted that the weakness in shares during the prior month due to the market's volatility and its equity issuance makes it look like a great opportunity for investors to start a position in Arbor or add to an existing one.
While April didn't have many news-driven catalysts, May has been a busier month for the mortgage REIT. Earlier this month, it reported its first-quarter results, posting $0.55 of distributable earnings per share. That was well ahead of the $0.47 analyst consensus estimate and an improvement from $0.52 per share in the year-ago period.
Arbor Realty Trust grew its portfolio by 17%, driven by strong loan originations of $2.83 billion. The main driver was multifamily bridge loans originated to help fund new developments or property acquisitions. The company also successfully raised capital to finance its continued growth, including selling equity in March and closing other funding vehicles.
Those strong results enabled the mortgage REIT to increase its dividend for the eighth straight quarter. Overall, Arbor has grown its payout by 27% in the last two years. That's an impressive showing considering that many mortgage REITs struggle to consistently grow their dividends.
Now what
Arbor Realty Trust's focus on multifamily lending is paying dividends for investors. The country's housing shortage is driving demand for apartments, pushing up occupancy levels and rental rates. That's leading apartment investors to expand, driving the need for funding from companies like Arbor.
While rising interest rates could cool off investment in the near term, the country's worsening housing shortage suggests the industry will need to continue developing more multifamily units, which should enable Arbor to continue growing its loan portfolio.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Mortgage-focused real estate investment trust (REIT) Arbor Realty Trust (NYSE: ABR) kept its head above water, gaining 0.2% last month. The analyst pointed to the company's diversified revenue model, industry headwinds for multifamily bridge lending, and attractive valuation as reasons he thinks shares should trade higher. Love also noted that the weakness in shares during the prior month due to the market's volatility and its equity issuance makes it look like a great opportunity for investors to start a position in Arbor or add to an existing one. | Mortgage-focused real estate investment trust (REIT) Arbor Realty Trust (NYSE: ABR) kept its head above water, gaining 0.2% last month. Now what Arbor Realty Trust's focus on multifamily lending is paying dividends for investors. While rising interest rates could cool off investment in the near term, the country's worsening housing shortage suggests the industry will need to continue developing more multifamily units, which should enable Arbor to continue growing its loan portfolio. | Mortgage-focused real estate investment trust (REIT) Arbor Realty Trust (NYSE: ABR) kept its head above water, gaining 0.2% last month. 10 stocks we like better than Arbor Realty Trust When our award-winning analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of April 7, 2022 Matthew DiLallo has no position in any of the stocks mentioned. | Mortgage-focused real estate investment trust (REIT) Arbor Realty Trust (NYSE: ABR) kept its head above water, gaining 0.2% last month. Arbor Realty Trust grew its portfolio by 17%, driven by strong loan originations of $2.83 billion. Now what Arbor Realty Trust's focus on multifamily lending is paying dividends for investors. |
29952.0 | 2022-05-09 00:00:00 UTC | Arbor Realty Trust (ABR) Passes Through 9% Yield Mark | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-passes-through-9-yield-mark | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of Arbor Realty Trust Inc (Symbol: ABR) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.52), with the stock changing hands as low as $16.64 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 9% would appear considerably attractive if that yield is sustainable. Arbor Realty Trust Inc (Symbol: ABR) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Arbor Realty Trust Inc, looking at the history chart for ABR below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 9% annual yield.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of Arbor Realty Trust Inc (Symbol: ABR) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.52), with the stock changing hands as low as $16.64 on the day. Arbor Realty Trust Inc (Symbol: ABR) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Arbor Realty Trust Inc, looking at the history chart for ABR below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 9% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of Arbor Realty Trust Inc (Symbol: ABR) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.52), with the stock changing hands as low as $16.64 on the day. Arbor Realty Trust Inc (Symbol: ABR) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Arbor Realty Trust Inc, looking at the history chart for ABR below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 9% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of Arbor Realty Trust Inc (Symbol: ABR) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.52), with the stock changing hands as low as $16.64 on the day. In the case of Arbor Realty Trust Inc, looking at the history chart for ABR below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 9% annual yield. Arbor Realty Trust Inc (Symbol: ABR) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of Arbor Realty Trust Inc (Symbol: ABR) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.52), with the stock changing hands as low as $16.64 on the day. Arbor Realty Trust Inc (Symbol: ABR) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Arbor Realty Trust Inc, looking at the history chart for ABR below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 9% annual yield. |
29953.0 | 2022-05-06 00:00:00 UTC | Arbor Realty Trust (ABR) Beats Q1 Earnings and Revenue Estimates | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-beats-q1-earnings-and-revenue-estimates | nan | nan | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.40 per share when it actually produced earnings of $0.57, delivering a surprise of 42.50%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $166.7 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $91.14 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Arbor Realty Trust shares have lost about 5.7% since the beginning of the year versus the S&P 500's decline of -13%.
What's Next for Arbor Realty Trust?
While Arbor Realty Trust has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Arbor Realty Trust: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.43 on $177.77 million in revenues for the coming quarter and $1.78 on $730.82 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
AFC Gamma Inc. (AFCG), another stock in the same industry, has yet to report results for the quarter ended March 2022. The results are expected to be released on May 10.
This company is expected to post quarterly earnings of $0.61 per share in its upcoming report, which represents a year-over-year change of +35.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
AFC Gamma Inc.'s revenues are expected to be $17.23 million, up 267.3% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.44 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.44 per share. Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $166.7 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 0.91%. | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.44 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $166.7 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 0.91%. | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.44 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $166.7 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 0.91%. |
29954.0 | 2022-05-06 00:00:00 UTC | Arbor Realty Trust (ABR) Q1 2022 Earnings Call Transcript | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-q1-2022-earnings-call-transcript | nan | nan | Image source: The Motley Fool.
Arbor Realty Trust (NYSE: ABR)
Q1 2022 Earnings Call
May 06, 2022, 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning, ladies and gentlemen, and welcome to the first quarter 2022 Arbor Realty Trustearnings conference call [Operator instructions] I would now like to turn the call over to your speaker today, Paul Elenio, chief financial officer. Please go ahead.
Paul Elenio -- Chief Financial Officer
OK. Thank you, Leo. Good morning, everyone, and welcome to the quarterlyearnings callfor Arbor Realty Trust. This morning, we'll discuss the results for the quarter ended March 31, 2022.
With me on the call today is Ivan Kaufman, our president and chief executive officer. Before we begin, I need to inform you that statements made in thisearnings callmay be deemed forward-looking statements that are subject to risks and uncertainties, including information about possible assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. These statements are based on beliefs, assumptions and expectations of our future performance, taking into account the information currently available to us. Factors that could cause actual results to differ materially from Arbor's expectations in these forward-looking statements are detailed in our SEC reports.
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Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today. Arbor undertakes no obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after today with the occurrences of unanticipated events. I'll now turn the call over to Arbor's president and CEO, Ivan Kaufman.
Ivan Kaufman -- President and Chief Executive Officer
Thank you, Paul, and thanks to everyone for joining us on today's call. As you can see from this morning's press release, we had another tremendous quarter, which continues to demonstrate our unique ability to consistently deliver outsized returns through our diverse operating platform. As a result, we're able to once again increase our dividend to $0.38 a share. And this is our eighth consecutive quarterly dividend increase, representing 27% growth over that same time period.
We believe it's now more important than ever to continue to stress the many advantages of our unique business model, especially in light of the changing landscape of higher interest rates, continued inflation and the potential for another recessionary cycle on the horizon. We built a premium operating platform that is focused on the right asset classes with a very stable liability structures. We have a thriving balance sheet, GSE, agency private label and single-family rental business as well as an industry-leading securitization platform as it allowed us to produce a long track record of exceptional performance of consistent earnings and dividend growth. And we can't emphasize enough the value of having an annuity-based business model with multiple products that produce many diverse income streams.
This has allowed us to consistently grow our earnings and dividends in all cycles while maintaining the lowest dividend ratio payout in the industry, creating a substantial cushion between our core earnings and dividends. There are significant differentiating factors from the rest of our peer group, most of which have a monoline business, have struggled to maintain their dividends and have very little upside for future dividend growth, especially considering an anticipated recessionary environment. And this is why we strongly believe that we're in a class by ourselves, and we should trade at a substantial premium at a much lower dividend yield than anyone else in our peer group. Turning now to our first quarter performance.
As Paul will discuss in more detail, our quarterly financial results were once again remarkable. We produced distributable earnings of $0.55 per share, which is well in excess of our current dividend, representing a payout ratio of around 70%. In our balance sheet business, we had another outstanding quarter. As one of the top multifamily balance sheet lenders in the industry, we continue to see opportunities for significant growth.
As a result, we grew our balance sheet loan book another 17% in the first quarter to $14.2 billion on $2.8 billion of new originations. We also have a very robust pipeline, which gives us great confidence in our ability to continue to meaningfully grow our loan book for the balance of the year. And again, these balance sheet loans create significant value for our platform as they are not only accretive to our current earnings and dividends, but also allow us to build a pipeline for two to three years of new GSE/Agency and private label loans that produce additional long-term dated income streams, ensuring the long-term growth of our platform and creating high-quality earnings and dividends for the future. We have consistently been a leader in the CLO securitization market as our financing and high-quality balance sheet portfolio with the appropriate liability structures continues to be one of the key business strategies.
We were very successful in continuing to access the CLO securitization market in the first quarter, closing another $2 billion CLO. The utilization of these vehicles has contributed greatly to our success by allowing us to appropriately match-fund our assets with nonrecourse, non-mark-to-market, long-term debt and generate attractive levered on our capital. And again, we are very focused on the right side of our balance sheet with approximately 65% [Inaudible] in our first quarter from the sharp increase in interest rates. However, more importantly, we are seeing a significant uptick in our pipeline as the market is adjusting to the changing rate environment, and we expect to be able to close the gap substantially by the end of the year and produce relatively similar agency volumes as compared to the prior year.
In fact, April's origination volume was much stronger with $475 million of loan closings. Our GSE/Agency platform continues to offer premium value as it requires limited capital and generates significant, long-dated, predictable income streams and produces significant annual cash flow. Additionally, our $27 billion GSE/Agency servicing portfolio, which has grown 6% in the last year, is mostly prepayment-protected and generates approximately $120 million a year in reoccurring cash flow. This is in addition to the strong gain on sale margins we continue to generate from our originations platform, which will continue to contribute greatly to our earnings and dividends.
And as we mentioned on our last call, we also closed our fourth private label securitization totaling $490 million in the first quarter, which continues to demonstrate the strength and diversity of our versatile lending platform and tremendous securitization expertise. We've also built a growing single-family rental platform with a comm pipeline well in excess of $1 billion, which makes us optimistic about our ability to continue to scale this business going forward. We're a leader in the build-to-rent space, which provides us with the opportunity to originate construction bridge and permanent loans in the same transaction. And again, like our balance sheet business, this platform provides us yet another path to future transactions that will produce additional long-dated income streams.
In summary, we had another tremendous quarter, allowing us to once again increase our dividend. We strategically built our platform with multiple products that produce many diverse income streams, which provides us with the future annuity of high-quality, long-dated reoccurring earnings. We're also the premier multifamily originator in this space, and we are invested in the right asset classes with very stable liability structures, which positions us extremely well to succeed in every market cycle and gives us great confidence in our ability to continue to significantly outperform our peers. I will now turn the call over to Paul to take you through the financial results.
Paul Elenio -- Chief Financial Officer
OK. Thank you, Ivan. As Ivan mentioned, we had another exceptional quarter, producing distributable earnings of $93 million or $0.55 per share. These results translated into industry higher ROEs of approximately 18%, allowing us to once again increase our dividend for the eighth consecutive quarter to an annual run rate of $1.52 a share.
Our financial results continue to benefit greatly from many aspects of our diverse annuity-based business model that allows us to produce multiple income streams from a single investment, giving us confidence in our ability to continue to generate high-quality, long-dated recurring earnings in the future. In our GSE/Agency Business, we originated $761 million in GSE loans and recorded $1.1 billion in GSE loan sales in the first quarter. We generated margins on those GSE loan sales of 1.39% in the first quarter compared to 1.52% in the fourth quarter. As we mentioned on our last call, with the change in the interest rate environment, we do expect margins to be more normalized in 2022 in the range we previously guided to of 1.30% to 1.50%, depending on the mix of our product.
We also recorded $15 million of mortgage servicing rights income related to $975 million of committed loans in the first quarter, representing an average MSR rate of around 1.57% compared to 1.88% last quarter, mainly due to having a greater mix of Fannie Mae loans in the fourth quarter versus the first quarter, and those loans contain higher servicing fees. Our servicing portfolio was approximately $27 billion on March 31, with a weighted average servicing fee of 44 basis points and has an estimated remaining life of nine years. This portfolio will continue to generate a predictable annuity of income going forward of around $120 million gross annually, which is relatively unchanged from last quarter due to the continued increased runoff in our portfolio. As a result of this runoff, prepayment fees related to certain loans that have prepayment protection provisions continue to be elevated with $16 million in prepayment fees received in the first quarter compared to $20 million in the fourth quarter.
In our balance sheet lending operation, we grew our portfolio another 17% to $14.2 billion in the first quarter on volume of $2.8 billion. Our $14.2 billion investment portfolio had an all-in yield of 4.74% at March 31 compared to 4.62% at December 31, mainly due to increases in LIBOR and SOFR rates, largely offset by higher rates on runoff as compared to new originations during the quarter. The average balance in our core investments increased substantially to $13 billion this quarter from $10.5 billion last quarter, mainly due to significant growth we experienced in both the first and fourth quarters. The average yield on these investments was 4.86% for the first quarter compared to 5.03% for the fourth quarter, mainly due to higher interest rates on runoff as compared to originations in the first and fourth quarters, partially offset by the effect of higher SOFR and LIBOR rates in the first quarter, net of the impact of LIBOR floors on our portfolio.
Total debt on our core assets was approximately $12.9 billion at March 31, with an all-in debt cost of approximately 2.81%, which was up from debt cost of around 2.61% at December 31, mainly due to increased LIBOR and SOFR rates. The average balance in our debt facility was up to approximately $12 billion for the first quarter from $9.4 billion in the fourth quarter, mostly due to financing the growth in our portfolio. And the average cost of funds on our debt facility was flat at 2.65% for both the first and fourth quarters from slightly higher average interest rates, offset by reduced pricing from our CLO vehicles and warehouse facilities. Our overall net interest spreads in our core assets decreased to 2.21% this quarter compared to 2.38% last quarter, and our overall spot net interest spreads were also down to 1.93% at March 31 from 2.01% at December 31 due to yield compression on new originations as compared to runoff and from debt cost increasing more than asset yields as a result of rising interest rates and LIBOR floors that are still in effect on certain loans in our portfolio.
However, it's important to note, as the current LIBOR and SOFR curves are predicted to continue to increase, any further increases in these rates will produce a net positive increase to our net interest income spreads on our balance sheet book due to rates being above the average LIBOR floors in our portfolio. In fact, all things remaining equal, a 1% increase in rates would produce approximately $0.05 a share annually in additional earnings. Additionally, as rates rise, we will begin to earn more income from the significant amount of escrow balances we have from our Agency Business and large balance sheet loan book, which will also increase our earnings going forward and is unique to our business model. That completes our prepared remarks for this morning, and I'll now turn it back to the operator to take any questions you may have at this time.
Leo?
Questions & Answers:
Operator
Thank you. [Operator instructions] We'll take our first question from Steve Delaney, JMP Securities. Please go ahead.
Steve Delaney -- JMP Securities -- Analyst
Good morning, Ivan and Paul. Thank you for taking my question. It strikes me a lot of lot of positive things in your report, but it strikes me as if I had to pick one highlight in the quarter, it would be the Structured Business volume, $2.8 billion, took the portfolio up 16%. That wouldn't happen -- that business wouldn't happen without your access to CLOs.
I think you would agree. And could you talk a little bit about the latest CLO, I guess that CLO 18, the $2 billion? And maybe talk a little bit about that execution compared to, say, the CLO 17 that you did late last year? Thank you.
Ivan Kaufman -- President and Chief Executive Officer
Sure. So clearly, the last CLO we did of $2 billion was very sizable, and it was important for us given the volume. I think if you look in the, I think, commercial observer or one of the rags, we actually -- there was a CLO that was just price. We really can't speak about it, but it's in there.
We're an active issuer of CLOs. The pricing of CLOs have changed with the market. And the good news about the way we run our business, we're always on track as to where the market is and adjusting the pricing of our originations to match the CLO execution. So our CLOs continue to change.
Our pricing to our customers continue to change. We always like to have somewhere between 50% to 75% of CLO debt to total outstandings. We're currently sitting around 65%, which is a very comfortable rate relative to where we want to be specifically in this cycle. So we're well prepared with our CLOs and with our liability structure is pretty much intact, I'm very comfortable with our position.
Steve Delaney -- JMP Securities -- Analyst
OK. The average -- the spread there was LIBOR plus 181, and that was flat to the CLO 17. Do you expect that, that is where the market is today and will kind of remain in that near 180 basis point range on a weighted average?
Ivan Kaufman -- President and Chief Executive Officer
No, not at all. The markets widened up considerably. In fact, we've raised our pricing to our consumers, I think, five times since December. So we've increased our pricing five times to match where the market is.
And basically, each price is an eigth increase, and we've also adjusted our credit guidelines considerably over the last nine months as well. So if you take those five increases, we've increased our price in five-eight to almost three-quarters across the board. We've done it gradually to match how the markets have moved. So that's how our business runs.
Usually, there's a lag of a couple of weeks, but not that much of a lag. So we're consistently taking new loan originations, pricing them accordingly too with the CLO market. So we're pretty aggressive about it. Some of the people in the market lag a lot more than we do.
We're pretty much spot on, given our level of volume and where we are in the market and more specifically, a real clear knowledge of where the CLO market is executing to.
Steve Delaney -- JMP Securities -- Analyst
That's helpful.
Paul Elenio -- Chief Financial Officer
Steve, it's Paul. I just wanted to correct you. So yes, we had a 181 pricing on our last CLO. As you mentioned, the one before, it was 68.
So things have widened a little bit, as Ivan said and continue to. But as Ivan mentioned, we're totally in tune to what our levered return is. And because we're so active in the CLO market, we're able to adjust our pricing according to get to that targeted levered return, which is something that I think is unique to our platform as we're so in tune to what that market is, and we're a market leader.
Steve Delaney -- JMP Securities -- Analyst
Great. And your SFR product and your BFR product, do I understand that you are putting those loans into the same CLO program that you do with your traditional bridge loans?
Ivan Kaufman -- President and Chief Executive Officer
On the exit but not on the aggregation aspects. When it comes to the construction, what we'll do is that's done on a separate line. Some of the loans on the bridge side, once they're stabilized, they'll be going to our CLOs once they fit multifamily characteristics.
Steve Delaney -- JMP Securities -- Analyst
Got it. But during the interim, because of the complexity of construction draws and everything, that's your take -- your CLOs, your takeout once you're past your development construction period.
Ivan Kaufman -- President and Chief Executive Officer
Once they were to stabilize -- once they were stable -- once the units are up and running and get leased up, yes.
Steve Delaney -- JMP Securities -- Analyst
Yeah. Thank you both for your comments.
Paul Elenio -- Chief Financial Officer
Thank you, Steve.
Operator
[Operator instructions] We'll move next to Stephen Laws of Raymond James.
Stephen Laws -- Raymond James -- Analyst
Hi, good morning. Ivan and Paul, you guys have both touched on this a number of quarters in a row and would love to get updated thoughts. And I think, Paul, you touched a little bit on your prepared remarks, but kind of early repayments been running pretty high the last few quarters. Kind of curious what you're seeing there, maybe in April.
Or is the volatility and maybe changing macro outlook made some people more reluctant to pay those penalties to refi early?
Paul Elenio -- Chief Financial Officer
Sure. So let me give you some numbers, Steve, and then I'll turn it to Ivan to the market color. You did mention, I should address some of that in my prepared remarks. It still continues to surprise me that -- the level of prepayments we're seeing.
There's still a lot of sale activity in the market. Prices are still elevated. We'll see where that goes with the changing environment. But we did have another $1.250 billion of agency runoff in the quarter that generated $16 million of prepayment fees.
As I've said last quarter, we do think that slows down as interest rates rise. Obviously, naturally, yield maintenance burns off when interest rates rise, although we did say we thought it would be elevated in the first and maybe the second quarter. And we were right, it was elevated in the first quarter. In the second quarter in April, we had $350 million of agency runoff in April, and we generated just over 4 million in prepayment fees from that.
So we do think it slows over time. When that happens exactly, it's hard to determine. But obviously, with rising interest rates, those numbers will be more challenging to have higher prepayment fees. But Ivan could give his view on where he thinks runoff goes, given the state of the market and how people view those prepayment fees challenges.
Ivan Kaufman -- President and Chief Executive Officer
Yes. I think we'll have another robust quarter next quarter because there's still a lot of assets in the market for sale. However, the prepayment fees could come down a little bit as the yield maintenance is a little less because rates are a little bit higher. Multifamily values seem -- still seem to be maintaining themselves.
So the substantial gains that a lot of people have in their multifamily assets and a lot of people are monetizing those gains even if they have to pay prepayments because their gains way outweigh the prepayment factor relative to their total gain perspective. So I do think they'll slow a little bit in the third and fourth quarter as the market kind of takes to readjust a little bit, but we certainly kind of expect a reasonable quarter next quarter.
Stephen Laws -- Raymond James -- Analyst
Great. Appreciate the comments this morning, Ival and Paul.
Thanks, Steve.
Operator
We'll take our next question from Crispin Love of Piper Sandler.
Crispin Love -- Piper Sandler -- Analyst
Thanks. Good morning, everyone. My first one is on the originations trajectory in the Structured Business. I think last quarter, you were talking about $1 billion per month or a little bit less than that.
So just curious if you could provide an update on what you're seeing currently and then also how that could impact originations in the second quarter and throughout the year.
Ivan Kaufman -- President and Chief Executive Officer
Sure. Well, clearly, we're the market leader on providing bridge debt in the multifamily sector. And even as we continue to raise our pricing, I think we had two price increases over the last 14 days. We're still seeing originations at that similar level of about $1 billion a quarter, which is where we're kind of managing to.
So for the moment, we're in pretty reasonable shape with our pipeline. I think that through June, August, July, we're at that level, and we haven't seen a slowdown as of this point. I think with the volatility of the 10-year fixed rate markets, I think people are still very interested in heading toward floating rate deals until they see the market settle out. In addition, I think you still have at least another six months of [Inaudible] properties and still bringing lagging rents to market and there's like a 10% gap between rents a year ago and today.
So I think until you see that full turn of rents, the bridge product will be an attractive financing alternative, especially in this market volatility.
Paul Elenio -- Chief Financial Officer
And Crispin, it's Paul. Welcome, by the way, and thank you for your participation. To Ivan's point, I'll just give you a couple of numbers for April because we have them. Obviously, we're in May.
So we did close $800 million of bridge product in the month of April. We did have $500 million of runoff in April. But as Ivan said, our clip in our pace is probably between that $800 million and $1 billion a month going forward. Now of the $500 million runoff we did see in our balance sheet book, we were able to recapture 35% of that in our agency product, which is great, and that's our model.
As you know, that's what we strive for. And so of the $475 million of agency product we did in April, about 35% of that $500 million that ran off in the balance sheet book went right into the agency product. So that's our model. That's great execution for us.
That's what we strive for, but those are some of the numbers around April.
Crispin Love -- Piper Sandler -- Analyst
Great. Thanks, Ivan and Paul. That's helpful. And then just one on gain on sale revenue.
It seemed like it was significantly lower in the quarter sequentially. Can you speak to what drove that? Or if there are any noncore items there that's driving that or if there's just something that I'm missing there?
Paul Elenio -- Chief Financial Officer
Sure. So let me take you through that. So first of all, you got to look at it as two line items, Crispin, on the P&L that you've got to combine a little bit, and we do it in distributable earnings to help you guys on a rec. So the gain on sale, fee-based services and gain on sale item did look really low, but then you got to look at the gain on -- the gain from derivatives line.
And we had our APL securitization of $489 million in the first quarter. And obviously, with where interest rates went, the assets were worth less the fixed rate assets. But the swaps were worth more, so the swaps were usually in the money, and the assets were less in the money. So you've got to take about $17.1 million of that $17.3 million on that line item and add it up to the gain on sale number.
That puts you at about $19 million on a gain on sale, which is about a margin of 101.18, and that's because the APL product gapped out a little bit, and we had a little less margin on that than we have in the past. But on the Agency Business, if you strip out the APL and that $1.1 billion of agency, we did about a 101.39 margin, and that was compared to a101.52 margin in the past. What I've said in my commentary is given the change in interest rates, we do expect margins to be a little tighter. But some of it also has to do with mix.
We had less FHA loan sales in the first quarter than we did in the fourth quarter, and that's just timing of when stuff originates and when we sell it. And obviously, the FHA business, as we've commented in the past, is like a 104 business. So that certainly can skew the margins. And then we also have the single-family rental business.
We also have a permanent loan product, where we originate fixed rate loans and then we sell them into the market with no risk. And we had -- we really didn't have any of those sales in the first quarter. Again, it's timing, and we had a few of those sales in the fourth quarter, and those were like a 102, 103 margin. So a lot of it is mix on the general straight down the middle, Fannie, Freddie.
The margins haven't really changed. It just has to deal with the mix, and that's why we guide to a 101.30 to 101.50 margin going forward.
Operator
[Operator instructions] We'll move next to Jade Rahmani of KBW.
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
Thank you very much. Volumes continue to remain extremely strong in the market. And at this point, do you think that's a function of investors rushing in to capture current interest rates before there's future increases or something else that's driving that?
Ivan Kaufman -- President and Chief Executive Officer
I think the multifamily sector seems to be one of the most resilient sectors, and I think there's just a lot of investor demand in this sector. We're seeing that also in the build-to-rent sector as well. Those are just two sectors that continue to drive a lot of equity, and the sales from what I hear in the first quarter and to date are still extremely strong. I do believe there'll be a little bit of a reset as rates change and people take a step back and reevaluate, but we're pretty optimistic in terms of overall multifamily sales opportunities going forward for the balance of the year.
Maybe they'll cool off slightly. But even if they do cool off, they'll readjust, and maybe you'll have a gap for about 60 days as a market reset to how they're going to view interest rates and the potential for a recession.
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
And in that gap, widening, do you expect there's going to be multifamily cap rate widening? Could you put some parameters perhaps around the magnitude that you're thinking about?
Ivan Kaufman -- President and Chief Executive Officer
Yeah. Contrary to everybody else, we've been very much anticipating inflation and a potential recession, and we've underwritten cap rate expansion to about 50 basis points from where it is today, heavily criticized for, but that's our position. We believe that as rates widened and rent growth slows, you'll see a bit of a widening on the cap rate side. Even if you have strong investor demand, you still need to have the kind of returns to their equity and that's our perspective.
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
Thank you. On the $500 million of runoff you saw in April, 35% of those went into agency. So those refinanced from a bridge product into a fixed rate product with longer-term duration. What does the other 65% do in your insight?
