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

Arbor Realty Trust, Inc. (NYSE:ABR) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Friday, March 7th will be paid a dividend of 0.43 per share by the real estate investment trust on Friday, March 21st. This represents a $1.72 annualized dividend and a yield of 14.76%. The ex-dividend date of this dividend is Friday, March 7th.

Arbor Realty Trust has increased its dividend by an average of 7.6% per year over the last three years and has raised its dividend every year for the last 13 years. Arbor Realty Trust has a dividend payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Arbor Realty Trust to earn $1.65 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 104.2%.

Arbor Realty Trust Stock Down 2.9 %

Arbor Realty Trust stock traded down $0.35 during midday trading on Monday, reaching $11.65. The company’s stock had a trading volume of 11,878,439 shares, compared to its average volume of 3,237,171. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. The stock has a market capitalization of $2.20 billion, a P/E ratio of 8.63 and a beta of 2.03. The stock’s 50-day simple moving average is $13.65 and its 200-day simple moving average is $14.21. Arbor Realty Trust has a 52-week low of $11.46 and a 52-week high of $15.94.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Arbor Realty Trust had a net margin of 23.99% and a return on equity of 14.94%. The firm had revenue of $262.87 million during the quarter, compared to analyst estimates of $88.92 million. On average, sell-side analysts expect that Arbor Realty Trust will post 1.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Raymond James lowered Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, JPMorgan Chase & Co. lowered their price objective on Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Arbor Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Insider Transactions at Arbor Realty Trust

In other news, Director William C. Green purchased 5,269 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the acquisition, the director now directly owns 178,797 shares of the company’s stock, valued at approximately $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

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.