Arbor Realty Trust, Inc. (ABR) to Issue Quarterly Dividend of $0.43 on March 21st

Arbor Realty Trust, Inc. (NYSE:ABR) announced 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 annualized dividend and a dividend yield of 14.27%. The ex-dividend date is Friday, March 7th.

Arbor Realty Trust has raised its dividend payment 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 Stock Performance

ABR opened at $12.06 on Wednesday. The company’s 50 day moving average is $13.55 and its 200 day moving average is $14.19. 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 has a market cap of $2.27 billion, a price-to-earnings ratio of 10.13 and a beta of 2.03. Arbor Realty Trust has a 12-month low of $11.43 and a 12-month high of $15.94.

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

Insider Transactions at Arbor Realty Trust

In related news, Director William C. Green purchased 5,269 shares of the firm’s stock in a transaction 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 purchase, the director now directly owns 178,797 shares in the company, valued at $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Finally, Raymond James cut shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.