Paul Elenio -- Chief Financial Officer
Yes. Most of it -- so you're right, 35%, and most of that 35% was a large deal that we had on the bridge side that we were able to take out in the agency side, which is great. The rest of that, for the most part, were sales that walked away. And so we didn't recapture the rest of that because it was mostly as a result of the sales of properties, which we don't always control the take out of the sale.
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
Just a strategic question. The platform, the company overall has grown tremendously over the last multiple years. There's a cohort of mortgage REITs that you could argue are subscale in the market trading at discounts to net asset value or book value. Would acquisitions, M&A ever be something of interest? Or do you believe Arbor's just got this unique multifamily focused platform that works well between the structured and the GSE business that not really interested in branching out?
Paul Elenio -- Chief Financial Officer
Ivan, are you there?
Ivan Kaufman -- President and Chief Executive Officer
Can you repeat the question? I fell off the call. I'm sorry, we're back on.
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
Yes. It's an M&A question, mergers and acquisitions, Arbor has grown tremendously over the last five years and has a strong niche within the multifamily small balance as well as bridge lending market. Would the company be interested in M&A in the mortgage REIT space to expand its overall footprint into other products? Or is that not really a focus?
Ivan Kaufman -- President and Chief Executive Officer
I think we've always had a history of M&A. We haven't done that much over the last couple of years only because we think the pricing in the market has really been a little bit inappropriate for -- to be accretive to the company. I think now as we go into a different cycle, there may be some opportunities to expand our product lines and different ways we do business. So I think given the strength of our balance sheet and our performance and our earnings and our position in the marketplace, there could be some opportunities if there's a bit of a downturn.
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
Thanks very much for taking the question.
Operator
This concludes our question-and-answer session. I'm happy to return the call to Ivan Kaufman for closing remarks.
Ivan Kaufman -- President and Chief Executive Officer
All right. Well, thank you, everybody, for your participation. It's been clearly another great quarter. We've had a great run.
And for a long period of time, it is a changing environment, which we believe we're extraordinarily well positioned for, and we look forward to everybody's participation next quarter. Have a great weekend, everybody.
Paul Elenio -- Chief Financial Officer
Thank you.
Operator
[Operator signoff]
Duration: 34 minutes
Call participants:
Paul Elenio -- Chief Financial Officer
Ivan Kaufman -- President and Chief Executive Officer
Steve Delaney -- JMP Securities -- Analyst
Stephen Laws -- Raymond James -- Analyst
Crispin Love -- Piper Sandler -- Analyst
Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst
More ABR analysis
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (NYSE: ABR) Q1 2022 Earnings Call May 06, 2022, 10:00 a.m. Operator [Operator signoff] Duration: 34 minutes Call participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- President and Chief Executive Officer Steve Delaney -- JMP Securities -- Analyst Stephen Laws -- Raymond James -- Analyst Crispin Love -- Piper Sandler -- Analyst Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst More ABR analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. We have a thriving balance sheet, GSE, agency private label and single-family rental business as well as an industry-leading securitization platform as it allowed us to produce a long track record of exceptional performance of consistent earnings and dividend growth. | Operator [Operator signoff] Duration: 34 minutes Call participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- President and Chief Executive Officer Steve Delaney -- JMP Securities -- Analyst Stephen Laws -- Raymond James -- Analyst Crispin Love -- Piper Sandler -- Analyst Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst More ABR analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Arbor Realty Trust (NYSE: ABR) Q1 2022 Earnings Call May 06, 2022, 10:00 a.m. Our financial results continue to benefit greatly from many aspects of our diverse annuity-based business model that allows us to produce multiple income streams from a single investment, giving us confidence in our ability to continue to generate high-quality, long-dated recurring earnings in the future. | Operator [Operator signoff] Duration: 34 minutes Call participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- President and Chief Executive Officer Steve Delaney -- JMP Securities -- Analyst Stephen Laws -- Raymond James -- Analyst Crispin Love -- Piper Sandler -- Analyst Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst More ABR analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Arbor Realty Trust (NYSE: ABR) Q1 2022 Earnings Call May 06, 2022, 10:00 a.m. We also recorded $15 million of mortgage servicing rights income related to $975 million of committed loans in the first quarter, representing an average MSR rate of around 1.57% compared to 1.88% last quarter, mainly due to having a greater mix of Fannie Mae loans in the fourth quarter versus the first quarter, and those loans contain higher servicing fees. | Operator [Operator signoff] Duration: 34 minutes Call participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- President and Chief Executive Officer Steve Delaney -- JMP Securities -- Analyst Stephen Laws -- Raymond James -- Analyst Crispin Love -- Piper Sandler -- Analyst Jade Rahmani -- Keefe, Bruyette and Woods -- Analyst More ABR analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Arbor Realty Trust (NYSE: ABR) Q1 2022 Earnings Call May 06, 2022, 10:00 a.m. This is in addition to the strong gain on sale margins we continue to generate from our originations platform, which will continue to contribute greatly to our earnings and dividends. |
29955.0 | 2022-05-06 00:00:00 UTC | Financial Sector Update for 05/06/2022: TREE,Z,ZG,ABR,GHLD | ABR | https://www.nasdaq.com/articles/financial-sector-update-for-05-06-2022%3A-treezzgabrghld | nan | nan | Financial stocks extended their Friday declines in afternoon trading, with the NYSE Financial Index sliding 1.7% while the SPDR Financial Select Sector ETF (XLF) was off 0.7%.
The Philadelphia Housing Index was dropping 1.4% and the SPDR Real Estate Select Sector ETF (XLRE) was slipping 1.1%.
Bitcoin was increasing 0.1% to $36,094, reversing a midday retreat, while the yield for 10-year US Treasuries was climbing 5.7 basis points to 3.123%.
In company news, LendingTree (TREE) tumbled almost 13% on Friday, after a 5% gain the consumer credit company put up during the previous session after reporting higher non-GAAP net income and revenue during its Q1 compared with its year-ago results and exceeding Wall Street estimates. The company, however, cut its 2022 revenue guidance.
Zillow Group (Z, ZG) fell 4.2% after the online real estate marketplace company overnight said it expects $967 million in Q2 revenue at the midpoint of its outlook compared with the Capital IQ consensus looking for $1.78 billion.
Arbor Realty Trust (ABR) was 0.5% higher, reversing a nearly 1% decline earlier Friday, after the real estate investment trust reported Q1 distributable earnings and revenue exceeding Wall Street expectations and also increased its quarterly cash dividend by 2.7% over current levels to $0.38 per share.
Guild Holdings (GHLD) rose 6.6% after reporting non-GAAP Q1 net income of $0.53 per share, down from $1.77 per share during the same quarter in 2021 but still exceeding the analyst mean expecting the mortgage lender to earn $0.36 per share. Revenue fell 8.4% year-over-year to $481.8 million, also topping the $285.6 million analyst mean.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) was 0.5% higher, reversing a nearly 1% decline earlier Friday, after the real estate investment trust reported Q1 distributable earnings and revenue exceeding Wall Street expectations and also increased its quarterly cash dividend by 2.7% over current levels to $0.38 per share. The Philadelphia Housing Index was dropping 1.4% and the SPDR Real Estate Select Sector ETF (XLRE) was slipping 1.1%. Zillow Group (Z, ZG) fell 4.2% after the online real estate marketplace company overnight said it expects $967 million in Q2 revenue at the midpoint of its outlook compared with the Capital IQ consensus looking for $1.78 billion. | Arbor Realty Trust (ABR) was 0.5% higher, reversing a nearly 1% decline earlier Friday, after the real estate investment trust reported Q1 distributable earnings and revenue exceeding Wall Street expectations and also increased its quarterly cash dividend by 2.7% over current levels to $0.38 per share. Financial stocks extended their Friday declines in afternoon trading, with the NYSE Financial Index sliding 1.7% while the SPDR Financial Select Sector ETF (XLF) was off 0.7%. The Philadelphia Housing Index was dropping 1.4% and the SPDR Real Estate Select Sector ETF (XLRE) was slipping 1.1%. | Arbor Realty Trust (ABR) was 0.5% higher, reversing a nearly 1% decline earlier Friday, after the real estate investment trust reported Q1 distributable earnings and revenue exceeding Wall Street expectations and also increased its quarterly cash dividend by 2.7% over current levels to $0.38 per share. In company news, LendingTree (TREE) tumbled almost 13% on Friday, after a 5% gain the consumer credit company put up during the previous session after reporting higher non-GAAP net income and revenue during its Q1 compared with its year-ago results and exceeding Wall Street estimates. Zillow Group (Z, ZG) fell 4.2% after the online real estate marketplace company overnight said it expects $967 million in Q2 revenue at the midpoint of its outlook compared with the Capital IQ consensus looking for $1.78 billion. | Arbor Realty Trust (ABR) was 0.5% higher, reversing a nearly 1% decline earlier Friday, after the real estate investment trust reported Q1 distributable earnings and revenue exceeding Wall Street expectations and also increased its quarterly cash dividend by 2.7% over current levels to $0.38 per share. Financial stocks extended their Friday declines in afternoon trading, with the NYSE Financial Index sliding 1.7% while the SPDR Financial Select Sector ETF (XLF) was off 0.7%. The Philadelphia Housing Index was dropping 1.4% and the SPDR Real Estate Select Sector ETF (XLRE) was slipping 1.1%. |
29956.0 | 2022-05-06 00:00:00 UTC | Financial Sector Update for 05/06/2022: Z, ZG, ABR, GHLD | ABR | https://www.nasdaq.com/articles/financial-sector-update-for-05-06-2022%3A-z-zg-abr-ghld | nan | nan | Financial stocks were lower in afternoon trading, with the NYSE Financial Index sliding 1.4% while the SPDR Financial Select Sector ETF (XLF) was off 1.5%.
The Philadelphia Housing Index was dropping 2.0% and the SPDR Real Estate Select Sector ETF (XLRE) was slipping 1.8%.
Bitcoin was declining 1.2% to $35,940, while the yield for 10-year US Treasuries was climbing 5.5 basis points to 3.121%.
In company news, Zillow Group (Z, ZG) fell 4.6% after the online real estate marketplace company overnight said it expects $967 million in Q2 revenue at the midpoint of its outlook compared with the Capital IQ consensus looking for $1.78 billion.
Arbor Realty Trust (ABR) was 0.1% lower, paring a nearly 1% decline earlier Friday, after the real estate investment trust reported Q1 distributable earnings and revenue exceeding Wall Street expectations and also increased its quarterly cash dividend by 2.7% over current levels to $0.38 per share.
Guild Holdings (GHLD) rose 6.6% after reporting non-GAAP Q1 net income of $0.53 per share, down from $1.77 per share during the same quarter in 2021 but still exceeding the analyst mean expecting the mortgage lender to earn $0.36 per share. Revenue fell 8.4% year-over-year to $481.8 million, also topping the $285.6 million analyst mean.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) was 0.1% lower, paring a nearly 1% decline earlier Friday, after the real estate investment trust reported Q1 distributable earnings and revenue exceeding Wall Street expectations and also increased its quarterly cash dividend by 2.7% over current levels to $0.38 per share. The Philadelphia Housing Index was dropping 2.0% and the SPDR Real Estate Select Sector ETF (XLRE) was slipping 1.8%. In company news, Zillow Group (Z, ZG) fell 4.6% after the online real estate marketplace company overnight said it expects $967 million in Q2 revenue at the midpoint of its outlook compared with the Capital IQ consensus looking for $1.78 billion. | Arbor Realty Trust (ABR) was 0.1% lower, paring a nearly 1% decline earlier Friday, after the real estate investment trust reported Q1 distributable earnings and revenue exceeding Wall Street expectations and also increased its quarterly cash dividend by 2.7% over current levels to $0.38 per share. Financial stocks were lower in afternoon trading, with the NYSE Financial Index sliding 1.4% while the SPDR Financial Select Sector ETF (XLF) was off 1.5%. The Philadelphia Housing Index was dropping 2.0% and the SPDR Real Estate Select Sector ETF (XLRE) was slipping 1.8%. | Arbor Realty Trust (ABR) was 0.1% lower, paring a nearly 1% decline earlier Friday, after the real estate investment trust reported Q1 distributable earnings and revenue exceeding Wall Street expectations and also increased its quarterly cash dividend by 2.7% over current levels to $0.38 per share. In company news, Zillow Group (Z, ZG) fell 4.6% after the online real estate marketplace company overnight said it expects $967 million in Q2 revenue at the midpoint of its outlook compared with the Capital IQ consensus looking for $1.78 billion. Guild Holdings (GHLD) rose 6.6% after reporting non-GAAP Q1 net income of $0.53 per share, down from $1.77 per share during the same quarter in 2021 but still exceeding the analyst mean expecting the mortgage lender to earn $0.36 per share. | Arbor Realty Trust (ABR) was 0.1% lower, paring a nearly 1% decline earlier Friday, after the real estate investment trust reported Q1 distributable earnings and revenue exceeding Wall Street expectations and also increased its quarterly cash dividend by 2.7% over current levels to $0.38 per share. Financial stocks were lower in afternoon trading, with the NYSE Financial Index sliding 1.4% while the SPDR Financial Select Sector ETF (XLF) was off 1.5%. The Philadelphia Housing Index was dropping 2.0% and the SPDR Real Estate Select Sector ETF (XLRE) was slipping 1.8%. |
29957.0 | 2022-05-05 00:00:00 UTC | Can Arbor Realty (ABR) Retain Its Beat Streak in Q1 Earnings? | ABR | https://www.nasdaq.com/articles/can-arbor-realty-abr-retain-its-beat-streak-in-q1-earnings | nan | nan | Arbor Realty Trust ABR is scheduled to report first-quarter 2022 results on May 6, before market open. The company is expected to have witnessed year-over-year growth in the net interest income (NII), whereas its earnings are anticipated to have declined.
In the last reported quarter, the New York-headquartered real estate investment trust (REIT), which primarily focuses on originating and servicing loans for multi-family, single-family and other commercial real estate assets, posted distributable earnings per share of 57 cents, surpassing the Zacks consensus estimate of 40 cents. NII of $76.4 million surged 65.8% year over year.
Over the trailing four quarters, Arbor Realtysurpassed the Zacks Consensus Estimate on all occasions, the surprise being 29.6%. The graph below depicts this surprise history:
Arbor Realty Trust Price and EPS Surprise
Arbor Realty Trust price-eps-surprise | Arbor Realty Trust Quote
Factors at Play
Arbor Realty’s diversified investment focus on commercial real estate debt investments, mortgage servicing, and commercial mortgage-backed securities is likely to have enabled it to generate stable income in the first quarter despite the changing economic environment.
High volatility, substantial spread widening and a notable increase in benchmark rates resulted in a challenging environment in the first quarter of 2022 for fixed-income markets. Amid the market turbulence, Agency mortgage-backed securities underperformed.
Mortgage originations, both purchase and refinancing, continued to normalize in the first quarter. The strength in originations in 2021, propelled by the ultra-low rates, is also making comparison difficult for the quarter. Notably, mortgage rates rose in the quarter under review.
As of the first-quarter 2022 end, the average rate on the 30-year loan rose to 4.67%, in sharp contrast to last year’s record-low mortgage rate of around 3%. This led to a drastic fall in mortgage origination activities, with steadily rising rates hurting refinancing.
Low multifamily mortgage loan securitization and originations in the first quarter are expected to have reduced the company’s fee-based servicing portfolio, thereby affecting servicing revenues.
The Zacks Consensus Estimate for first-quarter 2022 net gain on sales, including fee-based services, is pegged at $24.2 million, indicating a sequential fall of 34.4%.
Also, the consensus estimate for net servicing revenues is pegged at $19.4 million, suggesting a sequential fall of 18.8%.
Nonetheless, a relatively favorable prepayment scenario in the quarter is likely to have alleviated pressure from NII in the quarter. The Zacks Consensus Estimate for the company’s quarterly NII is pegged at $165.2 million, suggesting an improvement of 81.3% on a year-over-year basis.
Lastly, analysts have shown optimism prior to the first-quarter earnings release. The Zacks Consensus Estimate for quarterly earnings has been revised marginally upward to 44 cents over the past month. It suggests a year-over-year decline of 15.4%.
Here is what our quantitative model predicts:
Arbor Realty has the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or higher — for increasing the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Arbor Realty is +3.45%.
Zacks Rank: Arbor Realty currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Granite Point Mortgage Trust GPMT is slated to announce first-quarter 2022 results on May 10. The company currently carries a Zacks Rank #3.
GPMT’s earnings estimates for the to-be-reported quarter have been unchanged over the past 30 days.
Welltower WELL is scheduled to report quarterly figures on May 10. Welltower currently carries a Zacks Rank of 3.
WELL’s earnings estimates for the to-be-reported quarter have been unchanged over the past 30 days.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust ABR is scheduled to report first-quarter 2022 results on May 6, before market open. Arbor Realty Trust (ABR): Free Stock Analysis Report In the last reported quarter, the New York-headquartered real estate investment trust (REIT), which primarily focuses on originating and servicing loans for multi-family, single-family and other commercial real estate assets, posted distributable earnings per share of 57 cents, surpassing the Zacks consensus estimate of 40 cents. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust ABR is scheduled to report first-quarter 2022 results on May 6, before market open. The graph below depicts this surprise history: Arbor Realty Trust Price and EPS Surprise Arbor Realty Trust price-eps-surprise | Arbor Realty Trust Quote Factors at Play Arbor Realty’s diversified investment focus on commercial real estate debt investments, mortgage servicing, and commercial mortgage-backed securities is likely to have enabled it to generate stable income in the first quarter despite the changing economic environment. | Arbor Realty Trust ABR is scheduled to report first-quarter 2022 results on May 6, before market open. Arbor Realty Trust (ABR): Free Stock Analysis Report In the last reported quarter, the New York-headquartered real estate investment trust (REIT), which primarily focuses on originating and servicing loans for multi-family, single-family and other commercial real estate assets, posted distributable earnings per share of 57 cents, surpassing the Zacks consensus estimate of 40 cents. | Arbor Realty Trust ABR is scheduled to report first-quarter 2022 results on May 6, before market open. Arbor Realty Trust (ABR): Free Stock Analysis Report The Zacks Consensus Estimate for the company’s quarterly NII is pegged at $165.2 million, suggesting an improvement of 81.3% on a year-over-year basis. |
29958.0 | 2022-05-05 00:00:00 UTC | ACRES Commercial (ACR) Reports Q1 Loss, Lags Revenue Estimates | ABR | https://www.nasdaq.com/articles/acres-commercial-acr-reports-q1-loss-lags-revenue-estimates | nan | nan | ACRES Commercial (ACR) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of $0.26. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -196.15%. A quarter ago, it was expected that this commercial real estate investment trust would post a loss of $0.07 per share when it actually produced earnings of $0.22, delivering a surprise of 414.29%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
ACRES Commercial, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $7.77 million for the quarter ended March 2022, missing the Zacks Consensus Estimate by 28.73%. This compares to year-ago revenues of $11.03 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
ACRES Commercial shares have lost about 4.6% since the beginning of the year versus the S&P 500's decline of -9.8%.
What's Next for ACRES Commercial?
While ACRES Commercial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for ACRES Commercial: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.31 on $9.9 million in revenues for the coming quarter and $1.19 on $40.7 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Arbor Realty Trust (ABR), another stock in the same industry, has yet to report results for the quarter ended March 2022. The results are expected to be released on May 6.
This real estate investment trust is expected to post quarterly earnings of $0.44 per share in its upcoming report, which represents a year-over-year change of -15.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Arbor Realty Trust's revenues are expected to be $165.19 million, up 81.3% from the year-ago quarter.
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ACRES Commercial Realty Corp. (ACR): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR), another stock in the same industry, has yet to report results for the quarter ended March 2022. Arbor Realty Trust (ABR): Free Stock Analysis Report A quarter ago, it was expected that this commercial real estate investment trust would post a loss of $0.07 per share when it actually produced earnings of $0.22, delivering a surprise of 414.29%. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR), another stock in the same industry, has yet to report results for the quarter ended March 2022. ACRES Commercial, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $7.77 million for the quarter ended March 2022, missing the Zacks Consensus Estimate by 28.73%. | Arbor Realty Trust (ABR), another stock in the same industry, has yet to report results for the quarter ended March 2022. Arbor Realty Trust (ABR): Free Stock Analysis Report ACRES Commercial (ACR) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of $0.26. | Arbor Realty Trust (ABR), another stock in the same industry, has yet to report results for the quarter ended March 2022. Arbor Realty Trust (ABR): Free Stock Analysis Report Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. |
29959.0 | 2022-05-05 00:00:00 UTC | Is a Surprise Coming for Arbor Realty (ABR) This Earnings Season? | ABR | https://www.nasdaq.com/articles/is-a-surprise-coming-for-arbor-realty-abr-this-earnings-season | nan | nan | Investors are always looking for stocks that are poised to beat at earnings season and Arbor Realty Trust, Inc. ABR may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Arbor Realty is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for ABR in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 45 cents per share for ABR, compared to a broader Zacks Consensus Estimate of 44 cents per share. This suggests that analysts have very recently bumped up their estimates for ABR, giving the stock a Zacks Earnings ESP of +3.45% heading into earnings season.
Arbor Realty Trust, Inc. Price and EPS Surprise
Arbor Realty Trust, Inc. price-eps-surprise | Arbor Realty Trust, Inc. Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that ABR has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Arbor Realty, and that a beat might be in the cards for the upcoming report.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for ABR in this report. Investors are always looking for stocks that are poised to beat at earnings season and Arbor Realty Trust, Inc. ABR may be one such company. In fact, the Most Accurate Estimate for the current quarter is currently at 45 cents per share for ABR, compared to a broader Zacks Consensus Estimate of 44 cents per share. | Arbor Realty Trust (ABR): Free Stock Analysis Report Investors are always looking for stocks that are poised to beat at earnings season and Arbor Realty Trust, Inc. ABR may be one such company. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for ABR in this report. | Investors are always looking for stocks that are poised to beat at earnings season and Arbor Realty Trust, Inc. ABR may be one such company. This suggests that analysts have very recently bumped up their estimates for ABR, giving the stock a Zacks Earnings ESP of +3.45% heading into earnings season. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for ABR in this report. | Investors are always looking for stocks that are poised to beat at earnings season and Arbor Realty Trust, Inc. ABR may be one such company. Given that ABR has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for ABR in this report. |
29960.0 | 2022-05-03 00:00:00 UTC | What's in the Cards for Intercontinental (ICE) in Q1 Earnings? | ABR | https://www.nasdaq.com/articles/whats-in-the-cards-for-intercontinental-ice-in-q1-earnings | nan | nan | Intercontinental Exchange Group ICE is slated to report first-quarter 2022 earnings on May 5, before market open. ICE delivered an earnings surprise in each of the last four quarters, the average being 2.57%.
Factors to Note
Solid performance at Exchanges, Fixed Income and Data Services, and Mortgage Technology segments is likely to have aided revenues in the to-be-reported quarter. The Zacks Consensus Estimate for revenues is pegged at $1.9 billion, indicating a 4.9% increase from the year-ago reported figure.
In the to-be-reported quarter, the Fixed Income and Data Services segment revenues are likely to have benefited from solid index business, strong retention rate of existing customers, the addition of new customers, and higher purchases by existing customers. Growth in ICE Global Network offering along with strength in consolidated feeds and desktop revenues is also likely to have added to the upside.
The Zacks Consensus Estimate for Fixed Income and Data Services revenues is pegged at $493 million, indicating a 5.3% increase from the year-ago reported figure.
In the to-be-reported quarter, the Exchange segment is likely to have benefited from higher interest rate business and energy revenues, higher revenues from the global oil complex, increased exchange data services as well as growth in listings. The Zacks Consensus Estimate for Exchange revenues is pegged at $1 billion, indicating a 7.9% increase from the year-ago reported figure.
The Mortgage Technology segment revenues are likely to have benefited from new customer growth and increased adoption of digital workflow tools across origination technology, closing solutions, and data and analytics. The Zacks Consensus Estimate for Mortgage Technology revenues is pegged at $328 million, indicating a 7.6% decrease from the year-ago reported figure.
Expenses are likely to have increased, given an increase in compensation and benefits, acquisition-related transaction and integration costs and technology and communication.
ICE expects first-quarter 2022 operating expenses in the range of $900-$910 million. Adjusted operating expenses are expected in the range of $740-$750 million and adjusted non-operating expense is expected in the range of $105-$110 million in the first quarter of 2022.
The Zacks Consensus Estimate for earnings is pegged at $1.42, indicating an increase of 5.9% from the prior-year quarter reported figure.
Intercontinental Exchange reported a soft average daily volume (ADV) for the first quarter of 2022. ADV of 6.7 million contracts per day was up 0.5% year over year in the first quarter due to higher volumes in Commodities.
Commodities ADV increased 5.1% to 3.9 million on the back of 6% higher Energy ADV offset by 2.3% lower Agriculture and Metals ADV. Financials ADV declined 5.6%, attributable to lower interest rate and foreign exchange volumes.
What the Zacks Model Says
Our proven model does not conclusively predict an earnings beat for Intercontinental Exchange this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case as you can see below.
Earnings ESP: Intercontinental Exchange has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Intercontinental Exchange Inc. Price and EPS Surprise
Intercontinental Exchange Inc. price-eps-surprise | Intercontinental Exchange Inc. Quote
Zacks Rank: Intercontinental Exchange currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Some finance stocks with the right combination of elements to come up with an earnings beat this time around are:
Arbor Realty Trust ABR has an Earnings ESP of +3.45% and a Zacks Rank of 3. The Zacks Consensus Estimate for first-quarter earnings is pegged at 44 cents, indicating a decrease of 15.4% from the year-ago reported figure.
ABR delivered an earnings beat in each of the four reported quarters of 2021.
BRP Group BRP has an Earnings ESP of +2.65% and a Zacks Rank #3. The Zacks Consensus Estimate for first-quarter earnings is pegged at 51 cents, indicating an increase of 15.9% from the year-ago reported figure.
BRP delivered an earnings beat in each of the four reported quarters of 2021.
DiamondRock Hospitality DRH has an Earnings ESP of +18.52% and a Zacks Rank of 3. The Zacks Consensus Estimate for first-quarter earnings is pegged at 7 cents, indicating an increase of 158.3% from the year-ago reported figure.
DRH delivered an earnings beat in each of the four reported quarters of 2021.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Intercontinental Exchange Inc. (ICE): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
DiamondRock Hospitality Company (DRH): Free Stock Analysis Report
BRP Group, Inc. (BRP): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider Some finance stocks with the right combination of elements to come up with an earnings beat this time around are: Arbor Realty Trust ABR has an Earnings ESP of +3.45% and a Zacks Rank of 3. ABR delivered an earnings beat in each of the four reported quarters of 2021. Arbor Realty Trust (ABR): Free Stock Analysis Report | Stocks to Consider Some finance stocks with the right combination of elements to come up with an earnings beat this time around are: Arbor Realty Trust ABR has an Earnings ESP of +3.45% and a Zacks Rank of 3. ABR delivered an earnings beat in each of the four reported quarters of 2021. Arbor Realty Trust (ABR): Free Stock Analysis Report | Stocks to Consider Some finance stocks with the right combination of elements to come up with an earnings beat this time around are: Arbor Realty Trust ABR has an Earnings ESP of +3.45% and a Zacks Rank of 3. ABR delivered an earnings beat in each of the four reported quarters of 2021. Arbor Realty Trust (ABR): Free Stock Analysis Report | Stocks to Consider Some finance stocks with the right combination of elements to come up with an earnings beat this time around are: Arbor Realty Trust ABR has an Earnings ESP of +3.45% and a Zacks Rank of 3. ABR delivered an earnings beat in each of the four reported quarters of 2021. Arbor Realty Trust (ABR): Free Stock Analysis Report |
29961.0 | 2022-05-02 00:00:00 UTC | Arbor Realty Trust (ABR) Stock Sinks As Market Gains: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-stock-sinks-as-market-gains%3A-what-you-should-know-1 | nan | nan | In the latest trading session, Arbor Realty Trust (ABR) closed at $16.98, marking a -0.7% move from the previous day. This move lagged the S&P 500's daily gain of 0.57%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, added 0.11%.
Heading into today, shares of the real estate investment trust had lost 1.16% over the past month, outpacing the Finance sector's loss of 11.17% and the S&P 500's loss of 10.81% in that time.
Investors will be hoping for strength from Arbor Realty Trust as it approaches its next earnings release, which is expected to be May 6, 2022. The company is expected to report EPS of $0.44, down 15.38% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $165.19 million, up 81.25% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.78 per share and revenue of $730.82 million, which would represent changes of -11.44% and +56.8%, respectively, from the prior year.
Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.99% higher. Arbor Realty Trust currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Arbor Realty Trust has a Forward P/E ratio of 9.61 right now. This valuation marks a premium compared to its industry's average Forward P/E of 8.63.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 173, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABR in the coming trading sessions, be sure to utilize Zacks.com.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the latest trading session, Arbor Realty Trust (ABR) closed at $16.98, marking a -0.7% move from the previous day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. Arbor Realty Trust (ABR): Free Stock Analysis Report | In the latest trading session, Arbor Realty Trust (ABR) closed at $16.98, marking a -0.7% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. | In the latest trading session, Arbor Realty Trust (ABR) closed at $16.98, marking a -0.7% move from the previous day. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. Arbor Realty Trust (ABR): Free Stock Analysis Report | In the latest trading session, Arbor Realty Trust (ABR) closed at $16.98, marking a -0.7% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. |
29962.0 | 2022-04-29 00:00:00 UTC | Arbor Realty Trust (ABR) Expected to Beat Earnings Estimates: Should You Buy? | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-expected-to-beat-earnings-estimates%3A-should-you-buy | nan | nan | The market expects Arbor Realty Trust (ABR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2022. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 6, 2022, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This real estate investment trust is expected to post quarterly earnings of $0.44 per share in its upcoming report, which represents a year-over-year change of -15.4%.
Revenues are expected to be $165.19 million, up 81.3% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Arbor Realty Trust?
For Arbor Realty Trust, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +3.45%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Arbor Realty Trust will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Arbor Realty Trust would post earnings of $0.40 per share when it actually produced earnings of $0.57, delivering a surprise of +42.50%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Arbor Realty Trust appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The market expects Arbor Realty Trust (ABR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2022. Arbor Realty Trust (ABR): Free Stock Analysis Report This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. | The market expects Arbor Realty Trust (ABR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2022. Arbor Realty Trust (ABR): Free Stock Analysis Report Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. | The market expects Arbor Realty Trust (ABR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2022. Arbor Realty Trust (ABR): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | The market expects Arbor Realty Trust (ABR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2022. Arbor Realty Trust (ABR): Free Stock Analysis Report The earnings report, which is expected to be released on May 6, 2022, might help the stock move higher if these key numbers are better than expectations. |
29963.0 | 2022-04-28 00:00:00 UTC | Why Arbor Realty Trust (ABR) Could Beat Earnings Estimates Again | ABR | https://www.nasdaq.com/articles/why-arbor-realty-trust-abr-could-beat-earnings-estimates-again | nan | nan | Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Arbor Realty Trust (ABR), which belongs to the Zacks REIT and Equity Trust industry, could be a great candidate to consider.
This real estate investment trust has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 34.76%.
For the most recent quarter, Arbor Realty Trust was expected to post earnings of $0.40 per share, but it reported $0.57 per share instead, representing a surprise of 42.50%. For the previous quarter, the consensus estimate was $0.37 per share, while it actually produced $0.47 per share, a surprise of 27.03%.
Price and EPS Surprise
For Arbor Realty Trust, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Arbor Realty Trust currently has an Earnings ESP of +3.45%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on May 6, 2022.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR), which belongs to the Zacks REIT and Equity Trust industry, could be a great candidate to consider. Arbor Realty Trust (ABR): Free Stock Analysis Report This real estate investment trust has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. | Arbor Realty Trust (ABR), which belongs to the Zacks REIT and Equity Trust industry, could be a great candidate to consider. Arbor Realty Trust (ABR): Free Stock Analysis Report And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. | Arbor Realty Trust (ABR), which belongs to the Zacks REIT and Equity Trust industry, could be a great candidate to consider. Arbor Realty Trust (ABR): Free Stock Analysis Report And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. | Arbor Realty Trust (ABR), which belongs to the Zacks REIT and Equity Trust industry, could be a great candidate to consider. Arbor Realty Trust (ABR): Free Stock Analysis Report And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. |
29964.0 | 2022-04-26 00:00:00 UTC | The Smartest Stocks to Buy With $20 Right Now and Hold Forever | ABR | https://www.nasdaq.com/articles/the-smartest-stocks-to-buy-with-%2420-right-now-and-hold-forever-3 | nan | nan | SunPower (NASDAQ: SPWR) and Arbor Realty Trust (NYSE: ABR) are great long-term buy-and-hold stocks, and both are selling for less than $20 per share right now.
SunPower's potential lies in the future of residential solar power, a trend that doesn't seem likely to slow considering rising energy costs and concern about the environment. Arbor Realty Trust has another trend in its favor, as the shortage of rental properties should lead to more construction and increase builders' need for financing.
Image source: Getty Images.
SunPower focuses on residential solar power
SunPower specializes in solar technology and energy services for homes. The company is riding the wave toward more green energy, and two trends are expected to drive business: an increased need for home electricity due to the increase of electric vehicles and tax incentives that lead homeowners to install solar panels. In the fourth quarter conference call, the company said it had its largest backlog of orders in its history.
In 2021, the company reported revenue of $1.3 billion, up 17.6% over 2020, although it did lose $0.22 in earnings per share (EPS) due to capital expenditures, compared to EPS of $2.48 in 2020.
Taken on its own, the fourth quarter of 2021 had some positives. In the fourth quarter, the company reported $384.5 million in revenue, up 18.8% sequentially. The company also reported net income of $20.2 million and EPS of $0.11, up from an $84.4 million loss and an EPS loss of $0.49 in the third quarter. The company said it expects net income of between $85 million and $105 million in 2022.
The company is in the process of selling its commercial and industrial solutions business to TotalEnergies for $250 million in cash, allowing SunPower to focus on residential sales. Toward that end, the company purchased residential solar provider Blue Raven Solar last fall for $165 million, gaining more customers in the Pacific Northwest and mid-Atlantic regions. The company also signed agreements with Toll Brothers and the New Home Company to provide solar, battery storage, and at-home EV chargers in new home communities in California. SunPower said the deal with New Home Company represents a pipeline of 66,000 homes while the Toll Brother pipeline is even larger, though the company didn't give a specific number .
The increased focus on residential sales should pay off in the long term. While most of the money SunPower makes is from the initial installation and financing of solar units, it makes money from servicing them as well. The company said in its annual report that the market is largely untapped, with only 4 million homes having solar panels. This year, the company said it expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) between $90 and $110 million.
According to a report by Grand View Research, the global solar panel market was $146.08 billion in 2021 and is expected to have a 7.8% compound annual growth rate from 2022 through 2030.
Arbor Realty Trust's total returns don't disappoint
Arbor Realty Trust is a mortgage real estate investment trust (mREIT) that specializes in mortgages, acting as a lender and servicer of the loans behind portfolios of multifamily and single-family rental properties and other commercial real estate. The company makes money off the interest income from its loans as well as the fees and other revenues from servicing those loans. The company borrows money to buy and hold mortgages and mortgage-backed securities that are backed by the federal government.
What makes Arbor a great long-term investment is its dividend. The mREIT has raised its dividend for 10 consecutive years and seven consecutive quarters, most recently to $0.37 per share, giving it a yield of 8.21% as of market close on April 20. Over the past five years, Arbor's total return has more than doubled that of the S&P 500, and its return on equity is better than those of two larger mREITS, Annaly Capital Management and Blackstone Mortgage Trust. It also grew its net income by 362.3% over the past five years, faster than those two competitors.
ABR Return on Equity data by YCharts
ABR Net Income (Annual) data by YCharts
Last year, the company reported annual net income of $317.4 million, up 92% over 2020, and EPS of $2.28, up from $0.80 in 2020. In 2021, the company's loan portfolio grew 122.1% as the company originated 422 loans totaling $9.72 billion, most of that total ($9.1 billion) came from multifamily bridge loans, which give developers short-term funds until they can secure long-term financing.
The stock is down 4.5% so far this year, reflecting fears investors have about what rising interest rates will do to the company's core business. The logic is that if Arbor has to pay more for financing, the spread between what it pays for financing and what it charges for interest on its current loans will narrow, squeezing profits. But in the long run, Arbor should benefit from rising rates, as most of its loans are for short terms (24.6 months or less). As they expire, they will be replaced by higher-interest loans. As builders ramp up to meet the shortage of homes and rental units, Arbor should benefit with additional business.
What to consider
Both stocks, while they appear to be strong long-term buys, come with risks. But I think they will succeed. There's plenty of competition among solar power companies, but SunPower is beginning to build a pretty good moat by focusing on residential customers and by connecting with homebuilders. The demand for solar panels, thanks to tax incentives, homeowners' preferences, and electric vehicle needs, is likely to go through the roof. As it is, the company has a big backload of orders.
Rising interest rates may hurt Arbor's stock price in the near term, but its business model, with funds from servicing loans and shorter loan periods, should allow it to thrive in a higher-rate environment. In the meantime, investors can still get in on the stock while it is relatively inexpensive and enjoy a high-yielding dividend.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | SunPower (NASDAQ: SPWR) and Arbor Realty Trust (NYSE: ABR) are great long-term buy-and-hold stocks, and both are selling for less than $20 per share right now. ABR Return on Equity data by YCharts ABR Net Income (Annual) data by YCharts Last year, the company reported annual net income of $317.4 million, up 92% over 2020, and EPS of $2.28, up from $0.80 in 2020. SunPower's potential lies in the future of residential solar power, a trend that doesn't seem likely to slow considering rising energy costs and concern about the environment. | ABR Return on Equity data by YCharts ABR Net Income (Annual) data by YCharts Last year, the company reported annual net income of $317.4 million, up 92% over 2020, and EPS of $2.28, up from $0.80 in 2020. SunPower (NASDAQ: SPWR) and Arbor Realty Trust (NYSE: ABR) are great long-term buy-and-hold stocks, and both are selling for less than $20 per share right now. The company is riding the wave toward more green energy, and two trends are expected to drive business: an increased need for home electricity due to the increase of electric vehicles and tax incentives that lead homeowners to install solar panels. | ABR Return on Equity data by YCharts ABR Net Income (Annual) data by YCharts Last year, the company reported annual net income of $317.4 million, up 92% over 2020, and EPS of $2.28, up from $0.80 in 2020. SunPower (NASDAQ: SPWR) and Arbor Realty Trust (NYSE: ABR) are great long-term buy-and-hold stocks, and both are selling for less than $20 per share right now. Arbor Realty Trust's total returns don't disappoint Arbor Realty Trust is a mortgage real estate investment trust (mREIT) that specializes in mortgages, acting as a lender and servicer of the loans behind portfolios of multifamily and single-family rental properties and other commercial real estate. | SunPower (NASDAQ: SPWR) and Arbor Realty Trust (NYSE: ABR) are great long-term buy-and-hold stocks, and both are selling for less than $20 per share right now. ABR Return on Equity data by YCharts ABR Net Income (Annual) data by YCharts Last year, the company reported annual net income of $317.4 million, up 92% over 2020, and EPS of $2.28, up from $0.80 in 2020. SunPower focuses on residential solar power SunPower specializes in solar technology and energy services for homes. |
29965.0 | 2022-04-26 00:00:00 UTC | Arbor Realty Trust (ABR) Stock Moves -1.72%: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-stock-moves-1.72%3A-what-you-should-know | nan | nan | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.16, marking a -1.72% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.82%. Meanwhile, the Dow lost 2.38%, and the Nasdaq, a tech-heavy index, lost 0.23%.
Prior to today's trading, shares of the real estate investment trust had gained 1.57% over the past month. This has outpaced the Finance sector's loss of 6.21% and the S&P 500's loss of 5.33% in that time.
Investors will be hoping for strength from Arbor Realty Trust as it approaches its next earnings release, which is expected to be May 6, 2022. On that day, Arbor Realty Trust is projected to report earnings of $0.42 per share, which would represent a year-over-year decline of 19.23%. Our most recent consensus estimate is calling for quarterly revenue of $161.9 million, up 77.64% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.73 per share and revenue of $704.2 million. These totals would mark changes of -13.93% and +51.09%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Arbor Realty Trust. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Arbor Realty Trust currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Arbor Realty Trust is currently trading at a Forward P/E ratio of 10.09. For comparison, its industry has an average Forward P/E of 8.37, which means Arbor Realty Trust is trading at a premium to the group.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 186, putting it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.16, marking a -1.72% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.16, marking a -1.72% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.73 per share and revenue of $704.2 million. | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.16, marking a -1.72% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust currently has a Zacks Rank of #3 (Hold). | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.16, marking a -1.72% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust currently has a Zacks Rank of #3 (Hold). |
29966.0 | 2022-04-25 00:00:00 UTC | Arbor Realty Trust (ABR) Outpaces Stock Market Gains: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-outpaces-stock-market-gains%3A-what-you-should-know-1 | nan | nan | Arbor Realty Trust (ABR) closed at $17.46 in the latest trading session, marking a +1.39% move from the prior day. This move outpaced the S&P 500's daily gain of 0.57%. At the same time, the Dow added 0.7%, and the tech-heavy Nasdaq lost 0.11%.
Prior to today's trading, shares of the real estate investment trust had gained 0.29% over the past month. This has outpaced the Finance sector's loss of 6.24% and the S&P 500's loss of 5.26% in that time.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release. In that report, analysts expect Arbor Realty Trust to post earnings of $0.42 per share. This would mark a year-over-year decline of 19.23%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $161.9 million, up 77.64% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.73 per share and revenue of $704.2 million. These totals would mark changes of -13.93% and +51.09%, respectively, from last year.
Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Arbor Realty Trust currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Arbor Realty Trust currently has a Forward P/E ratio of 9.95. This valuation marks a premium compared to its industry's average Forward P/E of 8.52.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 188, putting it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed at $17.46 in the latest trading session, marking a +1.39% move from the prior day. Arbor Realty Trust (ABR): Free Stock Analysis Report Prior to today's trading, shares of the real estate investment trust had gained 0.29% over the past month. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $17.46 in the latest trading session, marking a +1.39% move from the prior day. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.73 per share and revenue of $704.2 million. | Arbor Realty Trust (ABR) closed at $17.46 in the latest trading session, marking a +1.39% move from the prior day. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust currently has a Zacks Rank of #2 (Buy). | Arbor Realty Trust (ABR) closed at $17.46 in the latest trading session, marking a +1.39% move from the prior day. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust currently has a Zacks Rank of #2 (Buy). |
29967.0 | 2022-04-19 00:00:00 UTC | Arbor Realty Trust (ABR) Stock Sinks As Market Gains: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-stock-sinks-as-market-gains%3A-what-you-should-know-0 | nan | nan | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.30, marking a -1.26% move from the previous day. This change lagged the S&P 500's 1.61% gain on the day. At the same time, the Dow added 1.45%, and the tech-heavy Nasdaq gained 0.36%.
Heading into today, shares of the real estate investment trust had gained 3% over the past month, outpacing the Finance sector's loss of 3.25% and the S&P 500's loss of 1.42% in that time.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release. On that day, Arbor Realty Trust is projected to report earnings of $0.42 per share, which would represent a year-over-year decline of 19.23%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $161.9 million, up 77.64% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.73 per share and revenue of $704.2 million. These totals would mark changes of -13.93% and +51.09%, respectively, from last year.
Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Arbor Realty Trust is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note Arbor Realty Trust's current valuation metrics, including its Forward P/E ratio of 10.13. This valuation marks a premium compared to its industry's average Forward P/E of 8.65.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.30, marking a -1.26% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.73 per share and revenue of $704.2 million. | Arbor Realty Trust (ABR): Free Stock Analysis Report In the latest trading session, Arbor Realty Trust (ABR) closed at $17.30, marking a -1.26% move from the previous day. On that day, Arbor Realty Trust is projected to report earnings of $0.42 per share, which would represent a year-over-year decline of 19.23%. | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.30, marking a -1.26% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust is currently sporting a Zacks Rank of #2 (Buy). | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.30, marking a -1.26% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report On that day, Arbor Realty Trust is projected to report earnings of $0.42 per share, which would represent a year-over-year decline of 19.23%. |
29968.0 | 2022-04-11 00:00:00 UTC | Arbor Realty Trust (ABR) Gains As Market Dips: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-gains-as-market-dips%3A-what-you-should-know-0 | nan | nan | Arbor Realty Trust (ABR) closed the most recent trading day at $16.93, moving +0.06% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.69%. At the same time, the Dow lost 1.19%, and the tech-heavy Nasdaq gained 0.14%.
Heading into today, shares of the real estate investment trust had lost 3.26% over the past month, lagging the Finance sector's gain of 5.85% and the S&P 500's gain of 7.88% in that time.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release. On that day, Arbor Realty Trust is projected to report earnings of $0.47 per share, which would represent a year-over-year decline of 9.62%. Meanwhile, our latest consensus estimate is calling for revenue of $161.9 million, up 77.64% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.78 per share and revenue of $704.2 million. These totals would mark changes of -11.44% and +51.09%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Arbor Realty Trust. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Arbor Realty Trust currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Arbor Realty Trust has a Forward P/E ratio of 9.51 right now. This valuation marks a premium compared to its industry's average Forward P/E of 8.58.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 226, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABR in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed the most recent trading day at $16.93, moving +0.06% from the previous trading session. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. Arbor Realty Trust (ABR): Free Stock Analysis Report | Arbor Realty Trust (ABR) closed the most recent trading day at $16.93, moving +0.06% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed the most recent trading day at $16.93, moving +0.06% from the previous trading session. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. | Arbor Realty Trust (ABR) closed the most recent trading day at $16.93, moving +0.06% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. |
29969.0 | 2022-04-11 00:00:00 UTC | 3 Safe Dividend Stocks to Beat Inflation | ABR | https://www.nasdaq.com/articles/3-safe-dividend-stocks-to-beat-inflation | nan | nan | Has inflation got you scared? If you're an investor, it should. With inflation running at an annualized rate of 7.9% for the 12 months ending in February, that would outpace the growth of many investments. To help counter that, you might want to consider dividend stocks, especially those with yields of 8% or more that have safe, sustainable payout ratios for those yields. They should also demonstrate safety with at least three consecutive years of dividend growth and at least four straight years of revenue growth.
Camping World Holdings (NYSE: CWH), OneMain Holdings (NYSE: OMF), and Arbor Realty Trust (NYSE: ABR) all passed those metrics, and all three are attractively priced based on their price-to-earnings (P/E) ratios.
Image source: Getty Images.
1. Camping World Holdings' dividends travel well
Camping World Holdings is the largest retailer of recreational vehicles (RVs) in the United States. It sells new and used RVs, including their parts and accessories, and services RVs. During the pandemic, Camping World's business boomed as families looked for safer ways to vacation. While Camping World's shares have dropped 30% so far this year, the company's business hasn't slowed even with COVID-19 cases on the decline.
What the price drop has done, however, is make the stock a better buy with a price-to-earnings (P/E) ratio of 4.46, compared to the auto and truck industry P/E average of 55.50. I think the stock's price drop has more to do with what investors expect to happen than what is happening, as the industry still has a backlog of RV orders.
Camping World just raised its quarterly dividend by 25% to $0.625 per share, giving it a yield of 8.73% as of Friday's share price. The company has increased revenue every year since it went public at the end of 2016 and more than tripled its annual net income over that period. There's plenty of room for more growth, too, as the company's dividend payout ratio is only 22.1%.
In 2021, the company reported revenue of $6.9 billion, up 26.9% over 2020. Net income was listed at $642.1 million, up 86.5% over the prior year, and annual earnings per share (EPS) was $6.07 compared to $3.09 in 2020.
Business doesn't appear to be slowing yet, despite the increased cost of gas and lowered COVID-19 cases. The company reported a record $1.4 billion for the fourth quarter, up 21.5% year over year, with net income of $59.3 million, up 46.9%, and EPS of $0.90, compared to EPS of $0.48 for the same period in 2020. Another thing that helps buoy the stock is that, in January, the company's board of directors authorized an increase in the original $225 million stock repurchase program to spend an additional $152.7 million in stock buybacks.
2. OneMain Holdings is a good place to park an investment
OneMain Holdings is an online and brick-and-mortar finance company with 1,400 locations across 44 states in the United States. It specializes in lending to non-prime customers. The recent rise in interest rates will likely help the company improve its profit margins. The company's stock price has dropped more than 6% to start this year, giving it a P/E of 4.59, well below the typical financial services sector P/E of 21.86. Like Camping World, OneMain appears to be a good bargain based on the company's financials.
In 2021, the company reported annual revenue of $3.93 billion, up 0.5% compared to 2020 and its fourth consecutive year of rising revenue, while net income was $1.3 billion, up 78% over the same period in 2020. The company's annual EPS was $9.87 compared to $5.41 in 2020.
The company just raised its dividend by 36% to $0.95 per share, giving it a yield of 8.15% as of Friday's share price. Even with the boost, the dividend's payout is well covered. Based on last year's EPS, the forward payout ratio is 38.5%. You do have to factor in that OneMain's dividends are inconsistent, but not in a bad way. The company regularly pays two larger special dividends in two quarters that really help to boost the yield for investors.
Last year, in February, it issued a dividend of $3.95 per share, and then in August, the dividend was $4.20 per share, but the other two quarters were $0.70 per share. In 2020, OneMain issued smaller dividends of $0.33 and $0.45 in the second and fourth quarters but larger dividends of $2.83 in the first quarter and $2.33 in the third quarter.
Like Camping World, OneMain helped stockholders by repurchasing shares last year (6.7 million in total) and said it plans to buy back another $1 billion in shares through 2024.
3. Arbor Realty Trust will grow on you
As a real estate investment trust (REIT), Arbor Realty Trust is a different animal from the two previous stocks, but it has similarly strong financials. It is a mortgage REIT that provides loans and services for multifamily and single-family rental properties. The company's shares are down more than 7% so far this year, lowering the company's P/E to 7.29, well below the typical REIT's P/E.
Arbor reported revenue of $585.3 million last year, up 25.7% over 2020. Over the past five years, it has increased revenue and distributable net earnings every year. Last year, the company reported EPS of $2.28, an increase of 15% year over year, while it spent $1.38 per share in dividends, giving it a payout ratio of 60.5%, which for a REIT is quite low. Like OneMain, Arbor Realty Trust should benefit from rising interest rates, particularly since the average duration of most of its loans is only 24.6 months.
The company has raised its quarterly dividend for 10 consecutive years and increased it for the past seven consecutive quarters, most recently to $0.37 per share, representing a 23% increase over those seven quarters. The current yield on its dividend is a juicy 8.39%.
ABR Total Return Level data by YCharts.
Good choices, but with risks
Any dividend stock with yields this high can pose a bit of risk. Though orders are high for RVs, they could eventually cool off, and that would slow Camping World's business. Though rising interest rates help OneMain Holdings and Arbor Realty Trust's profit margins, they could also significantly reduce demand for loans.
Overall, however, all three companies are well managed, and considering their relatively low valuations, those risks have already been factored into the stocks' prices. Looking at the past three years, they have all kept up with or exceeded the total return rate of the S&P 500, thanks in great part to high-yielding dividends.
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Jim Halley owns Arbor Realty Trust. The Motley Fool recommends Camping World Holdings and recommends the following options: short March 2022 $32 puts on Camping World Holdings. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Camping World Holdings (NYSE: CWH), OneMain Holdings (NYSE: OMF), and Arbor Realty Trust (NYSE: ABR) all passed those metrics, and all three are attractively priced based on their price-to-earnings (P/E) ratios. ABR Total Return Level data by YCharts. Net income was listed at $642.1 million, up 86.5% over the prior year, and annual earnings per share (EPS) was $6.07 compared to $3.09 in 2020. Business doesn't appear to be slowing yet, despite the increased cost of gas and lowered COVID-19 cases. | Camping World Holdings (NYSE: CWH), OneMain Holdings (NYSE: OMF), and Arbor Realty Trust (NYSE: ABR) all passed those metrics, and all three are attractively priced based on their price-to-earnings (P/E) ratios. ABR Total Return Level data by YCharts. In 2021, the company reported annual revenue of $3.93 billion, up 0.5% compared to 2020 and its fourth consecutive year of rising revenue, while net income was $1.3 billion, up 78% over the same period in 2020. | Camping World Holdings (NYSE: CWH), OneMain Holdings (NYSE: OMF), and Arbor Realty Trust (NYSE: ABR) all passed those metrics, and all three are attractively priced based on their price-to-earnings (P/E) ratios. ABR Total Return Level data by YCharts. Last year, in February, it issued a dividend of $3.95 per share, and then in August, the dividend was $4.20 per share, but the other two quarters were $0.70 per share. | Camping World Holdings (NYSE: CWH), OneMain Holdings (NYSE: OMF), and Arbor Realty Trust (NYSE: ABR) all passed those metrics, and all three are attractively priced based on their price-to-earnings (P/E) ratios. ABR Total Return Level data by YCharts. The company regularly pays two larger special dividends in two quarters that really help to boost the yield for investors. |
29970.0 | 2022-04-11 00:00:00 UTC | Elephant Tracking: How to Spot the Market’s Next Mega Winners BEFORE They Take Off | ABR | https://www.nasdaq.com/articles/elephant-tracking%3A-how-to-spot-the-markets-next-mega-winners-before-they-take-off | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Of all the images that come to mind when we think of space flight, few are as iconic as the Space Shuttle soaring upward, its twin rocket boosters blasting out fire.
Source: NASA
If you’re familiar with this image, you probably know why those twin rocket boosters are necessary. The spaceplane — technically called the “orbital vehicle” — is extremely heavy. Getting it off the ground and away from Earth’s gravitational pull requires a huge amount of what rocket scientists call “thrust.”
