Arbor Realty Trust (ABR) closed at $11.93 in the latest trading session, marking a -0.5% move from the prior day. This move lagged the S&P 500's daily gain of 0.47%. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.74%.
Heading into today, shares of the real estate investment trust had gained 10.2% over the past month, outpacing the Finance sector's gain of 7.83% and the S&P 500's gain of 7.71% in that time.
Wall Street will be looking for positivity from ABR as it approaches its next earnings report date. On that day, ABR is projected to report earnings of $0.27 per share, which would represent year-over-year growth of 8%. Our most recent consensus estimate is calling for quarterly revenue of $69.20 million, up 50.27% from the year-ago period.
Any recent changes to analyst estimates for ABR 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.
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 has moved 0.84% higher. ABR is currently a Zacks Rank #2 (Buy).
Digging into valuation, ABR currently has a Forward P/E ratio of 10.16. For comparison, its industry has an average Forward P/E of 14.83, which means ABR is trading at a discount to the group.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 154, putting it in the bottom 40% 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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