ARBOR RLTY TR I/SH (NYSE:ABR) announced a quarterly dividend on Friday, August 2nd, Zacks reports. Investors of record on Thursday, August 15th will be given a dividend of 0.28 per share by the real estate investment trust on Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date is Wednesday, August 14th.
ARBOR RLTY TR I/SH has raised its dividend payment by an average of 19.1% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. ARBOR RLTY TR I/SH has a dividend payout ratio of 105.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect ARBOR RLTY TR I/SH to earn $1.25 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 92.8%.
NYSE ABR traded up $0.01 on Monday, reaching $12.62. The company had a trading volume of 54,845 shares, compared to its average volume of 981,485. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 10.44 and a beta of 0.62. ARBOR RLTY TR I/SH has a fifty-two week low of $9.62 and a fifty-two week high of $13.94. The business has a 50 day moving average price of $12.27. The company has a current ratio of 15.10, a quick ratio of 13.17 and a debt-to-equity ratio of 2.09.
A number of equities analysts have recently issued reports on the stock. BTIG Research set a $14.00 price objective on shares of ARBOR RLTY TR I/SH and gave the stock a “buy” rating in a research report on Wednesday, April 17th. TheStreet cut shares of ARBOR RLTY TR I/SH from a “b-” rating to a “c+” rating in a research report on Friday, May 17th. Zacks Investment Research cut shares of ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, ValuEngine cut shares of ARBOR RLTY TR I/SH from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. ARBOR RLTY TR I/SH currently has an average rating of “Hold” and a consensus price target of $12.71.
ARBOR RLTY TR I/SH Company Profile
Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The company operates in two segments, Structured Business and Agency Business. It primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.
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