About 27 miles into the flight, the boosters separate from Shuttle, descend with parachutes, and land in the ocean. The boosters are recovered, refurbished, and reused.
The extraordinary power of the Space Shuttle’s rocket boosters has a parallel in the stock market. Just like the Space Shuttle, a stock needs a tremendous amount of power to soar hundreds of percent higher and create wealth for shareholders.
Understanding this power — and knowing how to harness it — is critical if you want to make giant returns in stocks.
This power has helped my readers make 155% from real estate investment company Arbor Realty Trust (NYSE:ABR)… 123% from REIT company Safehold Inc (NYSE:SAFE)… and 396% from software company AppFolio (NASDAQ:APPF)… and the list goes on and on.
In today’s Market360 article, I’ll explain everything you need to know about this power and how to put it to work in your stock portfolio.
The Real Driver of Mega Stock Market Winners
How much money does it take to be “wealthy” in America?
A million bucks? Two million? Three?
No matter if someone has a million, two million, or three million dollars in the stock market, they are a pipsqueak compared to large institutional money managers. These folks manage massive pools of money for mutual funds, hedge funds, sovereign wealth funds, pension funds, and insurance funds.
I often say large money managers are the “elephants” in the market. Why do I call them elephants? When they start to move as a group, like a herd of elephants, they make everything shake.
Just one large institutional investor can manage over $10 billion in assets. So even a wealthy individual with $5 million in assets is a mouse compared to an elephant (in this case, the elephant is 2,000 times larger).
One rich individual investor, or even a group of individual investors, can’t move a stock price significantly. But institutional investors invest so much money, that just a few can send a stock’s price soaring hundreds of percent higher.
Some institutional investors manage much more than $10 billion. The sovereign wealth fund of Norway — which has been fattened by oil revenue for years — was over $1.3 trillion in 2021. That’s over 100 times bigger than the large institution with $10 billion to invest.
In other words, the large institutional investors of the world have a ridiculously large amount of money to invest in stocks and bonds and other assets. No meaningful, sustained move in a stock can happen without their participation — and they WANT to invest their money. They are always looking for an opportunity.
They are the massive rocket boosters that power every meaningful stock rally.
What logically follows is that knowing what these mangers like to buy — and being able to track exactly what stocks they’re buying — can give anyone a huge edge in the market.
And we have that edge.
Thanks to our advanced computerized analysis of stock data, I know what these managers want to buy, and I know when.
Let me explain how…
How Elephant Tracking Allows Us to Anticipate Huge Stock Moves
Just like a big animal leaves tracks on the ground, large money managers leave tracks in the stock market. We can follow their tracks, know what they are loading up on, and ride their buying power to hundreds of percent stock gains.
Here’s how you can track elephants in the stock market…
You may have heard of a financial concept called “alpha.” Alpha measures the performance of an investment against a market benchmark like the S&P 500.
The investment’s return relative to the benchmark’s return is the investment’s “alpha.”
Alpha is quoted as a number. For example, if the S&P 500 rises 10% in a given year and a stock rises 12% during that same time, the stock has an alpha of 2.
If the S&P rises 20% and the stock rises 25%, the stock has an alpha of 5.
Our computers scan the market every day for stocks with alpha. We find stocks that tend to rise more than the market. But we don’t stop there.
Many stocks that exhibit alpha (or “beat the market”) are more volatile than the broad market. You’ve probably been told that in order to make market-beating gains, you have to take bigger risks and accept more volatility.
But our research has shown that the absolute best growth stocks to own often beat the broad market while at the same time are LESS volatile than the broad market.
These “magic” stocks are things of beauty: bigger returns, less volatility.
We rank stocks according to a combination of alpha and volatility. Those stocks that are going up the most with the least volatility are ranked the highest.
That’s the sweet spot. Those stocks are the ones large money managers are buying hand over fist.
Obviously, only the stocks that are enjoying very strong institutional buying pressure can manage to both beat the market AND be less volatile than the overall market. Only the elephants can bring that kind of buying pressure, and when a herd of elephants starts to move, they can bring mega rivers of capital that can allow stocks to behave this way.
Our “elephant tracking” analysis led us to recommend shares of sporting goods retailer Big 5 Sporting Goods Corporation (NASDAQ:BGFV) to our readers in November 2020. The stock soared 270% in about 12 months.
Our buying pressure analysis led us to recommend biotechnology company Repligen Corporation (NASDAQ:RGEN) to our readers in June 2019. The stock soared 124% in just under two years.
Our buying pressure analysis led us to recommend real estate company Safehold Inc. to our readers in October 2019. The stock soared 123% in 18 months.
In the institutional money management world, some investors focus on stocks that pay high dividends. Some focus on blue chip stocks like Disney (NYSE:DIS), Apple (NASDAQ:AAPL) and Bank of America (NYSE:BAC).
But a lot of big money managers focus on growth stocks. They want to buy stocks with the potential to appreciate 5, 10, and 20 times in value. They are looking for the next Apple and the next Disney. They want to see evidence that a company’s potential is starting to be fulfilled in the form of strong revenue and earnings growth.
The examples above — and many more — illustrate how powerful the wealth creation can be when you find such companies. When you combine strong earnings growth, huge “blue sky” potential, AND heavy institutional buying support, the results can be extraordinary.
Remember, large money managers — the “elephants of the stock market” — are thousands and thousands of times larger than your average wealthy individual.
Even a wealthy individual with $5 million in assets is a mouse compared to an elephant. That’s why tracking their movements with our “alpha/volatility” metric is a crucial component of our market-beating stock picking approach.
No one can predict the future. But knowing the stocks institutional investors are buying, and knowing when they are buying, will provide you with a huge advantage in the market. It’s part of the secret sauce that turns small investments into big profits.
Sincerely,
Louis Navellier
The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:
Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.
The post Elephant Tracking: How to Spot the Market’s Next Mega Winners BEFORE They Take Off appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This power has helped my readers make 155% from real estate investment company Arbor Realty Trust (NYSE:ABR)… 123% from REIT company Safehold Inc (NYSE:SAFE)… and 396% from software company AppFolio (NASDAQ:APPF)… and the list goes on and on. Getting it off the ground and away from Earth’s gravitational pull requires a huge amount of what rocket scientists call “thrust.” About 27 miles into the flight, the boosters separate from Shuttle, descend with parachutes, and land in the ocean. When you combine strong earnings growth, huge “blue sky” potential, AND heavy institutional buying support, the results can be extraordinary. | This power has helped my readers make 155% from real estate investment company Arbor Realty Trust (NYSE:ABR)… 123% from REIT company Safehold Inc (NYSE:SAFE)… and 396% from software company AppFolio (NASDAQ:APPF)… and the list goes on and on. Let me explain how… How Elephant Tracking Allows Us to Anticipate Huge Stock Moves Just like a big animal leaves tracks on the ground, large money managers leave tracks in the stock market. Our “elephant tracking” analysis led us to recommend shares of sporting goods retailer Big 5 Sporting Goods Corporation (NASDAQ:BGFV) to our readers in November 2020. | This power has helped my readers make 155% from real estate investment company Arbor Realty Trust (NYSE:ABR)… 123% from REIT company Safehold Inc (NYSE:SAFE)… and 396% from software company AppFolio (NASDAQ:APPF)… and the list goes on and on. No matter if someone has a million, two million, or three million dollars in the stock market, they are a pipsqueak compared to large institutional money managers. Let me explain how… How Elephant Tracking Allows Us to Anticipate Huge Stock Moves Just like a big animal leaves tracks on the ground, large money managers leave tracks in the stock market. | This power has helped my readers make 155% from real estate investment company Arbor Realty Trust (NYSE:ABR)… 123% from REIT company Safehold Inc (NYSE:SAFE)… and 396% from software company AppFolio (NASDAQ:APPF)… and the list goes on and on. I often say large money managers are the “elephants” in the market. But institutional investors invest so much money, that just a few can send a stock’s price soaring hundreds of percent higher. |
29971.0 | 2022-04-04 00:00:00 UTC | Arbor Realty Trust (ABR) Gains But Lags Market: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-gains-but-lags-market%3A-what-you-should-know-4 | nan | nan | Arbor Realty Trust (ABR) closed at $17.32 in the latest trading session, marking a +0.12% move from the prior day. The stock lagged the S&P 500's daily gain of 0.81%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 0.36%.
Heading into today, shares of the real estate investment trust had lost 2.2% over the past month, lagging the Finance sector's gain of 4.68% and the S&P 500's gain of 5.64% in that time.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.47, down 9.62% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $161.9 million, up 77.64% from the year-ago period.
ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.78 per share and revenue of $704.2 million. These results would represent year-over-year changes of -11.44% and +51.09%, respectively.
Investors should also note any recent changes to analyst estimates for Arbor Realty Trust. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Arbor Realty Trust is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Arbor Realty Trust has a Forward P/E ratio of 9.72 right now. This represents a premium compared to its industry's average Forward P/E of 8.99.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 215, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABR in the coming trading sessions, be sure to utilize Zacks.com.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed at $17.32 in the latest trading session, marking a +0.12% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.78 per share and revenue of $704.2 million. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $17.32 in the latest trading session, marking a +0.12% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.78 per share and revenue of $704.2 million. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $17.32 in the latest trading session, marking a +0.12% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.78 per share and revenue of $704.2 million. | Arbor Realty Trust (ABR) closed at $17.32 in the latest trading session, marking a +0.12% move from the prior day. ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.78 per share and revenue of $704.2 million. To follow ABR in the coming trading sessions, be sure to utilize Zacks.com. |
29972.0 | 2022-03-28 00:00:00 UTC | Arbor Realty Trust (ABR) Gains But Lags Market: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-gains-but-lags-market%3A-what-you-should-know-3 | nan | nan | Arbor Realty Trust (ABR) closed the most recent trading day at $17.19, moving +0.12% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.71%. At the same time, the Dow added 0.27%, and the tech-heavy Nasdaq gained 0.14%.
Heading into today, shares of the real estate investment trust had lost 3.97% over the past month, lagging the Finance sector's gain of 1.76% and the S&P 500's gain of 3.76% in that time.
Wall Street will be looking for positivity from Arbor Realty Trust as it approaches its next earnings report date. In that report, analysts expect Arbor Realty Trust to post earnings of $0.47 per share. This would mark a year-over-year decline of 9.62%. Meanwhile, our latest consensus estimate is calling for revenue of $161.9 million, up 77.64% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.78 per share and revenue of $704.2 million. These totals would mark changes of -11.44% and +51.09%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Arbor Realty Trust. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Arbor Realty Trust currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Arbor Realty Trust is currently trading at a Forward P/E ratio of 9.65. This represents a premium compared to its industry's average Forward P/E of 9.05.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 215, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed the most recent trading day at $17.19, moving +0.12% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report Wall Street will be looking for positivity from Arbor Realty Trust as it approaches its next earnings report date. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed the most recent trading day at $17.19, moving +0.12% from the previous trading session. In that report, analysts expect Arbor Realty Trust to post earnings of $0.47 per share. | Arbor Realty Trust (ABR) closed the most recent trading day at $17.19, moving +0.12% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust currently has a Zacks Rank of #2 (Buy). | Arbor Realty Trust (ABR) closed the most recent trading day at $17.19, moving +0.12% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report Heading into today, shares of the real estate investment trust had lost 3.97% over the past month, lagging the Finance sector's gain of 1.76% and the S&P 500's gain of 3.76% in that time. |
29973.0 | 2022-03-22 00:00:00 UTC | Arbor Realty Trust (ABR) Gains But Lags Market: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-gains-but-lags-market%3A-what-you-should-know-2 | nan | nan | Arbor Realty Trust (ABR) closed the most recent trading day at $17.15, moving +0.82% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.13%. Meanwhile, the Dow gained 0.74%, and the Nasdaq, a tech-heavy index, added 0.91%.
Heading into today, shares of the real estate investment trust had lost 1.85% over the past month, lagging the Finance sector's gain of 0.44% and the S&P 500's gain of 2.65% in that time.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release. In that report, analysts expect Arbor Realty Trust to post earnings of $0.47 per share. This would mark a year-over-year decline of 9.62%. Our most recent consensus estimate is calling for quarterly revenue of $161.9 million, up 77.64% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.78 per share and revenue of $704.2 million, which would represent changes of -11.44% and +51.09%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Arbor Realty Trust. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.6% higher. Arbor Realty Trust is currently a Zacks Rank #2 (Buy).
Investors should also note Arbor Realty Trust's current valuation metrics, including its Forward P/E ratio of 9.56. Its industry sports an average Forward P/E of 8.83, so we one might conclude that Arbor Realty Trust is trading at a premium comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed the most recent trading day at $17.15, moving +0.82% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed the most recent trading day at $17.15, moving +0.82% from the previous trading session. For the full year, our Zacks Consensus Estimates are projecting earnings of $1.78 per share and revenue of $704.2 million, which would represent changes of -11.44% and +51.09%, respectively, from the prior year. | Arbor Realty Trust (ABR) closed the most recent trading day at $17.15, moving +0.82% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust is currently a Zacks Rank #2 (Buy). | Arbor Realty Trust (ABR) closed the most recent trading day at $17.15, moving +0.82% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report Heading into today, shares of the real estate investment trust had lost 1.85% over the past month, lagging the Finance sector's gain of 0.44% and the S&P 500's gain of 2.65% in that time. |
29974.0 | 2022-03-17 00:00:00 UTC | Arbor Realty Trust Prices Public Offering Of 6.50 Mln Shares For Expected Proceeds Of $108.9 Mln | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-prices-public-offering-of-6.50-mln-shares-for-expected-proceeds-of-%24108 | nan | nan | (RTTNews) - Arbor Realty Trust Inc. (ABR) said that it priced its public offering of 6.50 million shares of common stock for total expected gross proceeds of about $108.9 million before underwriting discounts and commissions and expenses.
The offering was upsized from the previously announced offering size of 6 million shares.
The company has also granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of its common stock. The offering is subject to customary closing conditions and is expected to close on March 22, 2022.
The company plans to use the net proceeds from the offering to make investments relating to its business and for general corporate purposes.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Arbor Realty Trust Inc. (ABR) said that it priced its public offering of 6.50 million shares of common stock for total expected gross proceeds of about $108.9 million before underwriting discounts and commissions and expenses. The company has also granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of its common stock. The company plans to use the net proceeds from the offering to make investments relating to its business and for general corporate purposes. | (RTTNews) - Arbor Realty Trust Inc. (ABR) said that it priced its public offering of 6.50 million shares of common stock for total expected gross proceeds of about $108.9 million before underwriting discounts and commissions and expenses. The offering was upsized from the previously announced offering size of 6 million shares. The company has also granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of its common stock. | (RTTNews) - Arbor Realty Trust Inc. (ABR) said that it priced its public offering of 6.50 million shares of common stock for total expected gross proceeds of about $108.9 million before underwriting discounts and commissions and expenses. The offering was upsized from the previously announced offering size of 6 million shares. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Arbor Realty Trust Inc. (ABR) said that it priced its public offering of 6.50 million shares of common stock for total expected gross proceeds of about $108.9 million before underwriting discounts and commissions and expenses. The offering is subject to customary closing conditions and is expected to close on March 22, 2022. The company plans to use the net proceeds from the offering to make investments relating to its business and for general corporate purposes. |
29975.0 | 2022-03-16 00:00:00 UTC | Arbor Realty Trust (ABR) Gains But Lags Market: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-gains-but-lags-market%3A-what-you-should-know-1 | nan | nan | Arbor Realty Trust (ABR) closed at $17.52 in the latest trading session, marking a +1.51% move from the prior day. The stock lagged the S&P 500's daily gain of 2.24%. At the same time, the Dow added 1.55%, and the tech-heavy Nasdaq gained 0.5%.
Heading into today, shares of the real estate investment trust had gained 1.35% over the past month, outpacing the Finance sector's loss of 5.62% and the S&P 500's loss of 4.46% in that time.
Wall Street will be looking for positivity from Arbor Realty Trust as it approaches its next earnings report date. The company is expected to report EPS of $0.47, down 9.62% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $161.9 million, up 77.64% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.78 per share and revenue of $704.2 million. These totals would mark changes of -11.44% and +51.09%, respectively, from last year.
Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.6% higher. Arbor Realty Trust currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Arbor Realty Trust is currently trading at a Forward P/E ratio of 9.7. For comparison, its industry has an average Forward P/E of 8.72, which means Arbor Realty Trust is trading at a premium to the group.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 232, putting it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed at $17.52 in the latest trading session, marking a +1.51% move from the prior day. Arbor Realty Trust (ABR): Free Stock Analysis Report Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.78 per share and revenue of $704.2 million. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $17.52 in the latest trading session, marking a +1.51% move from the prior day. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.78 per share and revenue of $704.2 million. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed at $17.52 in the latest trading session, marking a +1.51% move from the prior day. Arbor Realty Trust currently has a Zacks Rank of #2 (Buy). | Arbor Realty Trust (ABR) closed at $17.52 in the latest trading session, marking a +1.51% move from the prior day. Arbor Realty Trust (ABR): Free Stock Analysis Report Wall Street will be looking for positivity from Arbor Realty Trust as it approaches its next earnings report date. |
29976.0 | 2022-03-16 00:00:00 UTC | 3 Stalwart mREIT Stocks That Can Battle Interest Rate Headwinds | ABR | https://www.nasdaq.com/articles/3-stalwart-mreit-stocks-that-can-battle-interest-rate-headwinds | nan | nan | The Zacks REIT and Equity Trust industry, which recovered well from the pandemic blues, is expected to be unfavorable in the near term, with an aggressive interest rate hike cycle in the ongoing year. This will cause damages to the business models of mortgage REITs. We expect these companies to see reductions in book values and net interest spreads. Further, amid the rising mortgage rates, the mortgage production boom continues to fade. This is likely to drive pricing competition on the origination front and result in depressed gain-on-sale margins.
Nonetheless, receding prepayment spreads offer respite to industry players by supporting asset yields and margins, whereas business diversification offers support amid volatile conditions. These create an encouraging backdrop for players like Starwood Property Trust STWD, Arbor Realty Trust ABR and Ready Capital Corporation RC.
About the Industry
The Zacks REIT and Equity Trust industry comprises mortgage REITs, also known as mREITs. Industry players invest in and originate mortgages and mortgage-backed securities (MBS), thereby providing mortgage credit for homeowners and businesses. Typically, these companies focus on residential or commercial mortgage markets, although some invest in both markets through the respective asset-backed securities. Agency securities are backed by the federal government, making it a safer bet and limiting credit risk. Also, such REITs raise funds in both debt and equity markets through common and preferred equity, repurchase agreements, structured financing, convertible and long-term debt, and other credit facilities. Net interest margin (NIM), spread between interest income on mortgage assets and securities held and funding costs, is the key revenue metric for mREITs.
What's Shaping the Future of the mREIT Industry?
Challenging Mortgage Production Environment to Limit Revenues: Amid the tight labor markets and all-time-high inflation level, the Federal Reserve is in the midst of a shift from quantitative easing to tightening, with a reduction in asset purchases and rising short-term interest rates. These are likely to result in yield curve flattening, with a rise in short and intermediate-term rates. Russia’s invasion of Ukraine might also influence Fed’s monetary policy decisions for the ongoing year. Since the yield curve impacts the path of mortgage rates, the macroeconomic backdrop indicates that mortgage rates will witness an uptick in the upcoming period. These factors are likely to lead to lower origination volumes, especially refinancing, as incentives for borrowers to refinance loans are likely to fade. These might impede revenue growth for mortgage servicers and originators as competition increases in the origination market.
Net Interest Spread & Book Values to Decline: The Fed’s efforts to control inflation and increase interest rates are likely to be significant hindrances for mREITs. This is because mREITs finance the purchase of high-yielding mortgage assets through low-cost financing. Hence, mortgage REITs, which had been enjoying higher net interest spreads on low borrowing costs, are expected to see margin risks and profitability deterioration in the upcoming period. This may discourage mREIT investors and result in capital outflows from the industry, potentially resulting in even greater book value declines for industry players in the upcoming period.This aside, the majority of commercial mREITs tend to have floating-rate liabilities, implying an increase in interest expenses when rates go up. Mortgage spread widening and depressed gain-on-sale margins are also expected to continue in the upcoming period.
Conservative Approach to Impede Returns: Recognizing the growing concerns in the current financial markets, mREITs have resorted to adjustments in their investment portfolio. With Fed accelerating its Agency asset purchase tapering, expected spread widening and higher volatility; the companies have been trimming investment portfolios and increasing hedge ratios. Although such hedging strategies are sketched to help offset interest rate fluctuations, these are not designed to shield it against fluctuations in tangible net book value due to changes in the spread between investments and other benchmark rates like swap and treasury rates. This exposes companies to the risk of adverse spread changes. Moreover, as companies prioritize risk and liquidity management over incremental returns amid the volatility in the current market, at least in the short term, robust returns are expected to remain elusive.
Zacks Industry Rank Reflects Dismal Prospects
The Zacks REIT and Equity Trust industry is housed within the broader Zacks Finance sector. It carries a Zacks Industry Rank #232, which places it in the bottom 6% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is an outcome of the negative earnings outlook for the constituent companies. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group's earnings growth potential. The industry’s current-year earnings estimate has moved marginally down since May last year.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Lags Sector and S&P 500
The Zacks REIT and Equity Trust industry has lagged the broader Zacks Finance sector and the S&P 500 composite in the past year.
The industry has slipped 13.5% during this period against the broader sector’s growth of 2.1%. The S&P Index has risen 5% over the past year.
One-Year Price Performance
Image Source: Zacks Investment Research
Industry's Current Valuation
On the basis of the trailing 12-month price-to-book (P/BV), which is a commonly used multiple for valuing mREITs, the industry is currently trading at 1.13X compared with the S&P 500’s 6.19X. It is also below the sector’s trailing-12-month P/BV of 3.51X. Over the past five years, the industry has traded as high as 1.32X, as low as 1.12X, and at the median of 1.25X.
Price-to-Book TTM
Image Source: Zacks Investment Research
Three mREIT Stocks Worth Betting On
Ready Capital: The mREIT, headquartered in New York, primarily focuses on originating and servicing small-to-medium balance commercial loans. RC is likely to reap benefits from its inorganic growth moves, which have increased scale and expanded capabilities. Also, its diversified and recurring revenues from stabilized net interest and servicing revenues from gain-on-sale operations are expected to drive top-line growth.
Ready Capitalprovides life-cycle financing to small-balance commercial properties. This has likely provided it a competitive edge over peers. Strong demand in its small-balance commercial portfolio is anticipated to bolster RC’s loan growth. Bridge lending, industrial and SBA loan categories are expected to be other key strengths.
The company sports a Zacks Rank of 1 (Strong Buy) at present. The Zacks Consensus Estimate for its 2022 earnings has been revised 7.5% upward over the past week to $2.14, indicating significant year-over-year growth. Moreover, 2022 net interest income (NII) estimates of $268.2 million indicate a year-over-year uptick of 41.2%.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Price and Consensus: RC
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Arbor Realty: The New York-headquartered mREIT primarily focuses on originating and servicing loans for multi-family, single-family and other commercial real estate assets.Arbor Realty’s diversified investment focus on commercial real estate debt investments, mortgage servicing and commercial mortgage-backed securities is likely to enable it to generate stable income in the upcoming quarters despite the challenging economic environment.
Further, multifamily mortgage loan securitization and originations are expected to expand ABR’s fee-based servicing portfolio, thereby driving servicing revenues.
The company currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for first-quarter 2022 earnings has been revised 14.6% upward to 47 cents in a month. Moreover, 2022 NII estimates of $704.2 million indicate a year-over-year uptick of 51%.
Price and Consensus: ABR
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Starwood Property:Greenwich, CT-based STWD operates through four segments — Commercial and Residential Lending, Infrastructure Lending, Property and Investing, and Servicing segments.
Starwood Property had a $14.2-billion diverse loan portfolio as of Dec 31, 2021, with 29% of loans backed by office properties, 27% multifamily and 19% hotel. Also, 11% of its loans were backed by mixed-use, 6% industrial, 2% residential, 2% retail and 4% in other property types.
STWD leverages its global multi-cylinder platform to make investments. As of 2021-end, the company had $24.1 billion of primarily floating-rate assets, positioning it well to navigate the current environment.
The Zacks Consensus Estimate for the company’s first-quarter 2022 earnings has been revised 1.9% upward to 54 cents over the past month. Moreover, 2022 NII is pegged at $1.42 billion, indicating a year-over-year uptick of 21.4%. Starwood Property carries a Zacks Rank of #2 at present.
Price and Consensus: STWD
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5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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STARWOOD PROPERTY TRUST, INC. (STWD): Free Stock Analysis Report
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Ready Capital Corp (RC): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | These create an encouraging backdrop for players like Starwood Property Trust STWD, Arbor Realty Trust ABR and Ready Capital Corporation RC. Further, multifamily mortgage loan securitization and originations are expected to expand ABR’s fee-based servicing portfolio, thereby driving servicing revenues. Price and Consensus: ABR | These create an encouraging backdrop for players like Starwood Property Trust STWD, Arbor Realty Trust ABR and Ready Capital Corporation RC. Further, multifamily mortgage loan securitization and originations are expected to expand ABR’s fee-based servicing portfolio, thereby driving servicing revenues. Price and Consensus: ABR | These create an encouraging backdrop for players like Starwood Property Trust STWD, Arbor Realty Trust ABR and Ready Capital Corporation RC. Further, multifamily mortgage loan securitization and originations are expected to expand ABR’s fee-based servicing portfolio, thereby driving servicing revenues. Price and Consensus: ABR | These create an encouraging backdrop for players like Starwood Property Trust STWD, Arbor Realty Trust ABR and Ready Capital Corporation RC. Further, multifamily mortgage loan securitization and originations are expected to expand ABR’s fee-based servicing portfolio, thereby driving servicing revenues. Price and Consensus: ABR |
29977.0 | 2022-03-14 00:00:00 UTC | Are Options Traders Betting on a Big Move in Arbor Realty (ABR) Stock? | ABR | https://www.nasdaq.com/articles/are-options-traders-betting-on-a-big-move-in-arbor-realty-abr-stock | nan | nan | Investors in Arbor Realty Trust, Inc. ABR need to pay close attention to the stock based on moves in the options market lately. That is because the Apr 14, 2022 $17.50 Put had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Arbor Realty shares, but what is the fundamental picture for the company? Currently, Arbor Realty is a Zacks Rank #2 (Buy) in the REIT and Equity Trust industry that ranks in the Bottom 8% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimate for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 41 cents per share to 47 cents in that period.
Given the way analysts feel about Arbor Realty right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors in Arbor Realty Trust, Inc. ABR need to pay close attention to the stock based on moves in the options market lately. Arbor Realty Trust (ABR): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. | Investors in Arbor Realty Trust, Inc. ABR need to pay close attention to the stock based on moves in the options market lately. Arbor Realty Trust (ABR): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. | Investors in Arbor Realty Trust, Inc. ABR need to pay close attention to the stock based on moves in the options market lately. Arbor Realty Trust (ABR): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. | Investors in Arbor Realty Trust, Inc. ABR need to pay close attention to the stock based on moves in the options market lately. Arbor Realty Trust (ABR): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. |
29978.0 | 2022-03-14 00:00:00 UTC | Arbor Realty Trust (ABR) Dips More Than Broader Markets: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-dips-more-than-broader-markets%3A-what-you-should-know | nan | nan | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.27, marking a -1.26% move from the previous day. This change lagged the S&P 500's daily loss of 0.74%.
