Arbor Realty Trust, Inc. (NYSE:ABR) Announces $0.43 Quarterly Dividend

Arbor Realty Trust, Inc. (NYSE:ABR) declared a quarterly dividend on Friday, August 2nd, Zacks reports. Shareholders of record on Friday, August 16th will be given a dividend of 0.43 per share by the real estate investment trust on Friday, August 30th. This represents a $1.72 annualized dividend and a dividend yield of 12.65%. The ex-dividend date is Friday, August 16th.

Arbor Realty Trust has raised its dividend by an average of 11.0% per year over the last three years and has increased its dividend every year for the last 12 years. Arbor Realty Trust has a dividend payout ratio of 105.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Arbor Realty Trust to earn $1.70 per share next year, which means the company may not be able to cover its $1.72 annual dividend with an expected future payout ratio of 101.2%.

Arbor Realty Trust Trading Up 0.7 %

Shares of ABR stock opened at $13.60 on Thursday. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 8.45 and a beta of 2.03. The stock’s 50-day moving average price is $13.82 and its 200-day moving average price is $13.35. The company has a current ratio of 36.63, a quick ratio of 36.63 and a debt-to-equity ratio of 3.14. Arbor Realty Trust has a 12-month low of $11.77 and a 12-month high of $16.35.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. Arbor Realty Trust had a net margin of 26.05% and a return on equity of 17.04%. The company had revenue of $297.19 million for the quarter, compared to analysts’ expectations of $300.69 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. Equities research analysts predict that Arbor Realty Trust will post 1.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ABR shares. JPMorgan Chase & Co. decreased their target price on shares of Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating on the stock in a research report on Tuesday, July 16th. Piper Sandler boosted their price objective on Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research note on Monday, August 5th. JMP Securities lowered their price objective on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating for the company in a research note on Thursday, June 20th. Keefe, Bruyette & Woods boosted their target price on Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, July 10th. Finally, Wedbush restated a “neutral” rating and issued a $13.00 price target on shares of Arbor Realty Trust in a research report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.00.

About Arbor Realty Trust

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates through Structured Business and Agency Business segments. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities.