|Bid||15.66 x 1200|
|Ask||15.70 x 1800|
|Day's Range||15.55 - 16.28|
|52 Week Range||15.55 - 20.74|
|Beta (5Y Monthly)||1.70|
|PE Ratio (TTM)||7.42|
|Earnings Date||Jul 28, 2022 - Aug 01, 2022|
|Forward Dividend & Yield||1.52 (9.42%)|
|Ex-Dividend Date||May 19, 2022|
|1y Target Est||20.40|
The S&P 500 tumbled 8.8%, according to data provided by S&P Global Market Intelligence, taking most stocks down with it. Mortgage-focused real estate investment trust (REIT) Arbor Realty Trust (NYSE: ABR) kept its head above water, gaining 0.2% last month. For the most part, April was a quiet month for Arbor Realty Trust.
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 this earnings call may 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. Factors that could cause actual results to differ materially from Arbor's expectations in these forward-looking statements are detailed in our SEC reports.
Arbor Realty Trust (ABR) delivered earnings and revenue surprises of 25% and 0.91%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?