Heading into today, shares of the real estate investment trust had gained 2.46% over the past month, outpacing the Finance sector's loss of 6.55% and the S&P 500's loss of 4.6% in that time.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.47, down 9.62% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $161.9 million, up 77.64% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.78 per share and revenue of $704.2 million, which would represent changes of -11.44% and +51.09%, respectively, from the prior year.
Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.6% higher. Arbor Realty Trust is currently a Zacks Rank #2 (Buy).
Investors should also note Arbor Realty Trust's current valuation metrics, including its Forward P/E ratio of 9.83. For comparison, its industry has an average Forward P/E of 8.73, which means Arbor Realty Trust is trading at a premium to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 229, which puts it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.27, marking a -1.26% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Investors should also note Arbor Realty Trust's current valuation metrics, including its Forward P/E ratio of 9.83. | Arbor Realty Trust (ABR): Free Stock Analysis Report In the latest trading session, Arbor Realty Trust (ABR) closed at $17.27, marking a -1.26% move from the previous day. Over the past month, the Zacks Consensus EPS estimate has moved 0.6% higher. | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.27, marking a -1.26% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust is currently a Zacks Rank #2 (Buy). | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.27, marking a -1.26% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust is currently a Zacks Rank #2 (Buy). |
29979.0 | 2022-03-11 00:00:00 UTC | Billionaire Israel Englander Bets on These 2 High-Yield Dividend Stocks | ABR | https://www.nasdaq.com/articles/billionaire-israel-englander-bets-on-these-2-high-yield-dividend-stocks | nan | nan | If there’s one thing certain, it’s that markets are unpredictable – and that unpredictability is increasing. This past week has seen the sharpest day-to-day volatility on Wall Street since 2020. In an added complication, the reasons are multiplying: high inflation is rising higher, wages are not keeping up, Russia’s invasion of Ukraine has started Europe’s largest war since 1945, and energy and food commodities – key ingredients in the inflation mix – are sure to rise in price as a result of that fighting.
All of this is enough to get investors’ heads spinning. And it’s sure to have investors looking for some clear signal regarding stock choices. One source for such signals: the market’s legendary investors. The billionaire hedge managers have built up their funds to enormous dimensions, and made personal fortunes as well – and the average retail investor can take a page or two from those books.
Few names are as attached to such long-term hedge success as Izzy Englander. The founder of the Millennium fund – which he started with $35 million in 1989, now manages over $196 billion, and has a reputation for generating high profits. Even in the ‘corona year’ of 2020, Englander’s fund saw returns to investors of $10.2 billion. Englander himself has amassed a personal fortune of more than $10 billion.
Regular SEC filings show the moves that Englander has made, through the Millennium Fund. It’s interesting to note that he’s moving heavily into dividend stocks, the stock market’s traditional defensive play, and one that will naturally increase the return to investors.
We’ve used the TipRanks platform to pull up the details on two of recent buys, positions that he has seen fit to increase by wide margins, and offer dividends yields as much as 8%. Let’s take a closer look.
Arbor Realty Trust (ABR)
We’ll start with Arbor Realty Trust, a mortgage lender operating in the multifamily residence and commercial property market. Arbor works with both Fannie Mae and Freddie Mac, providing direct funding for their loans, as well as financing developers for multifamily residences.
Arbor focuses its efforts on large-scale loan securitization. In February, the company closed two such arrangements, the first for $2.05 billion and the second for $489 million. The securitizations ensure funding for multifamily real estate mortgage loans.
Also in February, Arbor reported its 4Q21 financial results, with good news for dividend investors. The company’s net income came in at $126 million, up from $112 million in the year-ago quarter. Distributable earnings were listed at 57 cents, and provided full coverage of the common stock dividend, which was declared at 37 cents per share. At that rate, the dividend annualizes to $1.48 per common share, and gives a yield of 8.19%. Importantly for investors, the dividend declaration marked the seventh quarterly increase in a row.
For a hedge manager looking to ensure returns, that kind of performance is sure to attract notice. And Englander’s fund bought 1,108,129 shares in ABR, per the most recent regulatory filing. These shares increased an existing holding by 750%, and are currently worth over $19.5 million.
Englander isn’t the only one bullish on this stock. Raymond James’ 5-star analyst Stephen Laws describes ABR’s Q4 results as exceptionally strong, and goes on to write: "Distributable EPS easily beat our estimate and adjusted book value increased 6% sequentially... We expect new origination activity for the balance sheet portfolio to remain strong, and we continue to expect this portfolio to feed the agency business as loans mature.”
"We are reiterating our Outperform rating to reflect the strong financial results, our expectation of continued portfolio growth, recent dividend increases, and a strong dividend coverage ratio," the analyst added.
Laws's Outperform (i.e. Buy) rating comes with a $24 price target, implying a 36% one-year upside to the stock. Based on the current dividend yield and the expected price appreciation, the stock has ~44% potential total return profile. (To watch Laws’ track record, click here)
While bullish, Laws’ view is no outlier – Arbor has a unanimous Strong Buy consensus rating based on 3 positive reviews. The shares are priced at $17.63 and their $21 average target suggests ~19% one-year upside. (See ABR stock analysis on TipRanks)
Physicians Realty Trust (DOC)
Next up is Physicians Realty Trust, a real estate investment trust (REIT) with a property portfolio made up of healthcare-related holdings. DOC buys, manages, and leases these properties, and the tenants are primarily hospitals, medical clinics, and physician practices. These properties, located across the continental US, boast an overall occupancy rate of 95%. Of the total properties, 246 are Medical Office Buildings (MOB), which hold 84% of the company’s total leasable square footage.
Physicians Realty completed a major acquisition this past December, when it added 14 MOBs from the ‘Landmark Portfolio’ to its own. These buildings, like DOC’s pre-acquisition holdings, are 95% leased; three-fourths the leases are to ‘investment grade’ tenants. The company paid a total sale price of $750 million to make the acquisition, and expects a first-year cash yield of 4.9% from the Landmark buy.
Not long after the Landmark acquisition, DOC declared its fourth quarter dividend for 2021. At 23 cents per common share, the payment marks the thirty-fourth consecutive quarterly dividend. It annualizes to 92 cents per share, which gives a yield of 5.4%. Dividend investors should note that DOC, in its Q421 report, listed total funds from operations (FFO, a key metric that supports the dividend) of 26 cents per share, making the current dividend rate sustainable for the company.
Clearly, Englander saw something attractive here; he increased his existing holding in Physicians Realty by a whopping 6,198%, through a buy of 1,972,817 shares. At current rates, these shares are valued at $33 million.
In his coverage of DOC, Berenberg analyst Connor Siversky agrees that DOC is a buying proposition. He writes: “DOC finished off 2021 in strong fashion, collecting virtually all its contractual rents while posting reasonable yoy same store NOI growth of 2.5%. Of note, DOC’s $750m Landmark portfolio acquisition in December pushed a total investment volume of just about $1bn for the year. Based on our estimates, we expect the portfolio transaction to add almost $37m in annualized NOI... DOC currently trades at a discount of 15.0% on P/2022E AFFO versus MOB dedicated peers."
To this end, Siversky rates DOC a Buy, while setting a $19 price target that suggests an upside potential of ~13% in the next 12 months. (To watch Siversky’s track record, click here)
Overall, the analyst consensus here is a Moderate Buy, based on 8 reviews that include 3 Buys and 5 Holds. The stock’s $19.63 average price target implies an upside, for the coming year, of 17% from the current trading price of $16.76. (See DOC stock analysis)
To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) We’ll start with Arbor Realty Trust, a mortgage lender operating in the multifamily residence and commercial property market. And Englander’s fund bought 1,108,129 shares in ABR, per the most recent regulatory filing. Raymond James’ 5-star analyst Stephen Laws describes ABR’s Q4 results as exceptionally strong, and goes on to write: "Distributable EPS easily beat our estimate and adjusted book value increased 6% sequentially... We expect new origination activity for the balance sheet portfolio to remain strong, and we continue to expect this portfolio to feed the agency business as loans mature.” "We are reiterating our Outperform rating to reflect the strong financial results, our expectation of continued portfolio growth, recent dividend increases, and a strong dividend coverage ratio," the analyst added. | Raymond James’ 5-star analyst Stephen Laws describes ABR’s Q4 results as exceptionally strong, and goes on to write: "Distributable EPS easily beat our estimate and adjusted book value increased 6% sequentially... We expect new origination activity for the balance sheet portfolio to remain strong, and we continue to expect this portfolio to feed the agency business as loans mature.” "We are reiterating our Outperform rating to reflect the strong financial results, our expectation of continued portfolio growth, recent dividend increases, and a strong dividend coverage ratio," the analyst added. (See ABR stock analysis on TipRanks) Physicians Realty Trust (DOC) Next up is Physicians Realty Trust, a real estate investment trust (REIT) with a property portfolio made up of healthcare-related holdings. Arbor Realty Trust (ABR) We’ll start with Arbor Realty Trust, a mortgage lender operating in the multifamily residence and commercial property market. | Raymond James’ 5-star analyst Stephen Laws describes ABR’s Q4 results as exceptionally strong, and goes on to write: "Distributable EPS easily beat our estimate and adjusted book value increased 6% sequentially... We expect new origination activity for the balance sheet portfolio to remain strong, and we continue to expect this portfolio to feed the agency business as loans mature.” "We are reiterating our Outperform rating to reflect the strong financial results, our expectation of continued portfolio growth, recent dividend increases, and a strong dividend coverage ratio," the analyst added. (See ABR stock analysis on TipRanks) Physicians Realty Trust (DOC) Next up is Physicians Realty Trust, a real estate investment trust (REIT) with a property portfolio made up of healthcare-related holdings. Arbor Realty Trust (ABR) We’ll start with Arbor Realty Trust, a mortgage lender operating in the multifamily residence and commercial property market. | Arbor Realty Trust (ABR) We’ll start with Arbor Realty Trust, a mortgage lender operating in the multifamily residence and commercial property market. And Englander’s fund bought 1,108,129 shares in ABR, per the most recent regulatory filing. Raymond James’ 5-star analyst Stephen Laws describes ABR’s Q4 results as exceptionally strong, and goes on to write: "Distributable EPS easily beat our estimate and adjusted book value increased 6% sequentially... We expect new origination activity for the balance sheet portfolio to remain strong, and we continue to expect this portfolio to feed the agency business as loans mature.” "We are reiterating our Outperform rating to reflect the strong financial results, our expectation of continued portfolio growth, recent dividend increases, and a strong dividend coverage ratio," the analyst added. |
29980.0 | 2022-03-11 00:00:00 UTC | Validea John Neff Strategy Daily Upgrade Report - 3/11/2022 | ABR | https://www.nasdaq.com/articles/validea-john-neff-strategy-daily-upgrade-report-3-11-2022 | nan | nan | The following are today's upgrades for Validea's Low PE Investor model based on the published strategy of John Neff. This strategy looks for firms with persistent earnings growth that trade at a discount relative to their earnings growth and dividend yield.
ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. The rating according to our strategy based on John Neff changed from 58% to 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arbor Realty Trust, Inc. is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily, single-family rental and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages and preferred and direct equity. The Company operates in two segments: Structured Business and Agency Business. It also directly acquires real property and invests in real estate-related notes and certain mortgage-related securities. The Company is focused on investment types, which include Bridge Financing, Mezzanine Financing, Junior Participation Financing, Preferred Equity Investments, Single-Family Rental Portfolio Financing, Structured Transactions, government-sponsored enterprises (GSE) and Housing and Urban Development (HUD) Agency Lending and Private Label.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: FAIL
EPS PERSISTENCE: FAIL
Detailed Analysis of ARBOR REALTY TRUST INC
Full Guru Analysis for ABR
Full Factor Report for ABR
More details on Validea's John Neff strategy
About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. He was mild-mannered and low-key, and the same might be said of the Windsor Fund that he managed for more than three decades. In fact, Neff himself described the fund as "relatively prosaic, dull, [and] conservative." There was nothing dull about his results, however. From 1964 to 1995, Neff guided Windsor to a 13.7 percent average annual return, easily outpacing the S&P 500's 10.6 percent return during that time. That 3.1 percentage point difference is huge over time -- a $10,000 investment in Windsor (with dividends reinvested) at the start of Neff's tenure would have ended up as more than $564,000 by the time he retired, more than twice what the same investment in the S&P would have yielded (about $233,000). Considering the length of his tenure, that track record may be the best ever for a manager of such a large fund.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR More details on Validea's John Neff strategy About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. The following are today's upgrades for Validea's Low PE Investor model based on the published strategy of John Neff. | Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR More details on Validea's John Neff strategy About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. The Company invests in a portfolio of structured finance assets in the multifamily, single-family rental and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages and preferred and direct equity. | Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR More details on Validea's John Neff strategy About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. The Company invests in a portfolio of structured finance assets in the multifamily, single-family rental and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages and preferred and direct equity. | ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR More details on Validea's John Neff strategy About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. The following are today's upgrades for Validea's Low PE Investor model based on the published strategy of John Neff. |
29981.0 | 2022-03-05 00:00:00 UTC | Want $5,000 in Passive Income? Invest $74,000 in These High-Yield Dividend Stocks | ABR | https://www.nasdaq.com/articles/want-%245000-in-passive-income-invest-%2474000-in-these-high-yield-dividend-stocks | nan | nan | Inflation is running hot. The consumer price index for January came in at 7.5%, the highest reading since 1982. Geopolitical conflict will also put pressure on the cost of energy, which could keep inflation elevated for the near future.
If we are going through an extended period of higher inflation, it would be prudent to give dividend stocks a spot in your portfolio. According to research from Fidelity, dividends have accounted for 40% of the stock market's total return since 1930. And during inflationary times, dividends accounted for an even larger share of market returns. In the inflationary decades of the 1940s and 1970s, dividends accounted for 65% and 71%, respectively, of the S&P 500's total returns.
Two high-yield dividend stocks you can add today are Arbor Realty (NYSE: ABR) and New York Community Bancorp (NYSE: NYCB).
1. Arbor Realty: 7.78% dividend yield
Arbor Realty Trust is a real estate investment trust (REIT) that provides loans, focusing on multifamily housing. REITs combine real estate investments with stock investments, making property investing available to more investors.
REITs are exempt from income taxes provided they pay out 90% of their taxable income to shareholders in the form of dividends every year. Because of this tax structure, REITs can offer attractive dividend yields. However, REITs are treated as nonqualified dividends -- meaning investors must pay taxes on them -- so they are better held in tax-advantaged individual retirement accounts (IRA).
Image source: Getty Images.
Arbor Realty focuses on multifamily housing because it tends to remain more stable in a variety of market cycles. That's because housing is essential and will always be in demand.
Arbor Realty mainly provides bridge loans to buyers of multifamily properties with short-term financing. In 2021, $10.8 billion of its loans -- 89% of its total loans and investment portfolio -- were bridge loans on multifamily properties. These loans are made to borrowers who buy a property and improve its value quickly, often through renovation. These borrowers can then use proceeds from a conventional mortgage to repay the bridge loan.
For Arbor Realty, these loans have a weighted average maturity of 24 months. This short duration could benefit Arbor Realty as interest rates begin to rise. That's because it doesn't lock in low interest rates for an extended time, and the company will be able to take advantage when rates do eventually increase.
Over the past five years, Arbor Realty has had stellar growth. Its structured portfolio has grown 47% compounded annually. Meanwhile, its net interest income has increased by 36%, compounded annually. Arbor Realty yields about 8%, so investing $37,000 in the multifamily REIT could make you $2,960 in passive income annually.
2. New York Community Bancorp: 5.85% dividend yield
New York Community Bancorp is a regional bank with about 237 branches. Like Arbor Realty, New York Community Bank specializes in multifamily loans in New York City, specifically non-luxury residential apartment buildings. Multifamily loans make up $25.8 billion of its total loans, or about 82%.
The bank is currently transforming under its Chief Executive Officer Thomas Cangemi. Part of this transformation focuses on lower-cost and stickier deposits, as well as a diversified loan mix. Deposits grew 8% last year as the bank deployed its deposit strategy.
One part of this strategy includes expanding its banking-as-a-service (BaaS) initiative. BaaS is a global movement that allows non-banks to embed their financial products into a bank's systems. BaaS provides an excellent opportunity for banks to grow deposits cheaply while embedding the bank's services within financial technologies.
Image source: Getty Images.
According to researchers at Oliver Wyman, a subsidiary of Marsh & McLennan, the cost of acquiring a new customer can range from $100 to $200. However, with BaaS technology, that cost ranges from $5 to $35. For New York Community Bank, BaaS deposits are up to $1 billion but still represent a small portion of its total deposits of $35.1 billion.
The bank sees the New York City residential market bouncing back as the pandemic eases, with strong demand outpacing supply. This drove record loan growth in the fourth quarter, which propelled solid annual gains for the bank last year. Loans increased 7% year over year while the bank posted its highest diluted earnings per share (EPS) since 2005.
The bank has paid a high dividend for a decade now, with a 10-year average yield of 6.14%. It also has a payout ratio of 44%, suggesting the bank shouldn't have any problem maintaining this dividend. With a current yield of 5.85%, investors putting $37,000 in would get back $2,165 in annual income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Two high-yield dividend stocks you can add today are Arbor Realty (NYSE: ABR) and New York Community Bancorp (NYSE: NYCB). However, REITs are treated as nonqualified dividends -- meaning investors must pay taxes on them -- so they are better held in tax-advantaged individual retirement accounts (IRA). The bank sees the New York City residential market bouncing back as the pandemic eases, with strong demand outpacing supply. | Two high-yield dividend stocks you can add today are Arbor Realty (NYSE: ABR) and New York Community Bancorp (NYSE: NYCB). Arbor Realty: 7.78% dividend yield Arbor Realty Trust is a real estate investment trust (REIT) that provides loans, focusing on multifamily housing. REITs combine real estate investments with stock investments, making property investing available to more investors. | Two high-yield dividend stocks you can add today are Arbor Realty (NYSE: ABR) and New York Community Bancorp (NYSE: NYCB). Arbor Realty: 7.78% dividend yield Arbor Realty Trust is a real estate investment trust (REIT) that provides loans, focusing on multifamily housing. In 2021, $10.8 billion of its loans -- 89% of its total loans and investment portfolio -- were bridge loans on multifamily properties. | Two high-yield dividend stocks you can add today are Arbor Realty (NYSE: ABR) and New York Community Bancorp (NYSE: NYCB). Arbor Realty: 7.78% dividend yield Arbor Realty Trust is a real estate investment trust (REIT) that provides loans, focusing on multifamily housing. In 2021, $10.8 billion of its loans -- 89% of its total loans and investment portfolio -- were bridge loans on multifamily properties. |
29982.0 | 2022-02-28 00:00:00 UTC | Northrim (NRIM) Rewards Investors With 7.9% Dividend Hike | ABR | https://www.nasdaq.com/articles/northrim-nrim-rewards-investors-with-7.9-dividend-hike | nan | nan | Northrim BanCorp NRIM recently announced that its board of directors has approved a regular quarterly cash dividend of 41 cents per share. This represents an increase of 7.9% from its prior payout.
The dividend will be paid on Mar 18, to shareholders of record as on Mar 10, 2022. Prior to this, the company had hiked its dividend in August 2021 by 2.7% to 38 cents.
Based on the increased rate, the annual dividend comes to $1.64 per share, resulting in an annualized dividend yield of 3.79%, considering Northrim’s closing price of $43.26 as of Feb 25. The yield is impressive compared with the industry average of 2.03%. The yield is not only attractive for investors, but also represents a steady income stream.
Apart from regular dividend payouts, NRIM has a share repurchase plan in place. In January 2022, an expansion of its share repurchase program was approved, under which the company is authorized to repurchase up to $13 million worth of shares. Since inception of the stock repurchase plan, it has repurchased approximately 1.75 million shares.
These efforts reflect Northrim’s commitment to boost shareholder value through its strong cash-generation capabilities while retaining sufficient capital for growing organically through rise in core loan, fee and interest income, and the overall growth in earnings assets.
Over the past three months, shares of NRIM have gained 2.2% against the industry’s decline of 4.9%.
Image Source: Zacks Investment Research
Northrim currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Finance Stocks Undertaking Similar Actions
Over the past few months, several companies have rewarded their shareholders with dividend hikes. Some of these are Arbor Realty Trust, Inc. ABR, Farmers National Banc Corp. FMNB and Fidelity National Information Services Inc. FIS.
Arbor Realty’s board of directors recently approved a 2.8% sequential hike in its quarterly cash dividend. The revised quarterly dividend now totals 37 cents per share. The amount will be paid out on Mar 18 to its shareholders of record as of Mar 4, 2022.
Prior to this hike, ABR had increased its dividend by 2.9% (from 35 cents to 36 cents per share) last October.
Farmers National announced a hike in its quarterly dividend. The bank announced a dividend of 16 cents per share, representing a 14.3% sequential hike and a 45% year-over-year hike. The dividend will be paid out on Mar 31 to its shareholders of record as of Mar 11, 2022.
The recent dividend hike marks the 7th consecutive quarter of an increase by Farmers National. Prior to this, FMNB hiked the dividend 27% to 14 cents per share.
Consistent with its updated capital-management strategy announced in November 2021, Fidelity hiked its quarterly common stock dividend by 21% from the prior-quarter’s payout to 47 cents per share in January this year. The new dividend will be paid out on Mar 29 to its shareholders of record as of Mar 25, 2022.
Since March 2012, Fidelity National has raised its dividend eight times. Its dividend was last hiked in February 2021 by 11% to 39 cents per share.
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Fidelity National Information Services, Inc. (FIS): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Northrim BanCorp Inc (NRIM): Free Stock Analysis Report
Farmers National Banc Corp. (FMNB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some of these are Arbor Realty Trust, Inc. ABR, Farmers National Banc Corp. FMNB and Fidelity National Information Services Inc. FIS. Prior to this hike, ABR had increased its dividend by 2.9% (from 35 cents to 36 cents per share) last October. Arbor Realty Trust (ABR): Free Stock Analysis Report | Some of these are Arbor Realty Trust, Inc. ABR, Farmers National Banc Corp. FMNB and Fidelity National Information Services Inc. FIS. Prior to this hike, ABR had increased its dividend by 2.9% (from 35 cents to 36 cents per share) last October. Arbor Realty Trust (ABR): Free Stock Analysis Report | Prior to this hike, ABR had increased its dividend by 2.9% (from 35 cents to 36 cents per share) last October. Some of these are Arbor Realty Trust, Inc. ABR, Farmers National Banc Corp. FMNB and Fidelity National Information Services Inc. FIS. Arbor Realty Trust (ABR): Free Stock Analysis Report | Prior to this hike, ABR had increased its dividend by 2.9% (from 35 cents to 36 cents per share) last October. Some of these are Arbor Realty Trust, Inc. ABR, Farmers National Banc Corp. FMNB and Fidelity National Information Services Inc. FIS. Arbor Realty Trust (ABR): Free Stock Analysis Report |
29983.0 | 2022-02-25 00:00:00 UTC | Validea John Neff Strategy Daily Upgrade Report - 2/25/2022 | ABR | https://www.nasdaq.com/articles/validea-john-neff-strategy-daily-upgrade-report-2-25-2022 | nan | nan | The following are today's upgrades for Validea's Low PE Investor model based on the published strategy of John Neff. This strategy looks for firms with persistent earnings growth that trade at a discount relative to their earnings growth and dividend yield.
TEGNA INC (TGNA) is a mid-cap value stock in the Broadcasting & Cable TV industry. The rating according to our strategy based on John Neff changed from 60% to 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Tegna Inc. is a media company. The Company provides stories, investigations and marketing services. It operates approximately 64 television stations in over 51 United States markets and owns four network affiliates in approximately 25 markets among independent station groups, reaching approximately 39 % of all television households nationwide. The Company also owns multicast networks, including True Crime Network and Quest. It also offers TEGNA Marketing Solutions (TMS) solutions to help businesses reach consumers across television, digital and over-the-top (OTT) platforms, including Premion, its OTT advertising service. The Company provides local and national partners custom campaigns through TMS. Its digital marketing services (DMS) business is a one-stop shop for local businesses to connect with consumers through digital marketing. Its Premion is an advertising platform that places advertisements alongside long-form (full-episode) and live streaming content across networks.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of TEGNA INC
Full Guru Analysis for TGNA
Full Factor Report for TGNA
ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. The rating according to our strategy based on John Neff changed from 58% to 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arbor Realty Trust, Inc. is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily, single-family rental and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages and preferred and direct equity. The Company operates in two segments: Structured Business and Agency Business. It also directly acquires real property and invests in real estate-related notes and certain mortgage-related securities. The Company is focused on investment types, which include Bridge Financing, Mezzanine Financing, Junior Participation Financing, Preferred Equity Investments, Single-Family Rental Portfolio Financing, Structured Transactions, government-sponsored enterprises (GSE) and Housing and Urban Development (HUD) Agency Lending and Private Label.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: FAIL
EPS PERSISTENCE: FAIL
Detailed Analysis of ARBOR REALTY TRUST INC
Full Guru Analysis for ABR
Full Factor Report for ABR
More details on Validea's John Neff strategy
About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. He was mild-mannered and low-key, and the same might be said of the Windsor Fund that he managed for more than three decades. In fact, Neff himself described the fund as "relatively prosaic, dull, [and] conservative." There was nothing dull about his results, however. From 1964 to 1995, Neff guided Windsor to a 13.7 percent average annual return, easily outpacing the S&P 500's 10.6 percent return during that time. That 3.1 percentage point difference is huge over time -- a $10,000 investment in Windsor (with dividends reinvested) at the start of Neff's tenure would have ended up as more than $564,000 by the time he retired, more than twice what the same investment in the S&P would have yielded (about $233,000). Considering the length of his tenure, that track record may be the best ever for a manager of such a large fund.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of TEGNA INC Full Guru Analysis for TGNA Full Factor Report for TGNA ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR More details on Validea's John Neff strategy About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. The following are today's upgrades for Validea's Low PE Investor model based on the published strategy of John Neff. | Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR More details on Validea's John Neff strategy About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. Detailed Analysis of TEGNA INC Full Guru Analysis for TGNA Full Factor Report for TGNA ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. It also offers TEGNA Marketing Solutions (TMS) solutions to help businesses reach consumers across television, digital and over-the-top (OTT) platforms, including Premion, its OTT advertising service. | Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR More details on Validea's John Neff strategy About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. Detailed Analysis of TEGNA INC Full Guru Analysis for TGNA Full Factor Report for TGNA ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. The Company invests in a portfolio of structured finance assets in the multifamily, single-family rental and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages and preferred and direct equity. | Detailed Analysis of TEGNA INC Full Guru Analysis for TGNA Full Factor Report for TGNA ARBOR REALTY TRUST INC (ABR) is a mid-cap value stock in the Construction Services industry. Detailed Analysis of ARBOR REALTY TRUST INC Full Guru Analysis for ABR Full Factor Report for ABR More details on Validea's John Neff strategy About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. The following are today's upgrades for Validea's Low PE Investor model based on the published strategy of John Neff. |
29984.0 | 2022-02-24 00:00:00 UTC | Flushing Financial (FFIC) Hikes Dividend by 4.8%: Worth a Look? | ABR | https://www.nasdaq.com/articles/flushing-financial-ffic-hikes-dividend-by-4.8%3A-worth-a-look | nan | nan | Flushing Financial Corporation FFIC has announced a hike in its quarterly dividend. The bank declared a dividend of 22 cents per share, representing a 4.8% sequential hike. The dividend will be paid out on Mar 25 to its shareholders of record as of Mar 11, 2022.
