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

Arbor Realty Trust, Inc. (NYSE:ABR) announced a quarterly dividend on Friday, November 1st,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.43 per share by the real estate investment trust on Wednesday, November 27th. This represents a $1.72 annualized dividend and a dividend yield of 11.05%. The ex-dividend date is Friday, November 15th.

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 107.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Arbor Realty Trust to earn $1.57 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 109.6%.

Arbor Realty Trust Price Performance

Arbor Realty Trust stock traded up $0.07 during midday trading on Wednesday, reaching $15.57. The company had a trading volume of 240,859 shares, compared to its average volume of 3,817,626. The company has a market capitalization of $2.94 billion, a P/E ratio of 11.49 and a beta of 2.06. Arbor Realty Trust has a 12-month low of $11.77 and a 12-month high of $16.35. The firm’s fifty day simple moving average is $14.90 and its 200-day simple moving average is $14.11. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ABR shares. JMP Securities lifted their target price on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. JPMorgan Chase & Co. lifted their price objective on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Piper Sandler boosted their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research report on Monday, August 5th. Finally, Raymond James boosted their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Arbor Realty Trust has a consensus rating of “Hold” and an average target price of $14.25.

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.