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

Arbor Realty Trust, Inc. (NYSE:ABR) declared a quarterly dividend on Friday, November 1st,Wall Street Journal reports. Shareholders 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 yield of 11.22%. The ex-dividend date is Friday, November 15th.

Arbor Realty Trust has increased its dividend payment by an average of 11.0% per year over the last three years and has raised its dividend every year for the last 12 years. Arbor Realty Trust has a dividend payout ratio of 107.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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

ABR opened at $15.34 on Thursday. The firm has a market capitalization of $2.89 billion, a P/E ratio of 11.36 and a beta of 2.06. The stock has a fifty day moving average of $14.95 and a 200-day moving average of $14.11. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. Arbor Realty Trust has a 12-month low of $11.77 and a 12-month high of $16.35.

Wall Street Analysts Forecast Growth

ABR has been the subject of several research analyst reports. JMP Securities increased their price objective on Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a research note on Friday, September 27th. Piper Sandler increased their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research report on Thursday, October 17th. Finally, Raymond James increased their target price on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Two equities 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, the company has an average rating of “Hold” and an average target price of $14.25.

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.