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

Arbor Realty Trust, Inc. (NYSE:ABR) declared a quarterly dividend on Monday, November 4th, 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 dividend on an annualized basis and a dividend yield of 11.65%. The ex-dividend date of this dividend is Friday, November 15th.

Arbor Realty Trust has raised its dividend by an average of 11.0% annually 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 110.3% meaning 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 $1.63 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 105.5%.

Arbor Realty Trust Trading Down 0.5 %

Shares of NYSE:ABR traded down $0.08 on Monday, hitting $14.76. The company had a trading volume of 1,968,555 shares, compared to its average volume of 3,866,902. The company has a quick ratio of 37.31, a current ratio of 37.31 and a debt-to-equity ratio of 2.78. Arbor Realty Trust has a 1 year low of $11.77 and a 1 year high of $16.35. The firm’s 50-day simple moving average is $14.67 and its two-hundred day simple moving average is $13.99. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 10.21 and a beta of 2.06.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate 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 15.75% and a net margin of 24.59%. During the same period in the previous year, the company posted $0.56 earnings per share. Equities analysts anticipate that Arbor Realty Trust will post 1.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ABR shares. Piper Sandler raised their price target on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a report on Monday, August 5th. Raymond James boosted their target price on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. increased their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods boosted 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, JMP Securities lifted their price target on shares of 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus 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.