Prior to this, FFIC hiked the dividend 5% to 21 cents per share. We believe that such disbursements highlight FFIC’s operational strength and its commitment to enhance its shareholder wealth.
Considering the last day's closing price of $23.46 per share, Flushing Financial 's dividend yield currently stands at 3.8%. Not only is the yield attractive for income investors but it also represents a steady income stream.
Management noted, "The quarterly dividend increase to $0.22 per share reflects our record earnings in 2021 and momentum in 2022. The economic recovery, market disruption from recent mergers, and a strong loan pipeline should continue to drive growth in 2022. We remain committed to enhancing shareholder returns and executing on our strategic objectives.”
FFIC prioritizes profitably growing its balance sheet, returning dividends to its shareholders and opportunistically repurchasing shares. Flushing Financial repurchased 150,976 shares of common stock at an average price of $23.75 in the fourth quarter of 2021. Cash returned to its shareholders via dividends and share buybacks accounted for56% of the fourth-quarter earnings in 2021. This reflects Flushing Financial’s commitment to return value to its shareholders with its strong cash-generation capabilities.
Investors can look at the firm’s fundamentals and growth opportunities before making any investment decision.
Can Flushing Financial Maintain Its Payout?
Flushing Financial’s ability to sustain the hiked dividend depends on its earnings growth rate and the payout ratio. FFIC's current payout ratio of 29.8% is lower than its industry's average of 36.3%, indicating scope for its steady dividend increase. This means that FFIC is reinvesting more money to boost its business. By investing in business growth, FFIC will likely reap higher levels of capital gains for investors in the future.
FFIC also has an impressive surprise history. Its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters, while missing in one, the average beat being 20%.
Flushing Financial’s stock looks undervalued with respect to price-to-cash flow and price-to-earnings ratios. It has a price/earnings (F1) ratio of 9.73 and a price-to-cash flow ratio of 10.59 compared with the industry averages of 12.43 and 11.35, respectively.
FFIC’s return on equity of 13.57% compared with the industry average of 11.46% highlights its efforts in managing its shareholders’ capital better than its peers.
Shares of this currently Zacks Rank #4 (Sell) player have gained 0.7% in the past six months compared with the industry's growth of 8.1%.
Image Source: Zacks Investment Research
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Banks Undertaking Enhanced Capital-Deployment Actions
Over the past few months, several companies have rewarded their shareholders with dividend hikes. Some of these are Arbor Realty Trust, Inc. ABR, Farmers National Banc Corp. FMNB and Fidelity National Information Services Inc. FIS.
Arbor Realty’s board of directors recently approved a 2.8% sequential hike in its quarterly cash dividend. The revised quarterly dividend now totals 37 cents per share compared with the previous figure of 36 cents. The amount will be paid out on Mar 18 to its shareholders of record as of Mar 4, 2022.
Prior to this hike, ABR had increased its dividend 2.9% (from 35 cents to 36 cents per share) last October.
Farmers National announced a hike in its quarterly dividend. The bank announced a dividend of 16 cents per share, representing a 14.3% sequential hike and a 45% year-over-year hike. The dividend will be paid out on Mar 31 to its shareholders of record as of Mar 11, 2022.
The recent dividend hike marks the 7th consecutive quarter of an increase by Farmers National. Prior to this, FMNB hiked the dividend 27% to 14 cents per share.
Consistent with its updated capital-management strategy announced in November 2021, Fidelity hiked its quarterly common stock dividend 21% from the prior-quarter’s payout to 47 cents per share in January this year. The new dividend will be paid out on Mar 29 to its shareholders of record as of Mar 25, 2022.
Since March 2012, Fidelity National has raised its dividend eight times. Its dividend was last hiked in February 2021 by 11% to 39 cents per share.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Free: See Our Top Stock and 4 Runners Up >>
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Fidelity National Information Services, Inc. (FIS): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
Flushing Financial Corporation (FFIC): Free Stock Analysis Report
Farmers National Banc Corp. (FMNB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some of these are Arbor Realty Trust, Inc. ABR, Farmers National Banc Corp. FMNB and Fidelity National Information Services Inc. FIS. Prior to this hike, ABR had increased its dividend 2.9% (from 35 cents to 36 cents per share) last October. Arbor Realty Trust (ABR): Free Stock Analysis Report | Some of these are Arbor Realty Trust, Inc. ABR, Farmers National Banc Corp. FMNB and Fidelity National Information Services Inc. FIS. Arbor Realty Trust (ABR): Free Stock Analysis Report Prior to this hike, ABR had increased its dividend 2.9% (from 35 cents to 36 cents per share) last October. | Some of these are Arbor Realty Trust, Inc. ABR, Farmers National Banc Corp. FMNB and Fidelity National Information Services Inc. FIS. Prior to this hike, ABR had increased its dividend 2.9% (from 35 cents to 36 cents per share) last October. Arbor Realty Trust (ABR): Free Stock Analysis Report | Some of these are Arbor Realty Trust, Inc. ABR, Farmers National Banc Corp. FMNB and Fidelity National Information Services Inc. FIS. Prior to this hike, ABR had increased its dividend 2.9% (from 35 cents to 36 cents per share) last October. Arbor Realty Trust (ABR): Free Stock Analysis Report |
29985.0 | 2022-02-22 00:00:00 UTC | Arbor Realty (ABR) Hikes Dividend by 2.8%: Worth a Look? | ABR | https://www.nasdaq.com/articles/arbor-realty-abr-hikes-dividend-by-2.8%3A-worth-a-look | nan | nan | Arbor Realty Trust, Inc.’s ABR board of directors recently approved a 2.8% sequential hike in its quarterly cash dividend. The revised quarterly dividend now totals 37 cents per share compared with the previous figure of 36 cents. The amount will be paid out on Mar 18 to its shareholders of record as of Mar 4, 2022.
This marks the seventh consecutive quarterly dividend raise and the 10th consecutive annual dividend hike by this New York-headquartered real estate investment trust, reflecting its commitment to return value to its shareholders with solid cash-generation capabilities. Prior to this hike, ABR had increased its dividend 2.9% (from 35 cents to 36 cents per share) last October.
Considering the last day’s closing price of $17.33 per share, the dividend yield is currently 8.5%. The yield is not only attractive to income investors but also represents a steady income stream.
In the fourth quarter, the firm posted distributable earnings per share of 57 cents, surpassing the Zacks Consensus Estimate of 40 cents. NII of $76.4 million surged 66% year over year.
Arbor Realty also posted record originations of $16.1 billion, up 76% year over year. Distributable earnings of $2.01 per share in 2021 saw a 15% increase from the 2020 figure. However, total other revenues witnessed a year-over-year fall of 12% to $103.5 million due to lower mortgage servicing rights in the quarter.
Let’s check out whether it is worth considering the stock now based on this dividend income. A deeper research into the firm’s financial performance and fundamentals will help understand its risks and rewards.
Arbor Realty’s payout ratio is the lowest in the industry, underpinning the sustainability of its dividend payouts. It has a payout rate of 70.41 compared with 77.56 recorded by the industry it belongs to. This means that ABR is reinvesting more money to boost its business. By investing in business growth, ABR will likely muster higher levels of capital gains for investors in the future.
ABR’s ability to sustain the hiked dividend also depends on its earnings growth. Its past performance depicts a robust earnings picture. Arbor Realty recorded an earnings growth rate of 15% over the five years compared against the 5.5% fall witnessed by the industry it belongs to. If this momentum continues in the upcoming period, such dividend payments are here to stay.
As of Dec 31, 2021, Arbor Realty had cash worth $900 million and a servicing portfolio of $26.96 billion. ABR also has decent funding sources, reflecting its sustainable capital deployment to its shareholders, apart from having the capability of growing organically.
Arbor Realty’s return on equity of 18.4% compared with the industry average of 10.2% highlights its better efforts in managing its shareholders’ capital than its peers.
Arbor Realty’s shares have lost 3.3% over the past six months, narrower than the 11.1% fall registered by the industry.
Image Source: Zacks Investment Research
Currently, ABR carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Companies Undertaking Similar Actions
Over the past few months, several companies have rewarded their shareholders with dividend hikes. Some of these are Midland States Bancorp, Inc. MSBI, HomeStreet, Inc.’s HMST and Fidelity National Information Services Inc. FIS.
MSBI declared a quarterly cash dividend of 29 cents per share, up 3.6% from the prior payout. The dividend was paid out on Feb 18 to all its shareholders of record on Feb 11.
This increase represents the 22nd consecutive annual hike in Midland States’ quarterly cash dividend. Prior to this, MSBI had announced a 4.5% rise to 28 cents per share in November 2021.
HMST declared a quarterly dividend of 35 cent per share, representing a hike of 40% from its prior payout. The dividend will be paid out on Feb 23 to its shareholders of record as of Feb 9.
This marks the third dividend hike by HomeStreet. HMST had earlier raised its dividend 66.7% to 25 cents per share in February 2021.
Consistent with its updated capital-allocation strategy announced in November 2021, Fidelity hiked its quarterly common stock dividend 21% from the prior-quarter payout to 47 cents per share in January 2022. The new dividend will be paid out on Mar 29 to its shareholders of record as of Mar 25, this year.
Since March 2012, Fidelity National has raised its dividend eight times. Its dividend was last hiked in February 2021 by 11% to 39 cents per share.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
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Fidelity National Information Services, Inc. (FIS): Free Stock Analysis Report
Arbor Realty Trust (ABR): Free Stock Analysis Report
HomeStreet, Inc. (HMST): Free Stock Analysis Report
Midland States Bancorp, Inc. (MSBI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust, Inc.’s ABR board of directors recently approved a 2.8% sequential hike in its quarterly cash dividend. Prior to this hike, ABR had increased its dividend 2.9% (from 35 cents to 36 cents per share) last October. This means that ABR is reinvesting more money to boost its business. | Arbor Realty Trust, Inc.’s ABR board of directors recently approved a 2.8% sequential hike in its quarterly cash dividend. Prior to this hike, ABR had increased its dividend 2.9% (from 35 cents to 36 cents per share) last October. This means that ABR is reinvesting more money to boost its business. | Prior to this hike, ABR had increased its dividend 2.9% (from 35 cents to 36 cents per share) last October. Arbor Realty Trust, Inc.’s ABR board of directors recently approved a 2.8% sequential hike in its quarterly cash dividend. This means that ABR is reinvesting more money to boost its business. | Arbor Realty Trust, Inc.’s ABR board of directors recently approved a 2.8% sequential hike in its quarterly cash dividend. Prior to this hike, ABR had increased its dividend 2.9% (from 35 cents to 36 cents per share) last October. This means that ABR is reinvesting more money to boost its business. |
29986.0 | 2022-02-22 00:00:00 UTC | Company News for Feb 22, 2022 | ABR | https://www.nasdaq.com/articles/company-news-for-feb-22-2022 | nan | nan | Shares of Arbor Realty Trust, Inc. ABR gained 3.6% after the company reported fourth-quarter 2021 earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.40 per share.
PPL Corporation’s PPL shares declined 7.3% after the company reported fourth-quarter 2021 operating earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.30 per share.
Shares of Arconic Corporation ARNC declined 0.6% after the company reported fourth-quarter 2021 earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.45 per share.
Bloomin' Brands, Inc.’s BLMN shares jumped 7.6% after the company reported fourth-quarter 2021 earnings of $0.60 per share, surpassing the Zacks Consensus Estimate of $0.52 per share.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR): Free Stock Analysis Report Shares of Arbor Realty Trust, Inc. ABR gained 3.6% after the company reported fourth-quarter 2021 earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.40 per share. Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. | Shares of Arbor Realty Trust, Inc. ABR gained 3.6% after the company reported fourth-quarter 2021 earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.40 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report PPL Corporation’s PPL shares declined 7.3% after the company reported fourth-quarter 2021 operating earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.30 per share. | Shares of Arbor Realty Trust, Inc. ABR gained 3.6% after the company reported fourth-quarter 2021 earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.40 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report PPL Corporation’s PPL shares declined 7.3% after the company reported fourth-quarter 2021 operating earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.30 per share. | Shares of Arbor Realty Trust, Inc. ABR gained 3.6% after the company reported fourth-quarter 2021 earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.40 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. |
29987.0 | 2022-02-19 00:00:00 UTC | These Ultra-High-Yield Dividend Stocks Can Double Your Money in Under a Decade | ABR | https://www.nasdaq.com/articles/these-ultra-high-yield-dividend-stocks-can-double-your-money-in-under-a-decade-0 | nan | nan | Dividend stocks have historically been great wealth creators. They often produce higher returns with less volatility than companies that don't pay dividends. That's because the dividend income provides a steady return in good times and bad.
That dividend income can add up over time. For example, a stock with a dividend yield of at least 7.25% will throw off enough income over a decade to double an investor's money. While dividend yields that high are often riskier, several companies currently offering ultra-high dividend yields should be able to maintain them over the coming decade. Arbor Realty Trust (NYSE: ABR) and Enterprise Products Partners (NYSE: EPD) are two such companies.
Image source: Getty Images.
A big-time dividend backed by mortgages
Arbor Realty Trust is a real estate investment trust (REIT) focused on mortgages primarily backed by multifamily properties. Because it's a REIT, Arbor must distribute 90% of its taxable net income to investors each year. That's why it has a high dividend yield, which currently clocks in at 8.4%. If it can maintain that payout, the mortgage REIT could double an investor's money in about eight and a half years, assuming no change in its stock price or dividend rate.
Arbor has done much better than maintaining its dividend over the years. It has increased its payout in six straight quarters, boosting it by 20% over that timeframe. That added to its long history of dividend increases, which have helped the mortgage REIT deliver a more than 700% total return over the last decade.
The REIT should be able to continue paying a big-time dividend in the coming years. It owns a growing portfolio of commercial real estate loans secured by multifamily properties, single-family rental homes, and other property types. This real estate tends to be fairly stable, reducing the risk of loss. Meanwhile, it has a growing number of funding sources, giving it the flexibility to keep expanding its mortgage portfolio. With demand for housing on the rise, Arbor should be able to continue finding attractive loans to fund.
A well-oiled dividend machine
Enterprise Products Partners is a master limited partnership (MLP) focused on energy infrastructure. Like REITs, MLPs must distribute 90% of their income to maintain their tax advantages. That requirement is why Enterprise offers a big-time dividend yield currently over 7.5%. At that rate, Enterprise would double an investor's money in about nine and a half years. Again, that assumes no payout increase or price appreciation.
However, the MLP has a long history of growing its distribution. Enterprise Products Partners has increased its payout by 3.3% over the past year. That pushed its growth streak to 23 straight years.
Enterprise Products Partners should have plenty of fuel to continue growing its dividend in the future. The MLP recently spent $3.25 billion to acquire Navitas Midstream Partners, which will expand its presence in the fast-growing Permian Basin. In addition to that, it has $2.2 billion of major expansion projects currently under construction, most of which should enter service in 2023 and beyond. These primarily include infrastructure to move cleaner fuels like natural gas or manufacture petrochemicals. It has a strong balance sheet to finance these investments, putting its dividend on rock-solid ground.
While fossil fuel-related infrastructure remains its focus at the moment, Enterprise is working on lower-carbon investment opportunities. The company is looking at areas like hydrogen, carbon sequestration, circular plastics, and renewable fuels. These opportunities could provide the fuel to keep growing its dividend in the coming years.
Slowly grow your wealth with these dividend stocks
Arbor Realty Trust and Enterprise Products Partners only need to maintain their dividends to produce enough income to double an investor's money in under a decade. However, given their history, financial strength, and growth prospects, these companies should be able to continue increasing their payouts in the coming years. That makes them great ways to potentially grow your wealth on income production alone.
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Matthew DiLallo owns Enterprise Products Partners. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (NYSE: ABR) and Enterprise Products Partners (NYSE: EPD) are two such companies. If it can maintain that payout, the mortgage REIT could double an investor's money in about eight and a half years, assuming no change in its stock price or dividend rate. A well-oiled dividend machine Enterprise Products Partners is a master limited partnership (MLP) focused on energy infrastructure. | Arbor Realty Trust (NYSE: ABR) and Enterprise Products Partners (NYSE: EPD) are two such companies. A big-time dividend backed by mortgages Arbor Realty Trust is a real estate investment trust (REIT) focused on mortgages primarily backed by multifamily properties. Slowly grow your wealth with these dividend stocks Arbor Realty Trust and Enterprise Products Partners only need to maintain their dividends to produce enough income to double an investor's money in under a decade. | Arbor Realty Trust (NYSE: ABR) and Enterprise Products Partners (NYSE: EPD) are two such companies. If it can maintain that payout, the mortgage REIT could double an investor's money in about eight and a half years, assuming no change in its stock price or dividend rate. Enterprise Products Partners should have plenty of fuel to continue growing its dividend in the future. | Arbor Realty Trust (NYSE: ABR) and Enterprise Products Partners (NYSE: EPD) are two such companies. A big-time dividend backed by mortgages Arbor Realty Trust is a real estate investment trust (REIT) focused on mortgages primarily backed by multifamily properties. Arbor has done much better than maintaining its dividend over the years. |
29988.0 | 2022-02-18 00:00:00 UTC | Friday's ETF Movers: REM, ARKW | ABR | https://www.nasdaq.com/articles/fridays-etf-movers%3A-rem-arkw | nan | nan | In trading on Friday, the iShares Mortgage Real Estate ETF is outperforming other ETFs, up about 0.7% on the day. Components of that ETF showing particular strength include shares of Hannon Armstrong Sustainable Infrastructure, up about 11.6% and shares of Arbor Realty Trust, up about 4% on the day.
And underperforming other ETFs today is the ARK Next Generation Internet ETF, down about 5.1% in Friday afternoon trading. Among components of that ETF with the weakest showing on Friday were shares of Roku, lower by about 24%, and shares of Draftkings, lower by about 17.7% on the day.
VIDEO: Friday's ETF Movers: REM, ARKW
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF showing particular strength include shares of Hannon Armstrong Sustainable Infrastructure, up about 11.6% and shares of Arbor Realty Trust, up about 4% on the day. Among components of that ETF with the weakest showing on Friday were shares of Roku, lower by about 24%, and shares of Draftkings, lower by about 17.7% on the day. VIDEO: Friday's ETF Movers: REM, ARKW The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF showing particular strength include shares of Hannon Armstrong Sustainable Infrastructure, up about 11.6% and shares of Arbor Realty Trust, up about 4% on the day. Among components of that ETF with the weakest showing on Friday were shares of Roku, lower by about 24%, and shares of Draftkings, lower by about 17.7% on the day. VIDEO: Friday's ETF Movers: REM, ARKW The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Friday, the iShares Mortgage Real Estate ETF is outperforming other ETFs, up about 0.7% on the day. Components of that ETF showing particular strength include shares of Hannon Armstrong Sustainable Infrastructure, up about 11.6% and shares of Arbor Realty Trust, up about 4% on the day. Among components of that ETF with the weakest showing on Friday were shares of Roku, lower by about 24%, and shares of Draftkings, lower by about 17.7% on the day. | In trading on Friday, the iShares Mortgage Real Estate ETF is outperforming other ETFs, up about 0.7% on the day. Components of that ETF showing particular strength include shares of Hannon Armstrong Sustainable Infrastructure, up about 11.6% and shares of Arbor Realty Trust, up about 4% on the day. And underperforming other ETFs today is the ARK Next Generation Internet ETF, down about 5.1% in Friday afternoon trading. |
29989.0 | 2022-02-18 00:00:00 UTC | Arbor Realty Trust (ABR) Q4 2021 Earnings Call Transcript | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-q4-2021-earnings-call-transcript | nan | nan | Image source: The Motley Fool.
Arbor Realty Trust (NYSE: ABR)
Q4 2021 Earnings Call
Feb 18, 2022, 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning, ladies and gentlemen, and welcome to the fourth quarter 2021 Arbor Realty Trustearnings conference call [Operator instructions] I would now like to turn the call over to your speaker today, Paul Elenio, chief financial officer. Please go ahead.
Paul Elenio -- Chief Financial Officer
OK. Thank you, Ashley, and Good morning, everyone, and welcome to the quarterlyearnings callfor Arbor Realty Trust. This morning, we'll discuss the results for the fourth quarter and year ended December 31, 2021. With me on the call today is Ivan Kaufman, our president and chief executive officer.
Before we begin, I need to inform you that statements made in thisearnings callmay be deemed forward-looking statements that are subject to risks and uncertainties, including information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. These statements are based on our beliefs, assumptions, and expectations of our future performance, taking into account the information currently available to us. Factors that could cause actual results to differ materially from Arbor's expectations in these forward-looking statements are detailed in our SEC reports. Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today.
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Arbor undertakes no obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after today or the occurrences of unanticipated events. I'll now turn the call over to Arbor's president and CEO, Ivan Kaufman.
Ivan Kaufman -- President and Chief Executive Officer
Thank you, Paul. And thanks to everyone for joining us on today's call. We're very excited today to discuss the significant success we had in closing out what was an exceptional 2021, as well as our plans and outlook for 2022, which we are confident will be another outstanding year. As you can see from this morning's press release, we had another record quarter and 2021's results reflect one of our best years as a public company.
It is very important to continue to emphasize the value of having multiple products with diverse income streams, which has allowed us to consistently grow our earnings and dividends in all cycles while maintaining a very low dividend payout ratio. We strategically built an annuity based business model, creating multiple income streams from a single investment as a result not only do we generate strong risk adjusted returns on our capital, which positively affect our current earnings. More importantly, we are also building a much higher quality future earnings and dividend growth story by ensuring that our assets could provide us with multiple other products in the future. And this is one of the major differentiators of our business platform, which is why we strongly believe we consistently trade at a substantial premium and much lower dividend yield than anyone in our peer group.
In fact, with the recent pullback in the market, we are now trading at a dividend yield of approximately 8.8%, which is actually higher than the yield of our peer group for the first time in several years. This is despite the significant advantages of our business model and a long track record of consistent dividend increases compared to our peers, most of which have been unable to grow their dividends. We feel strongly that our current stock price in no way reflects the true value of our franchise, presenting investors with an unparalleled buying opportunity. As described in this morning's press release, our record fourth quarter results, combined with a very positive outlook on the long-term growth of our platform, has allowed us to once again increase our dividend to $0.37 a share.
This is our seventh consecutive quarterly dividend increase and a 10th consecutive year with consistent dividend growth, putting us in a very elite class of companies, all while continuing to maintain the lowest dividend payout ratio in the industry. We've built a premium operating platform that is focused on the right asset classes in a very stable liability structures. We have a thriving balance sheet, GSE agency, private label, single family rental, as well as industry leader securitization platform that allowed us to produce a long track record of exceptional performance with consistent earnings and dividend growth. As a result, we've been the top performing rate in our space for five consecutive years now, and all the major performance metrics, including earnings and dividend growth, ROE, and total shareholder return.
And again, we are very well-positioned to succeed in every market cycle, which gives us great confidence in our ability to continue to have tremendous success going forward. Before we discuss the details of our quarterly results, I want to highlight some of our more notable 2021 accomplishments, which include generating substantial growth in our earnings, allowing us to increase our dividend 4 times or 12%, to an annual run rate of $1. 48 a share, delivering total shareholder return of 39% in 2021 and 221% cumulatively for the last five years. With an annualized return of 26% achieving industry, leading ROEs of 90% for each of the last two years, producing record originations of $16 billion, a 76% increase over last year.
Originating $10 billion of new balance sheet business, increasing our portfolio 122% in 2021 to $12.2 billion producing private label originations of $1.4 billion, a 276% increase over the last year. Growing our service portfolio to $27 billion, a 10% increase from 2020 and a 34% increase over the last three years. Closing for non-recourse CLO securitizations totaling $5.2 billion and to private label securitizations for $1 billion for industry leading securitization platform and raising $1.7 billion of accretive capital to fund our balance sheet growth, and increase our market cap to over $3 billion. Turning now to our fourth quarter performance, as Paul will discuss in more detail.
Our quarterly financial results for once again remarkable. We produced distributable earnings of $0.62 per share, which is well in excess of our current dividend, representing a payout ratio of around 60% for the fourth quarter, and 70% for the full year 2021. And our balance sheet lending business, we have another outstanding quarter producing record volumes of $4.3 billion, we are top balance sheet lender in the industry, and is seeing tremendous growth in efficiencies as we continue to scale our platform. As a result, we grow our balance sheet book 122% in 2021 to $12.2 billion on record originations of $9.7 billion, and we have a very large pipeline, which gives us great confidence in our ability to continue to meaningfully grow our loan book in 2022.
And again, these balance sheet loans create significant value for our platform are they're not only accretive [Inaudible] earnings and dividends, but also allow us to build a pipeline for two to three years of new GSE agency and private label loans that produce additional long dated income streams, ensuring the long-term growth of our platform and creating high quality earnings and dividends for the future. We have consistently been a leader in the CLO securitization market as finance for a high quality balance sheet portfolio with the appropriate liability structures continues to be one of our key business strategies. We are very successful in continuing to access the CLO securitization market in 2021, including closing our largest CLO today totaling $2.1 billion in the fourth quarter, as well as closing another $2 billion CLO just last week. The utilization of these vehicles contributed greatly to our success by allowing us to appropriately match fund our assets with non-recourse, non mark to market long dated debt, and generate attractive levered returns on our capital.
We continue to experience strong growth in our GSE agency and private label business programs as well. We originate approximately $1.6 billion in agency loans in the fourth quarter, and $1.9 billion, including our private label business. Equally important, we have a robust pipeline giving us confidence in our ability to continue to produce consistent agency volume in 2022. Our GSE agency platform continues to offer a premium value as it requires limited capital, and generate significant long-dated predictable income streams and produces significant annual cash flow.
Additionally, our $27 billion GSE agency service and portfolio, which has grown 10% in the last year, is mostly prepayment protected and generates approximately $121 million a year and growing in reoccurring cash flow, which is up 8% from $112 million annually last year. This is in addition to the strong gain on sale margins we continue to generate from our origination platform, which combined with new and increasing servicing revenues, will continue to contribute greatly to our earnings and dividends. And earlier this week, we were pleased to have close our fourth private label securitization totaling $490 million, which continues to demonstrate the strength and diversity of our versatile lending platform and tremendous securitization expertise. We also had a great year in a single family rental platform.
We produced approximately $900 million of volume in 2021, including approximately $400 million in the fourth quarter. Additionally, we currently have over $1 billion of additional deals in our pipeline, making us optimistic about the growth opportunities in this segment of our business going forward. We are a leader in the build-to-rent space, which provides us with the opportunity to originate construction, bridge, and permanent loans on the same transactions. And again, similar to our balance sheet business, this platform provides us yet with a path to future transactions that will produce additional long data of income streams.
And reflecting on 2021, we had an exceptional year and clearly outperformed our peer group. We are the best performing rate five years in a row, delivering a 26% annualized return over the same time period. We're also well-positioned for continued success in 2022 our unique, multi-tiered annuity based operating platform that provides us with a future annuity of high quality, long dated income streams, making us confident in our ability to continue to grow our earnings and dividends and significantly outperform our peers. I will now turn the call over to Paul, to take you through the financial results.
Paul Elenio -- Chief Financial Officer
OK. Thank you, Ivan. As Ivan mentioned, we had another exceptional quarter producing distributable earnings of $94 million, or $0.57 per share and $0.62 per share, excluding a one-time realized loss of $8 million in a non multi-family asset that we were taking a reserve on during the height of the pandemic. We also had a record year with distributable earnings of $2.01 per share in 2021, a 15% increase over our 2020 results.
And these results translated into industry high ROEs again, of approximately 19% in 2021, allowing us to increase our dividend to an annual run rate of a $1.48 a share, reflecting 4 increases in 2021 and 7 consecutive quarterly increases, representing a 23% increase over that time span. Our financial results continue to benefit greatly from many aspects of our diverse annuity based business model, including significant growth in our agency, private label, and balance sheet business platforms that produce substantial gain on sale margins, long-dated servicing income, and strong levered returns on our capital. Additionally, as we've mentioned in the past, the credit quality of our portfolio has been outstanding. We have very few specific reserves left and a handful of non-multifamily assets that we took in the beginning of the pandemic, and we also made significant progress over the last few quarters and our non-performing loans as trends continue to improve.
We received another $32 million in payoffs and pay downs in the fourth quarter related to 3 loans. Leaving us would effectively only one remaining non-performing loan for $20 million. We have always prided ourselves on investing heavily in our asset management function, and the success we're having in working out these assets further demonstrates the value of our unique franchise. Looking at the results from our GSE agency business, we originated $1.6 billion and GSE loans, and recorded $1.5 billion in GSE loan sales in the fourth quarter.
We also continue to produce consistently strong margins in our GSE loan sales, generating a margin of 1.52% in the fourth quarter, compared to 1.60% in the third quarter. Additionally, as Ivan mentioned, we remain very active in our private label program, originating $282 million of new loans in the fourth quarter, as well as completing our third private label securitization totaling $535 million in October, and our fourth securitization totaled $490 million earlier this week. And in the fourth quarter, we also recorded $35 million of mortgage servicing rights income related to $1.8 billion of committed loans, representing an average MSR rate of around 1.88%, compared to 1.75% last quarter, mainly due to a greater mix of Fannie Mae loans in the fourth quarter that contain higher servicing fees. Our servicing portfolio also grew 9.5% in 2021 to $27 billion, with a weighted average servicing fee of 45 basis points and an estimated remaining life of 9 years.
This portfolio will continue to generate a predictable annuity of income going forward of around $121 million gross annually, which is up approximately $9 million or 8% on an annual basis from the same time last year. Additionally, prepayment fees related to certain loans that have your maintenance protection increased again substantially in the fourth quarter to $20 million, compared to $11 million in the third quarter, mainly due to significantly more run off this quarter as a result of the continued increase in real estate values. And our balance sheet lending operation, we grew our portfolio another 33% this quarter to $12.2 billion on record quarterly volume of $4.3 billion or $12.2 billion investment portfolio had an all-in-yield of 4.62% percent at December 31st, compared to 4.97% at September 30th, mainly due to higher rates on runoff as compared to new originations during the quarter. The average balance in our foreign investments increased substantially to $10.5 billion this quarter from $8.2 billion last quarter, mainly due to the significant growth we experienced in both the third and fourth quarters.
The average yield in these investments was 5.03% for the fourth quarter, compared to 5.55% for the third quarter, mainly due to higher interest rates on runoff as compared to originations in the third and fourth quarters, combined with $3 million in back interest collected in the third quarter from the payoff of a non-performing loans. Total debt on our core assets was approximately $11.2 billion at December 31st, with an all-in-debt cost of approximately 2.61%, which was down slightly from a debt cost of around 2.64% at September 30th, mainly due to a reduction in the cost of funds from our new CLO vehicles, and reduced rates and warehouse, and repurchase agreements during the fourth quarter. The average balance in our debt facilities was up to approximately $9.4 billion for the fourth quarter, from $7.3 billion for the third quarter, mostly due to financing the growth in our portfolio and issuing $180 million of new unsecured notes during the fourth quarter. And the average cost of funds in our debt facilities also decreased to 2.65% for the fourth quarter, from 2.76% for the third quarter.
Again, mainly due to reduced pricing in our CLO vehicles and warehouse facilities. Our overall net interest spreads in our core assets decreased to 2.38% this quarter, compared to 2.79% last quarter. And our overall spot net interest spreads were also down to 2.01% at December 31st from 2.33% at September 30th due to yield compression on new originations as compared to run off. That completes our prepared remarks this morning, and I'll now turn it back to the operator.
Take any questions you may have. Ashley.
Questions & Answers:
Operator
Thank you. [Operator instructions] We'll take our first question from Steve Delaney with JMP Securities. Please go ahead.
Steve Delaney -- JMP Securities -- Analyst
Thanks. Hello, Ivan and Paul. Congratulations on an excellent close to last year. I think the thing that jumped off the page the most to me, it was a lot of good things in the report and in the year.
But the dramatic growth and your structured business in terms of origination volume, you did $9.7 billion by 6.8% or 70% of that came in the second half of the year. So my question is, this the strong demand that you're seeing for multi-family bridge loans in the market, do you expect that to carry over into 2022? And is it possible that 2022 could set a new record for origination volume and a structured business? Thank you.
Ivan Kaufman -- President and Chief Executive Officer
Yeah. Thanks, Steve. Clearly, there was a little bit of a shift in the environment, and I'll give you some of the reasons for it, and why we're so well-positioned, so dominant in that space. And if we had more personnel and more ability, we could probably have done more, we limited what we could do, and we're still limiting what we could do.
I think with the huge jump in rates of rental rates and as between 10% to 25% increase in rents from people buying properties and not going for permanent financing, so they're going for more transitional financing before they get to the permanent financing. So it's a very, very big shift through the COVID period, rents were fairly flat, and then right after the initial periods of COVID, rents really accelerated. So people are buying multifamily properties, taking a year to two years to turn those rents and then getting the benefit of an increase then [Inaudible] and go for permanent. So that's been the shift in the market.
We are the best balance sheet lender in the business when it comes to multifamily. We do a great job and that business has grown just dramatically. We've probably turned away a just huge amount of business. In terms of the outlook for 2022, we are running at about $1 billion a month on our books for closing for the first quarter.
We're still turning down a significant amount of business. We have restrictions. Human capital is a very, very big restriction today. As we all know, hiring people, retaining people is a big task.
We're doing a good job with retention, but hiring new people is very difficult. So right now, the outlook on the balance sheet is still very strong, and we still are a market leader in that place in the market.
Steve Delaney -- JMP Securities -- Analyst
That's very helpful. And thanks for the color on the mindset of these borrowers that it's not buy it, take three or four years renovated completely. They're seeing a near-term opportunity and I can understand how that is boosting your demand for bridge. Thank you for that.
And then one follow on question. Your SFR business is still relatively small, but strategic for sure. So $57 million and originations in the fourth quarter, and as you're servicing about 190. What I was trying to reconcile because the numbers weren't weren't really adding up.
You're showing that you have $729 million in total commitments. And I'm just trying to understand rationalize like where do we see this? Or have we seen the origination volume that would have contributed to the $700 million of total commitments?
Ivan Kaufman -- President and Chief Executive Officer
So the various segments of that business, one is, providing fixed rate production, which is a part of what we're doing. And I think we're running that side of the business, ramping it up to about $20 million a month, which is our goal where we originate fixed rate product, and we sell them as fixed rate loans. We don't hold them securitization, but we do sell them into the market and we do very well with those. --
Steve Delaney -- JMP Securities -- Analyst
OK. --
Ivan Kaufman -- President and Chief Executive Officer
The second element of our business providing floating rate product for people buying scattered site single-family rentals, either from builders or scattered sites developing in that part of our balance sheet is growing. Paul could tell you how much is on that balance sheet and how much is in the pipeline. And the third piece of the business, which we love, which we are the market leader in, I believe we are, is in the built around communities where people are building, built around communities. We provide them a construction loan.
It's stabilizes, we provide them a bridge loan and then we do a take-out loan. That's where we put a lot of work, but a lot of energy spent a lot of money, and that's where there's going to be an exponential amount of return on that capital in 2022, 2023, and 2024. Paul, you want to give some color on the numbers?
Paul Elenio -- Chief Financial Officer
Yeah. I think, Ivan's laid out the different components of the business, Steve. It's a little complicated from a financial modeling perspective I get. What we're trying to do for you guys is give you a sense of the breadth of the platform when we disclose the committed volumes that we've committed to during the year.
So you know the transactions we've committed to the size. But as Ivan said, this different components and some of those build-to-rent and scattered site commitments aren't funded right upfront, right? They're funded over time. So the commitments could be large and the fundings could be small over a period of time. So the first thing we did was try to disclose to you in the press release what we've committed to, to give you a sense of where that business is going.
When you look at the numbers that hit the balance sheet, you're right. $57 million was what we funded in permanent fixed rate loans that hit the agency side, and we're selling those in the market of pretty, pretty high margin without retaining any risk. And then we've got the build-to-rent fundings, and then we've got the bridge loans funding. So when I look at the quarter, we probably funded $115 million of prior commitments on build-to-rent while commitments.
We funded, maybe even more than that, probably $150 million. And then we had about $60 million of, as you said, permanent loans. But to-date, year-to-date through December 2021, we originated about $170 million, a permanent product, $136 million of that was fixed rate that was selling through the market, and booking a profit on not retaining any risk. The other $35 million is sitting on our balance sheet.
Total on our balance sheet right now is about $450 million, and that consists of the balance sheet part of the small amount of fixed rate loans we have on our balance sheet. And then all the fundings we've done on between bridge loans and fundings we've done on commitments for scattered site and build-to-rent around products. So we're just trying to give you it's a little complicated, but we're trying to give you a sense of where the business is going with committed volume. But the funded volumes trail, as I've said, and those are the numbers that are in the balance sheet.
Steve Delaney -- JMP Securities -- Analyst
Got it. -- And that's very helpful color -- Go ahead. I'm sorry.
Ivan Kaufman -- President and Chief Executive Officer
I do want to reiterate just as I did before, that we are resource constrained. We could be doing significantly more, but we just don't have the bodies to process the business and we're at our capacity, which is the first time that's ever happened in my career, where you can't hire people to manage new business and you're turning away business.
Steve Delaney -- JMP Securities -- Analyst
Crazy. -- Well, high quality problem, I think --
Paul Elenio -- Chief Financial Officer
Yeah. Last thing, I just want to add to Ivan's commentary before about our average run rate, just to give you some numbers. We did originate, I think just about $850 million in January had $150 million around us. As Ivan said, we're running in that $800 to a billion per month and we've got some constraints. But obviously, that businesses we have a large pipeline that is still so very active.
Steve Delaney -- JMP Securities -- Analyst
Thank you both for the comments. Helpful.
Operator
We'll take our next question from Rick Shane with JPMorgan. Please go ahead, your line is open.
Rick Shane -- J.P. Morgan -- Analyst
Hey, guys, thanks for taking my questions this morning. Can you hear me?
Paul Elenio -- Chief Financial Officer
Yes, Rick, how are you?
Rick Shane -- J.P. Morgan -- Analyst
I'm doing well. Thanks. A couple of things. So I think implicit in the comments about labor markets and growth opportunity, that's a signal to all of us to think about expense structure going forward.
What type of expense growth do you think we should anticipate in 2022? Just so we can sort of level set there, given the language around employees?
Ivan Kaufman -- President and Chief Executive Officer
Before Paul gets into into the detail. We deal with retention and things of that nature consistently over the course of different cycles. And we have a lot of flexibility in the way we do compensate people. And even having to payoff for people, we do it on a long-term basis with a lot of retention aspects to it.
So we have the benefit of people been with us for 5,10,15, 20 years who are loyal to the company. We do have to recognize that they do have to be adjusted to where the market currently is, we were able to do that with long-term incentives rather than annual payouts. And, get the benefit of having a long-term retention. But with that, I'll turn it over to you, Paul.
Paul Elenio -- Chief Financial Officer
So it's a very good question, Rick, and when I look at our numbers for '21 versus '20, '20 was a COVID year, so less travel, less conferences, things of that nature. So it's a hard comparison. But when I look at '21 versus '20, we're up about, I'd say, 20% year-over-year in comp in G&A, that's without commissions, which is a variable based on our margins. And I say when I look at the model, I think of it similarly, 15% to 20% growth in that number is probably reasonable given the cap to the human capital constraints we have and the way we have to retain people.
It's hard to totally protect the number. But I would say consistent with last year's growth is probably similar the way I look at the future model.
Rick Shane -- J.P. Morgan -- Analyst
Great. And I know no one's got a crystal ball, and I appreciate your both of your willingness to embrace the question and think forward on it, so thank you. The second thing is that, when we think about the structured business, I think of that as potential energy ultimately for the agency business. And when we look at the terms of those loans, that's clearly the business model.
I am curious when you underwrite loans and think about business plans, are you starting to contemplate higher interest rates or exits as you're taking on those loans within the structured product business with the idea that it may be more expensive for managers, owners to get financing?
Ivan Kaufman -- President and Chief Executive Officer
We're constantly readjusting our models based on different economics, and we always on the right our bridge loans to where the take out is going to be and we use a certain constant. So that's something that's different about the way we do our business. Back in November, we actually took a look at where the market is. We took a look at where rents have increased to readjust our forecast on rent growth a little bit while we have exorbitant rent growth.
We readjusted our rent growth because people are starting to think that 10% and 20% rent growth is going to last forever. We think that level of rent growth is going to subside this year as they turn their units in the market adjusts, and then we readjust that our rent growth back to a 3% normalized rate. That's a very big adjustment in terms of increasing the constant that we're using. We're constantly adjusting to where the market is at something that we do traditionally.
We've also reallocated our pricing to be more aggressive on lower loan to value in primary markets starting in November, so we've adjusted our portfolio of lending programs as well on a credit basis. So we're sensitized to all of those different factors in our underwriting.
Rick Shane -- J.P. Morgan -- Analyst
And again, I appreciate the specificity of the answer. Thank you, guys so much.
Paul Elenio -- Chief Financial Officer
Thanks, Rick.
Operator
We'll take our next question from Stephen Laws with Raymond James, please go ahead, your line is open.
Stephen Laws -- Raymond James -- Analyst
Good morning. Ivan and Paul, your thoughts around the repayment outlook, obviously, some significant benefits in recent results from the early repayments. How do you see that playing out over the '22 and come the levels, we should expect contribution from that?
Paul Elenio -- Chief Financial Officer
Sure. So I think we've had this conversation a few times, Steve, and it used to blow me away how much prepayment income we've been able to receive. I think on the outlook, I think when I look at the numbers, we do have January's numbers, I think we've got $3 million already in the door in January. And while I do expect it to slow over time, it may be slightly elevated in the first and second quarter.
But certainly, as you know, when rates rise, the yield maintenance protection changes. So we are modeling ourselves to a much more normalized number. We did $38 million of prepayment penalties in '21 comparatively in '20, we had $13 million. We're modeling somewhere in between that, given where we think rates could go and what that will do to the yield maintenance provisions.
However, having said that, intuitively, if rates rise, then we should see less run off. And although you won't get the one-time fees like you did last year, you'll retain the servicing strip, which is more long-dated and you have that annuity. So I guess that's the way we look at, where prepayments could go based on where we think rates to go and what that does to the yield maintenance portion of your portfolio.
Stephen Laws -- Raymond James -- Analyst
Great. Thanks for the detail there, Paul. And, gain on sale outlook as we think about that range as we think about moving to the year. I know you mentioned in your prepared remarks, benefited this quarter from a higher mix of Fannie.
Can you give us some commentary around that as we think about our model for the next couple next year?
Paul Elenio -- Chief Financial Officer
Yes. So I think what I've said many times on calls as we try to guide to anywhere between 101 and 10150. Clearly in 2021, we had some tailwinds and we were able to get a significant margin above that. I think we came in at 101 90.
Some of that had to do with high margin business. We did more FHA business, which was up substantially, which was great. I do think we still have a strong pipeline of FHA business, and I think we'll be able to even beat our number last year, which will help that margin because that's 104 business. The APL business, I think, Ivan can comment.
But I think the way we look at that and the [Inaudible] agency business, as we look at modeling between a 101, 101.5, if you go back and look at 2020, we came in at 10140. This year we came in at 10190, but uncomfortable even with rates rising, that will be between that 101 and 101.5 keys, and that's how we put our models together going forward.
Stephen Laws -- Raymond James -- Analyst
Great. That's helpful. Thanks, Paul.
Operator
Our next question from Jade Rahmani with KBW. Please go ahead.
Mike Smith -- KBW -- Analyst
Hey, guys. This is actually Mike Smith on for Jade. Just a couple of round breaks, are you seeing any changes in sentiment, behavior, or underwriting on the part of investors?
Ivan Kaufman -- President and Chief Executive Officer
I don't think we've seen so much of a change. Clearly, loan proceeds going to be cut, with rates going up. There's been a very significant rise in the 10-year from a range of 150 now, a range of 190 to two and a quarter in my book and it's definitely affecting, loan proceeds for people. And it's pretty consistent underwriting guidelines haven't changed that much.
I think just the amount of proceeds people are taking out or the amount of equity that has to go online is going to be changing on a go forward basis. I think you'll see a little bit of a shift maybe to five and seven year products that people get a little more proceeds. So there may be a shift a little bit from a 10-year product down to a 5 and 7. You'll have to see a little bit more equitization in transactions today in order to qualify for long-term fixed rate financing.
Mike Smith -- KBW -- Analyst
That's helpful color. And then just as far, give an idea of what level of rate increases would you start to impact the market, both in terms of investment trends and credit performance?
Ivan Kaufman -- President and Chief Executive Officer
So, right now there's been no adjustment in cap rates or multifamily properties, despite the fact that rates are up 50 basis points. My feeling is cap rates should mathematically adjust, but the multifamily asset class is still so attractive, and there is some rent growth left in there. I do believe that there has to be a catch up along the way and that will come. if this continues, and if the tenure year continues to widen out.
But we haven't seen an adjustment yet, but I believe it's a little bit of a lag, but we'll see what happens. People are still looking at the multifamily asset classes that attractive, and they're willing to get a lower return on their money at the current time. So either it's lagging or there's an adjustment in investor sentiment returns.
Mike Smith -- KBW -- Analyst
Great, thanks a lot for taking the questions and congrats on a strong quarter.
Paul Elenio -- Chief Financial Officer
Thanks. Ashley, I believe we've Lee Cooperman is in the queue. I'm trying to get his questions and asked, but I don't. Can you pull him through?
Operator
And, Lee, if you are connected, [Operator instructions] And unfortunately, at this time, I do not have anyone in queue at the moment.
Ivan Kaufman -- President and Chief Executive Officer
All right. Well, thank you, everybody, for your participation. And throughout the year, it was a phenomenal year. Our outlook is for the first quarter is very strong and our pipeline is very significant, and we look forward to our continued participation.
Have a great day, everybody and a good weekend. Take care.
Paul Elenio -- Chief Financial Officer
Thanks, everyone.
Operator
[Operator signoff]
Duration: 38 minutes
Call participants:
Paul Elenio -- Chief Financial Officer
Ivan Kaufman -- President and Chief Executive Officer
Steve Delaney -- JMP Securities -- Analyst
Rick Shane -- J.P. Morgan -- Analyst
Stephen Laws -- Raymond James -- Analyst
Mike Smith -- KBW -- Analyst
More ABR analysis
All earnings call transcripts
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (NYSE: ABR) Q4 2021 Earnings Call Feb 18, 2022, 10:00 a.m. Operator [Operator signoff] Duration: 38 minutes Call participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- President and Chief Executive Officer Steve Delaney -- JMP Securities -- Analyst Rick Shane -- J.P. Morgan -- Analyst Stephen Laws -- Raymond James -- Analyst Mike Smith -- KBW -- Analyst More ABR analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. We strategically built an annuity based business model, creating multiple income streams from a single investment as a result not only do we generate strong risk adjusted returns on our capital, which positively affect our current earnings. | Operator [Operator signoff] Duration: 38 minutes Call participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- President and Chief Executive Officer Steve Delaney -- JMP Securities -- Analyst Rick Shane -- J.P. Morgan -- Analyst Stephen Laws -- Raymond James -- Analyst Mike Smith -- KBW -- Analyst More ABR analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Arbor Realty Trust (NYSE: ABR) Q4 2021 Earnings Call Feb 18, 2022, 10:00 a.m. We have a thriving balance sheet, GSE agency, private label, single family rental, as well as industry leader securitization platform that allowed us to produce a long track record of exceptional performance with consistent earnings and dividend growth. | Operator [Operator signoff] Duration: 38 minutes Call participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- President and Chief Executive Officer Steve Delaney -- JMP Securities -- Analyst Rick Shane -- J.P. Morgan -- Analyst Stephen Laws -- Raymond James -- Analyst Mike Smith -- KBW -- Analyst More ABR analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Arbor Realty Trust (NYSE: ABR) Q4 2021 Earnings Call Feb 18, 2022, 10:00 a.m. And in the fourth quarter, we also recorded $35 million of mortgage servicing rights income related to $1.8 billion of committed loans, representing an average MSR rate of around 1.88%, compared to 1.75% last quarter, mainly due to a greater mix of Fannie Mae loans in the fourth quarter that contain higher servicing fees. | Operator [Operator signoff] Duration: 38 minutes Call participants: Paul Elenio -- Chief Financial Officer Ivan Kaufman -- President and Chief Executive Officer Steve Delaney -- JMP Securities -- Analyst Rick Shane -- J.P. Morgan -- Analyst Stephen Laws -- Raymond James -- Analyst Mike Smith -- KBW -- Analyst More ABR analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Arbor Realty Trust (NYSE: ABR) Q4 2021 Earnings Call Feb 18, 2022, 10:00 a.m. Our financial results continue to benefit greatly from many aspects of our diverse annuity based business model, including significant growth in our agency, private label, and balance sheet business platforms that produce substantial gain on sale margins, long-dated servicing income, and strong levered returns on our capital. |
29990.0 | 2022-02-18 00:00:00 UTC | Arbor Realty Trust (ABR) Beats Q4 Earnings and Revenue Estimates | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-beats-q4-earnings-and-revenue-estimates | nan | nan | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 42.50%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.37 per share when it actually produced earnings of $0.47, delivering a surprise of 27.03%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $144.32 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.53%. This compares to year-ago revenues of $86.16 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Arbor Realty Trust shares have lost about 8.7% since the beginning of the year versus the S&P 500's decline of -8.1%.
What's Next for Arbor Realty Trust?
While Arbor Realty Trust has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Arbor Realty Trust: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.41 on $147 million in revenues for the coming quarter and $1.72 on $625.9 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Starwood Property Trust (STWD), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 25.
This commercial real estate investment trust is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of +6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Starwood Property Trust's revenues are expected to be $318.9 million, up 9.8% from the year-ago quarter.
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.40 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.40 per share. Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $144.32 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.53%. | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.40 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report A quarter ago, it was expected that this real estate investment trust would post earnings of $0.37 per share when it actually produced earnings of $0.47, delivering a surprise of 27.03%. | Arbor Realty Trust (ABR) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.40 per share. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $144.32 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.53%. |
29991.0 | 2022-02-17 00:00:00 UTC | Pre-Market Earnings Report for February 18, 2022 : DE, PPL, DKNG, BCPC, ARNC, ABR, B, BLMN, ASIX | ABR | https://www.nasdaq.com/articles/pre-market-earnings-report-for-february-18-2022-%3A-de-ppl-dkng-bcpc-arnc-abr-b-blmn-asix | nan | nan | The following companies are expected to report earnings prior to market open on 02/18/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Deere & Company (DE)is reporting for the quarter ending January 31, 2022. The farm machinery company's consensus earnings per share forecast from the 10 analysts that follow the stock is $2.28. This value represents a 41.09% decrease compared to the same quarter last year. In the past year DE has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 7.85%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DE is 17.62 vs. an industry ratio of -10.10, implying that they will have a higher earnings growth than their competitors in the same industry.
PPL Corporation (PPL)is reporting for the quarter ending December 31, 2021. The electric power utilities company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.30. This value represents a 49.15% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for PPL is 24.98 vs. an industry ratio of 17.00, implying that they will have a higher earnings growth than their competitors in the same industry.
DraftKings Inc. (DKNG)is reporting for the quarter ending December 31, 2021. The gaming company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.82. This value represents a 18.84% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DKNG is -6.39 vs. an industry ratio of 3.30.
Balchem Corporation (BCPC)is reporting for the quarter ending December 31, 2021. The chemical company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.75. This value represents a 9.64% decrease compared to the same quarter last year. In the past year BCPC and beat the expectations the other quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for BCPC is 47.76 vs. an industry ratio of 19.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Arconic Corporation (ARNC)is reporting for the quarter ending December 31, 2021. The metal production company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.45. This value represents a 36.36% increase compared to the same quarter last year. The last two quarters ARNC had negative earnings surprises; the latest report they missed by -66.67%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ARNC is 34.08 vs. an industry ratio of 15.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Arbor Realty Trust (ABR)is reporting for the quarter ending December 31, 2021. The reit company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.39. This value represents a 18.75% decrease compared to the same quarter last year. ABR missed the consensus earnings per share in the 4th calendar quarter of 2020 by -100%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ABR is 9.63 vs. an industry ratio of 4.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Barnes Group, Inc. (B)is reporting for the quarter ending December 31, 2021. The machinery company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.46. This value represents a 27.78% increase compared to the same quarter last year. In the past year B has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 10%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for B is 26.14 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Bloomin' Brands, Inc. (BLMN)is reporting for the quarter ending December 31, 2021. The restaurant company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.51. This value represents a 2450.00% increase compared to the same quarter last year. In the past year BLMN has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for BLMN is 8.96 vs. an industry ratio of -45.70, implying that they will have a higher earnings growth than their competitors in the same industry.
