ARBOR RLTY TR I/SH (NYSE:ABR) announced a quarterly dividend on Friday, August 2nd, Zacks reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.28 per share by the real estate investment trust on Tuesday, September 3rd. This represents a $1.12 annualized dividend and a dividend yield of 8.83%. The ex-dividend date is Wednesday, August 14th.

ARBOR RLTY TR I/SH has raised its dividend by an average of 19.1% per year over the last three years and has raised its dividend every year for the last 7 years. ARBOR RLTY TR I/SH has a dividend payout ratio of 105.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect ARBOR RLTY TR I/SH to earn $1.25 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 92.8%.

Shares of ABR traded up $0.07 on Monday, hitting $12.68. 50,860 shares of the stock traded hands, compared to its average volume of 981,485. The stock has a market cap of $1.20 billion, a P/E ratio of 10.51 and a beta of 0.62. The company has a debt-to-equity ratio of 2.09, a current ratio of 15.10 and a quick ratio of 13.17. The firm has a 50 day simple moving average of $12.27. ARBOR RLTY TR I/SH has a one year low of $9.62 and a one year high of $13.94.

ARBOR RLTY TR I/SH (NYSE:ABR) last announced its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The company had revenue of $82.17 million during the quarter, compared to the consensus estimate of $73.10 million. ARBOR RLTY TR I/SH had a net margin of 44.17% and a return on equity of 13.20%. On average, equities research analysts forecast that ARBOR RLTY TR I/SH will post 1.15 earnings per share for the current year.

ABR has been the subject of several analyst reports. ValuEngine downgraded shares of ARBOR RLTY TR I/SH from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BTIG Research set a $14.00 target price on shares of ARBOR RLTY TR I/SH and gave the stock a “buy” rating in a research report on Wednesday, April 17th. TheStreet downgraded shares of ARBOR RLTY TR I/SH from a “b-” rating to a “c+” rating in a research report on Friday, May 17th. Finally, Zacks Investment Research downgraded shares of ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. ARBOR RLTY TR I/SH presently has an average rating of “Hold” and an average price target of $12.71.

About ARBOR RLTY TR I/SH

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The company operates in two segments, Structured Business and Agency Business. It primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.

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Dividend History for ARBOR RLTY TR I/SH (NYSE:ABR)

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