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

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

Arbor Realty Trust has raised its dividend by an average of 7.6% per year over the last three years and has increased its dividend every year for the last 13 years. Arbor Realty Trust has a 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.

Arbor Realty Trust Trading Down 2.9 %

Shares of ABR opened at $11.65 on Tuesday. The firm’s 50 day simple moving average is $13.59 and its 200 day simple moving average is $14.20. The company has a market capitalization of $2.20 billion, a P/E ratio of 9.79 and a beta of 2.03. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68. Arbor Realty Trust has a 1-year low of $11.46 and a 1-year high of $15.94.

Arbor Realty Trust (NYSE:ABR) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $262.87 million for the quarter, compared to analysts’ expectations of $88.92 million. Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. Sell-side analysts forecast that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Raymond James downgraded shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.00.

Insider Activity at Arbor Realty Trust

In related news, Director William C. Green purchased 5,269 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the acquisition, the director now directly owns 178,797 shares in the company, valued at approximately $2,533,553.49. The trade was a 3.04 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by company insiders.

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.