AdvanSix Inc. (ASIX)is reporting for the quarter ending December 31, 2021. The chemical company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.81. This value represents a 13.83% decrease compared to the same quarter last year. In the past year ASIX has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 17.97%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ASIX is 8.57 vs. an industry ratio of 19.20.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR)is reporting for the quarter ending December 31, 2021. ABR missed the consensus earnings per share in the 4th calendar quarter of 2020 by -100%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ABR is 9.63 vs. an industry ratio of 4.50, implying that they will have a higher earnings growth than their competitors in the same industry. | Arbor Realty Trust (ABR)is reporting for the quarter ending December 31, 2021. ABR missed the consensus earnings per share in the 4th calendar quarter of 2020 by -100%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ABR is 9.63 vs. an industry ratio of 4.50, implying that they will have a higher earnings growth than their competitors in the same industry. | Arbor Realty Trust (ABR)is reporting for the quarter ending December 31, 2021. ABR missed the consensus earnings per share in the 4th calendar quarter of 2020 by -100%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ABR is 9.63 vs. an industry ratio of 4.50, implying that they will have a higher earnings growth than their competitors in the same industry. | ABR missed the consensus earnings per share in the 4th calendar quarter of 2020 by -100%. Arbor Realty Trust (ABR)is reporting for the quarter ending December 31, 2021. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ABR is 9.63 vs. an industry ratio of 4.50, implying that they will have a higher earnings growth than their competitors in the same industry. |
29992.0 | 2022-02-16 00:00:00 UTC | What's in the Cards for Arbor Realty (ABR) in Q4 Earnings? | ABR | https://www.nasdaq.com/articles/whats-in-the-cards-for-arbor-realty-abr-in-q4-earnings | nan | nan | Arbor Realty Trust ABR is scheduled to report fourth-quarter and 2021 results on Feb 18, before market open. The company is expected to have witnessed year-over-year growth in the net interest income (NII), whereas its earnings are anticipated to have declined.
In the last reported quarter, the New York-headquartered real estate investment trust (REIT), which primarily focuses on originating and servicing loans for multi-family, single-family and other commercial real estate assets, posted distributable earnings per share of 47 cents, surpassing the Zacks consensus estimate of 37 cents. NII of $69.9 million surged 60% year over year.
Over the trailing three quarters, Arbor Realtysurpassed the Zacks Consensus Estimate on all occasions. The graph below depicts this surprise history:
Arbor Realty Trust Price and EPS Surprise
Arbor Realty Trust price-eps-surprise | Arbor Realty Trust Quote
Factors at Play
In the fourth quarter, there was an uptick in interest rate volatility due to monetary policy uncertainty, and the Fed’s decision to increase short-term rates and shift from quantitative easing to tightening. Against the backdrop, Agency mortgage-backed securities lost ground and underperformed as spreads to benchmark rates widened and valuations slipped relative to interest rate hedges.
Mortgage originations, both purchase and refinancing, continued to normalize in the fourth quarter. The origination boom in 2020, propelled by the ultra-low rates, is also making comparison difficult for the quarter. Further, mortgage rates rose in the quarter under review. This resulted in a drastic fall in mortgage origination activities, with steadily rising rates reducing refinancing levels.
Arbor Realty’s diversified investment focus on commercial real estate debt investments, mortgage servicing, and commercial mortgage-backed securities is likely to have enabled it to generate stable income in the fourth quarter despite the changing economic environment.
Multifamily mortgage loan securitization and originations in the fourth quarter are expected to have expanded the company’s fee-based servicing portfolio, thereby driving servicing revenues.
The Zacks Consensus Estimate for fourth-quarter 2021 net gain on sales, including fee-based services, is pegged at $20.3 million, indicating a sequential rise of 24%.
However, the consensus estimate for net servicing revenues is pegged at $15.2 million, suggesting a sequential fall of 24%.
A relatively favorable prepayment scenario in the quarter is likely to have alleviated pressure from NII in the quarter. The Zacks Consensus Estimate for the company’s quarterly net interest income is pegged at $139.4 million, suggesting an improvement of 62% on a year-over-year basis.
Lastly, there has been a lack of any solid catalyst that could instill optimism prior to the fourth-quarter earnings release. The Zacks Consensus Estimate for quarterly earnings has been unchanged at 40 cents over the past month. It suggests a year-over-year decline of 18.4%.
Here is what our quantitative model predicts:
Arbor Realty does not have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or higher — for increasing the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Arbor Realty is 0.00%.
Zacks Rank: American Tower currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks Worth a Look
Here are three stocks from the REIT sector — Pebblebrook Hotel Trust PEB, Life Storage, Inc. LSI and National Storage Affiliates Trust NSA — that you may want to consider as our model shows that these have the right combination of elements to report a surprise this quarter.
Pebblebrook Hotel Trust, slated to release fourth-quarter earnings on Feb 22, has an Earnings ESP of +15.74% and a Zacks Rank of 3 at present.
Life Storage, scheduled to report quarterly numbers on Feb 24, has an Earnings ESP of +0.66% and a Zacks Rank of 3.
National Storage Affiliates Trust, slated to report quarterly numbers on Feb 22, has an Earnings ESP of +1.06% and a Zacks Rank of 2 (Buy).
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust ABR is scheduled to report fourth-quarter and 2021 results on Feb 18, before market open. Arbor Realty Trust (ABR): Free Stock Analysis Report The Zacks Consensus Estimate for fourth-quarter 2021 net gain on sales, including fee-based services, is pegged at $20.3 million, indicating a sequential rise of 24%. | Arbor Realty Trust ABR is scheduled to report fourth-quarter and 2021 results on Feb 18, before market open. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty’s diversified investment focus on commercial real estate debt investments, mortgage servicing, and commercial mortgage-backed securities is likely to have enabled it to generate stable income in the fourth quarter despite the changing economic environment. | Arbor Realty Trust ABR is scheduled to report fourth-quarter and 2021 results on Feb 18, before market open. Arbor Realty Trust (ABR): Free Stock Analysis Report In the last reported quarter, the New York-headquartered real estate investment trust (REIT), which primarily focuses on originating and servicing loans for multi-family, single-family and other commercial real estate assets, posted distributable earnings per share of 47 cents, surpassing the Zacks consensus estimate of 37 cents. | Arbor Realty Trust ABR is scheduled to report fourth-quarter and 2021 results on Feb 18, before market open. Arbor Realty Trust (ABR): Free Stock Analysis Report Pebblebrook Hotel Trust, slated to release fourth-quarter earnings on Feb 22, has an Earnings ESP of +15.74% and a Zacks Rank of 3 at present. |
29993.0 | 2022-02-16 00:00:00 UTC | Land This Bargain 8.5% Yielder Even Cheaper Than Director Green Did | ABR | https://www.nasdaq.com/articles/land-this-bargain-8.5-yielder-even-cheaper-than-director-green-did | nan | nan | There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 26, Arbor Realty Trust Inc's Director, William C. Green, invested $44,420.50 into 2,450 shares of ABR, for a cost per share of $18.13. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 6.6% cheaper than Green, with shares changing hands as low as $16.93 per share. Arbor Realty Trust Inc shares are currently trading down about 0.4% on the day. The chart below shows the one year performance of ABR shares, versus its 200 day moving average:
Looking at the chart above, ABR's low point in its 52 week range is $14.82 per share, with $20.74 as the 52 week high point — that compares with a last trade of $16.96. By comparison, below is a table showing the prices at which ABR insider buying was recorded over the last six months:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
11/26/2021 William C. Green Director 2,450 $18.13 $44,420.50
The current annualized dividend paid by Arbor Realty Trust Inc is $1.44/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/12/2021. Below is a long-term dividend history chart for ABR, which can be of good help in judging whether the most recent dividend with approx. 8.5% annualized yield is likely to continue.
Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The chart below shows the one year performance of ABR shares, versus its 200 day moving average: Looking at the chart above, ABR's low point in its 52 week range is $14.82 per share, with $20.74 as the 52 week high point — that compares with a last trade of $16.96. By comparison, below is a table showing the prices at which ABR insider buying was recorded over the last six months: Back on November 26, Arbor Realty Trust Inc's Director, William C. Green, invested $44,420.50 into 2,450 shares of ABR, for a cost per share of $18.13. | Back on November 26, Arbor Realty Trust Inc's Director, William C. Green, invested $44,420.50 into 2,450 shares of ABR, for a cost per share of $18.13. In trading on Wednesday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 6.6% cheaper than Green, with shares changing hands as low as $16.93 per share. The chart below shows the one year performance of ABR shares, versus its 200 day moving average: Looking at the chart above, ABR's low point in its 52 week range is $14.82 per share, with $20.74 as the 52 week high point — that compares with a last trade of $16.96. | Back on November 26, Arbor Realty Trust Inc's Director, William C. Green, invested $44,420.50 into 2,450 shares of ABR, for a cost per share of $18.13. In trading on Wednesday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 6.6% cheaper than Green, with shares changing hands as low as $16.93 per share. The chart below shows the one year performance of ABR shares, versus its 200 day moving average: Looking at the chart above, ABR's low point in its 52 week range is $14.82 per share, with $20.74 as the 52 week high point — that compares with a last trade of $16.96. | The chart below shows the one year performance of ABR shares, versus its 200 day moving average: Looking at the chart above, ABR's low point in its 52 week range is $14.82 per share, with $20.74 as the 52 week high point — that compares with a last trade of $16.96. Back on November 26, Arbor Realty Trust Inc's Director, William C. Green, invested $44,420.50 into 2,450 shares of ABR, for a cost per share of $18.13. In trading on Wednesday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 6.6% cheaper than Green, with shares changing hands as low as $16.93 per share. |
29994.0 | 2022-02-15 00:00:00 UTC | Safety, Income and Growth (SAFE) Matches Q4 Earnings Estimates | ABR | https://www.nasdaq.com/articles/safety-income-and-growth-safe-matches-q4-earnings-estimates | nan | nan | Safety, Income and Growth (SAFE) came out with quarterly earnings of $0.38 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this real estate investment trust would post earnings of $0.34 per share when it actually produced earnings of $0.38, delivering a surprise of 11.76%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Safety, Income and Growth, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $52.01 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.39%. This compares to year-ago revenues of $39.91 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Safety, Income and Growth shares have lost about 21.7% since the beginning of the year versus the S&P 500's decline of -7.7%.
What's Next for Safety, Income and Growth?
While Safety, Income and Growth has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Safety, Income and Growth: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.41 on $54.78 million in revenues for the coming quarter and $1.75 on $244.46 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Arbor Realty Trust (ABR), is yet to report results for the quarter ended December 2021. The results are expected to be released on February 18.
This real estate investment trust is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -18.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Arbor Realty Trust's revenues are expected to be $139.4 million, up 61.8% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One other stock from the same industry, Arbor Realty Trust (ABR), is yet to report results for the quarter ended December 2021. Arbor Realty Trust (ABR): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Arbor Realty Trust (ABR): Free Stock Analysis Report One other stock from the same industry, Arbor Realty Trust (ABR), is yet to report results for the quarter ended December 2021. Safety, Income and Growth, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $52.01 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.39%. | One other stock from the same industry, Arbor Realty Trust (ABR), is yet to report results for the quarter ended December 2021. Arbor Realty Trust (ABR): Free Stock Analysis Report Safety, Income and Growth (SAFE) came out with quarterly earnings of $0.38 per share, in line with the Zacks Consensus Estimate. | One other stock from the same industry, Arbor Realty Trust (ABR), is yet to report results for the quarter ended December 2021. Arbor Realty Trust (ABR): Free Stock Analysis Report Safety, Income and Growth (SAFE) came out with quarterly earnings of $0.38 per share, in line with the Zacks Consensus Estimate. |
29995.0 | 2022-02-15 00:00:00 UTC | Will Higher Interest Rates Mean Lower Dividends for These 3 Mortgage REITs? | ABR | https://www.nasdaq.com/articles/will-higher-interest-rates-mean-lower-dividends-for-these-3-mortgage-reits | nan | nan | Mortgage REITs (real estate investment trusts) are usually a favorite of yield-hungry investors (and for good reason -- they often have yields eclipsing 10%), but lately they've fallen out of favor. The REITs borrow money to buy and hold mortgages and mortgage-backed securities (MBS).
In good times, they earn the spread (called the net interest margin) on the difference between the rates on the mortgages they hold and cost of the debt they use to finance the mortgages. But when rates go up, they can start to lose money fast and that can compromise their ability to pay out the mandatory 90% of their taxable earnings as dividends.
Image source: Getty Images.
Mortgage REITs are vulnerable to rising interest rates for three key reasons:
Rising rates decrease the net interest margin.
When rates go up, the value of MBS goes down.
Rising rates increase the possibility that mortgage payers with variable-rate mortgages won't be able to make payments.
Let's take a look at three of the biggest players in the mortgage REIT market, Annaly Capital Management (NYSE: NLY), Blackstone Mortgage Trust (NYSE: BXMT), and Arbor Realty Trust (NYSE: ABR), and evaluate the level of exposure each has to rising interest rates.
1. Annaly Capital Management
Annaly is the largest mortgage REIT, with an $89 billion portfolio, financed with $76 billion of debt. Its net interest margin in 2021 was just over 2%, and its current dividend yield is 11.9%.
That level of yield, plus a price-to-earnings multiple of just 4.7 and price-to-book of 0.94, shows just how little the market thinks of Annaly's future prospects. If the stock price stays at this level, investors would make more on its dividend than the average stock market return over the past 50 years.
Annaly has planned ahead for rate hikes and management mentioned in the most recent investor presentation that it expects three 0.25% hikes in 2022. The company is prepared because it has cut operating costs, focused on agency MBS (mortgage securities that are backed by the U.S. government), and proactively hedged 95% of its existing portfolio with derivatives that will go up when interest rates do.
Annaly followers know that its stock has suffered during interest rate hikes in the past. It fell 22% from mid-2017 to 2019 as interest rates rose. That level of performance is priced into the stock already. If the management team has adapted well enough with its existing hedge portfolio and can move quickly to keep its interest margin high enough as rates rise, the stock may rise even faster.
2. Blackstone Mortgage Trust
Blackstone Mortgage Trust is sponsored by Blackstone Group, an $880 billion alternative asset manager. The mortgage trust has a $24 billion loan portfolio and isn't quite as undervalued as Annaly, as it currently sports a P/E of 11.3, P/B of 1.15, and dividend yield of almost 8%.
Blackstone Mortgage trades at a premium because of its growth and portfolio mix. Its portfolio increased by $5.9 billion in 2021, representing about 20% growth. Its portfolio of mortgages (purchased from parent Blackstone Group) is mostly in the office and hospitality markets, with a little multifamily sprinkled in.
Those types of loans are considered corporate loans, not residential. Because of that, they have higher interest rates, and a larger portion have adjustable interest rates -- meaning if the Federal Reserve raises rates, Blackstone Mortgage will be paid more on its existing portfolio.
Focusing on corporate debt also allows Blackstone Mortgage to use less leverage. Just by way of comparison, Annaly financed over 85% of its portfolio, while Blackstone financed less than 65%. So rather than rate risk, credit risk is the issue here.
Corporate debt isn't guaranteed by the government like it is with agency MBSes. If one of Blackstone Mortgage's 189 mortgages defaults, it just has to write it off. Floating-rate debt is nice for the REIT's top line, but its borrowers have their own budget constraints. Rising rates could spell defaults or prepayment for borrowers who can't afford higher payments.
3. Arbor Realty Trust
Arbor Realty also looks cheap right now. Its P/E of 7.2 is below its five-year average of 9.83 and less than half of what it was in 2020. Its yield of 8.4% also reflects a nervous market.
Right now, 89% of Arbor's portfolio is in multifamily real estate loans, while 95% of its loans are classified as bridge loans. Bridge loans are short-term real estate loans made to investors who plan to fix up a property, either through better management or structural improvements, and then refinance after a couple years to a long-term note.
Arbor's weighted average loan term right now is just 22 months. That means if interest rates jump, Arbor just replaces the runoff of old loans with new, higher-rate loans. Unlike many mortgage REITs, Arbor could benefit from an increase in rates.
Additionally, Arbor has invested in $26 billion of mortgage-servicing rights. In this business, the REIT purchases the right to service mortgages (meaning it collects payments from customers and administers escrow accounts) from the financial institutions that originated the loan. Arbor generates about $120 million of annual income from servicing the loans (which usually have prepayment protection), with no interest rate exposure.
Each of the three mortgage REITs we've talked about have some level of exposure to interest rate risk. Annaly's net interest margin could fall, Blackstone Mortgage could see more defaults, and Arbor Realty might have a lag for a couple years before it can replace existing low-rate debt with loans bearing higher rates. The key for investors is figuring out whether enough (or too much) of that risk is priced into the stock. Right now it looks like each of the three may have too much risk priced in.
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Mike Price owns Annaly Capital Management and Blackstone Mortgage Trust and has the following options: short March 2022 $8 calls on Annaly Capital Management. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Let's take a look at three of the biggest players in the mortgage REIT market, Annaly Capital Management (NYSE: NLY), Blackstone Mortgage Trust (NYSE: BXMT), and Arbor Realty Trust (NYSE: ABR), and evaluate the level of exposure each has to rising interest rates. The company is prepared because it has cut operating costs, focused on agency MBS (mortgage securities that are backed by the U.S. government), and proactively hedged 95% of its existing portfolio with derivatives that will go up when interest rates do. In this business, the REIT purchases the right to service mortgages (meaning it collects payments from customers and administers escrow accounts) from the financial institutions that originated the loan. | Let's take a look at three of the biggest players in the mortgage REIT market, Annaly Capital Management (NYSE: NLY), Blackstone Mortgage Trust (NYSE: BXMT), and Arbor Realty Trust (NYSE: ABR), and evaluate the level of exposure each has to rising interest rates. Mortgage REITs are vulnerable to rising interest rates for three key reasons: Rising rates decrease the net interest margin. Annaly Capital Management Annaly is the largest mortgage REIT, with an $89 billion portfolio, financed with $76 billion of debt. | Let's take a look at three of the biggest players in the mortgage REIT market, Annaly Capital Management (NYSE: NLY), Blackstone Mortgage Trust (NYSE: BXMT), and Arbor Realty Trust (NYSE: ABR), and evaluate the level of exposure each has to rising interest rates. Because of that, they have higher interest rates, and a larger portion have adjustable interest rates -- meaning if the Federal Reserve raises rates, Blackstone Mortgage will be paid more on its existing portfolio. See the 10 stocks *Stock Advisor returns as of January 20, 2022 Mike Price owns Annaly Capital Management and Blackstone Mortgage Trust and has the following options: short March 2022 $8 calls on Annaly Capital Management. | Let's take a look at three of the biggest players in the mortgage REIT market, Annaly Capital Management (NYSE: NLY), Blackstone Mortgage Trust (NYSE: BXMT), and Arbor Realty Trust (NYSE: ABR), and evaluate the level of exposure each has to rising interest rates. Annaly Capital Management Annaly is the largest mortgage REIT, with an $89 billion portfolio, financed with $76 billion of debt. If the stock price stays at this level, investors would make more on its dividend than the average stock market return over the past 50 years. |
29996.0 | 2022-02-11 00:00:00 UTC | Analysts Estimate Arbor Realty Trust (ABR) to Report a Decline in Earnings: What to Look Out for | ABR | https://www.nasdaq.com/articles/analysts-estimate-arbor-realty-trust-abr-to-report-a-decline-in-earnings%3A-what-to-look-out | nan | nan | The market expects Arbor Realty Trust (ABR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 18. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This real estate investment trust is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -18.4%.
Revenues are expected to be $139.4 million, up 61.8% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Arbor Realty Trust?
For Arbor Realty Trust, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Arbor Realty Trust will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Arbor Realty Trust would post earnings of $0.37 per share when it actually produced earnings of $0.47, delivering a surprise of +27.03%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Arbor Realty Trust doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The market expects Arbor Realty Trust (ABR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2021. Arbor Realty Trust (ABR): Free Stock Analysis Report This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. | The market expects Arbor Realty Trust (ABR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2021. Arbor Realty Trust (ABR): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | The market expects Arbor Realty Trust (ABR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2021. Arbor Realty Trust (ABR): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | The market expects Arbor Realty Trust (ABR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2021. Arbor Realty Trust (ABR): Free Stock Analysis Report The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 18. |
29997.0 | 2022-02-09 00:00:00 UTC | Arbor Realty Trust (ABR) Outpaces Stock Market Gains: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-outpaces-stock-market-gains%3A-what-you-should-know-0 | nan | nan | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.47, marking a +1.51% move from the previous day. This change outpaced the S&P 500's 1.45% gain on the day. Elsewhere, the Dow gained 0.86%, while the tech-heavy Nasdaq added 0.44%.
Prior to today's trading, shares of the real estate investment trust had lost 8.26% over the past month. This has lagged the Finance sector's loss of 1.03% and the S&P 500's loss of 3.26% in that time.
Wall Street will be looking for positivity from Arbor Realty Trust as it approaches its next earnings report date. On that day, Arbor Realty Trust is projected to report earnings of $0.40 per share, which would represent a year-over-year decline of 18.37%. Our most recent consensus estimate is calling for quarterly revenue of $139.4 million, up 61.79% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Arbor Realty Trust. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Arbor Realty Trust is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Arbor Realty Trust is holding a Forward P/E ratio of 10.01. This valuation marks a premium compared to its industry's average Forward P/E of 8.63.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 146, which puts it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.47, marking a +1.51% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report On that day, Arbor Realty Trust is projected to report earnings of $0.40 per share, which would represent a year-over-year decline of 18.37%. | Arbor Realty Trust (ABR): Free Stock Analysis Report In the latest trading session, Arbor Realty Trust (ABR) closed at $17.47, marking a +1.51% move from the previous day. Investors should also note any recent changes to analyst estimates for Arbor Realty Trust. | Arbor Realty Trust (ABR): Free Stock Analysis Report In the latest trading session, Arbor Realty Trust (ABR) closed at $17.47, marking a +1.51% move from the previous day. This industry currently has a Zacks Industry Rank of 146, which puts it in the bottom 43% of all 250+ industries. | In the latest trading session, Arbor Realty Trust (ABR) closed at $17.47, marking a +1.51% move from the previous day. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust is currently a Zacks Rank #3 (Hold). |
29998.0 | 2022-02-03 00:00:00 UTC | Arbor Realty Trust (ABR) Stock Moves -1.61%: What You Should Know | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-abr-stock-moves-1.61%3A-what-you-should-know | nan | nan | Arbor Realty Trust (ABR) closed the most recent trading day at $17.06, moving -1.61% from the previous trading session. This change was narrower than the S&P 500's 2.44% loss on the day. Elsewhere, the Dow lost 1.45%, while the tech-heavy Nasdaq lost 0.41%.
Coming into today, shares of the real estate investment trust had lost 6.02% in the past month. In that same time, the Finance sector gained 1.28%, while the S&P 500 lost 3.72%.
Arbor Realty Trust will be looking to display strength as it nears its next earnings release. On that day, Arbor Realty Trust is projected to report earnings of $0.40 per share, which would represent a year-over-year decline of 18.37%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $139.4 million, up 61.79% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Arbor Realty Trust. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Arbor Realty Trust is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Arbor Realty Trust is holding a Forward P/E ratio of 10.08. For comparison, its industry has an average Forward P/E of 8.67, which means Arbor Realty Trust is trading at a premium to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) closed the most recent trading day at $17.06, moving -1.61% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report On that day, Arbor Realty Trust is projected to report earnings of $0.40 per share, which would represent a year-over-year decline of 18.37%. | Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust (ABR) closed the most recent trading day at $17.06, moving -1.61% from the previous trading session. On that day, Arbor Realty Trust is projected to report earnings of $0.40 per share, which would represent a year-over-year decline of 18.37%. | Arbor Realty Trust (ABR) closed the most recent trading day at $17.06, moving -1.61% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report Arbor Realty Trust is currently sporting a Zacks Rank of #3 (Hold). | Arbor Realty Trust (ABR) closed the most recent trading day at $17.06, moving -1.61% from the previous trading session. Arbor Realty Trust (ABR): Free Stock Analysis Report Coming into today, shares of the real estate investment trust had lost 6.02% in the past month. |
29999.0 | 2022-02-01 00:00:00 UTC | Arbor Realty Trust Named Top Dividend Stock With Insider Buying and 8.22% Yield (ABR) | ABR | https://www.nasdaq.com/articles/arbor-realty-trust-named-top-dividend-stock-with-insider-buying-and-8.22-yield-abr | nan | nan | In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Arbor Realty Trust Inc (Symbol: ABR), which saw buying by Director William C. Green.
Back on November 26, Green invested $44,420.50 into 2,450 shares of ABR, for a cost per share of $18.13. In trading on Tuesday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 5.1% cheaper than Green, with shares changing hands as low as $17.21 per share. Arbor Realty Trust Inc shares are currently trading -0.80% on the day. The chart below shows the one year performance of ABR shares, versus its 200 day moving average:
Looking at the chart above, ABR's low point in its 52 week range is $14.53 per share, with $20.74 as the 52 week high point — that compares with a last trade of $17.37. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
11/26/2021 William C. Green Director 2,450 $18.13 $44,420.50
The DividendRank report noted that among the coverage universe, ABR shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent ABR share price of $17.51 represents a price-to-book ratio of 1.2 and an annual dividend yield of 8.22% — by comparison, the average company in Dividend Channel's coverage universe yields 3.9% and trades at a price-to-book ratio of 2.4. The report also cited the strong quarterly dividend history at Arbor Realty Trust Inc, and favorable long-term multi-year growth rates in key fundamental data points.
The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''
The annualized dividend paid by Arbor Realty Trust Inc is $1.44/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/12/2021. Below is a long-term dividend history chart for ABR, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
The Top DividendRank'ed Stocks With Insider Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One such company is Arbor Realty Trust Inc (Symbol: ABR), which saw buying by Director William C. Green. Back on November 26, Green invested $44,420.50 into 2,450 shares of ABR, for a cost per share of $18.13. In trading on Tuesday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 5.1% cheaper than Green, with shares changing hands as low as $17.21 per share. | One such company is Arbor Realty Trust Inc (Symbol: ABR), which saw buying by Director William C. Green. 11/26/2021 William C. Green Director 2,450 $18.13 $44,420.50 The DividendRank report noted that among the coverage universe, ABR shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent ABR share price of $17.51 represents a price-to-book ratio of 1.2 and an annual dividend yield of 8.22% — by comparison, the average company in Dividend Channel's coverage universe yields 3.9% and trades at a price-to-book ratio of 2.4. | In trading on Tuesday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 5.1% cheaper than Green, with shares changing hands as low as $17.21 per share. The chart below shows the one year performance of ABR shares, versus its 200 day moving average: Looking at the chart above, ABR's low point in its 52 week range is $14.53 per share, with $20.74 as the 52 week high point — that compares with a last trade of $17.37. For example, the recent ABR share price of $17.51 represents a price-to-book ratio of 1.2 and an annual dividend yield of 8.22% — by comparison, the average company in Dividend Channel's coverage universe yields 3.9% and trades at a price-to-book ratio of 2.4. | One such company is Arbor Realty Trust Inc (Symbol: ABR), which saw buying by Director William C. Green. Back on November 26, Green invested $44,420.50 into 2,450 shares of ABR, for a cost per share of $18.13. In trading on Tuesday, bargain hunters could buy shares of Arbor Realty Trust Inc (Symbol: ABR) and achieve a cost basis 5.1% cheaper than Green, with shares changing hands as low as $17.21 per share. |
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