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

Arbor Realty Trust, Inc. (NYSE:ABR) announced a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Shareholders 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 14.27%. 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Arbor Realty Trust Trading Up 3.2 %

Shares of ABR opened at $12.06 on Wednesday. Arbor Realty Trust has a twelve month low of $11.43 and a twelve month high of $15.94. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. The company’s fifty day simple moving average is $13.55 and its 200-day simple moving average is $14.19. The company has a market cap of $2.27 billion, a P/E ratio of 10.13 and a beta of 2.03.

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

Insider Buying and Selling

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of the stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $14.17 per share, with a total value of $74,661.73. Following the transaction, the director now owns 178,797 shares of the company’s stock, valued at approximately $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ABR has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday. 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. reduced 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 report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.75.

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.