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

Arbor Realty Trust, Inc. (NYSE:ABR) announced a quarterly dividend on Friday, August 2nd, Zacks reports. Stockholders 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 12.89%. The ex-dividend date of this dividend is Friday, August 16th.

Arbor Realty Trust has increased its dividend payment by an average of 11.0% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Arbor Realty Trust has a payout ratio of 103.0% 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 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 Stock Performance

Arbor Realty Trust stock traded up $0.14 during mid-day trading on Friday, hitting $13.34. 6,945,633 shares of the company’s stock traded hands, compared to its average volume of 5,521,283. The firm has a 50 day simple moving average of $13.85 and a two-hundred day simple moving average of $13.39. Arbor Realty Trust has a fifty-two week low of $11.77 and a fifty-two week high of $16.95. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 8.29 and a beta of 2.03. The company has a debt-to-equity ratio of 3.14, a current ratio of 36.63 and a quick ratio of 36.63.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ABR. JPMorgan Chase & Co. decreased their price target 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. JMP Securities decreased their price objective on shares of Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, June 20th. Keefe, Bruyette & Woods raised their price objective on shares of 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 reaffirmed a “neutral” rating and set a $13.00 target price on shares of Arbor Realty Trust in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.30.

Arbor Realty Trust Company Profile

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.