Arbor Realty Trust (NYSE:ABR) Plans $0.17 Quarterly Dividend

Arbor Realty Trust (NYSE:ABR) declared a quarterly dividend on Thursday, May 7th. Investors of record on Friday, May 22nd will be given a dividend of 0.17 per share by the real estate investment trust on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date of this dividend is Friday, May 22nd.

Arbor Realty Trust has increased its dividend payment by an average of 0.0%annually over the last three years. Arbor Realty Trust has a payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Arbor Realty Trust to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 68.7%.

Arbor Realty Trust Price Performance

ABR opened at $5.83 on Wednesday. The company has a quick ratio of 428.41, a current ratio of 428.41 and a debt-to-equity ratio of 2.71. The business has a fifty day moving average of $7.52 and a 200 day moving average of $8.02. The stock has a market cap of $1.12 billion, a P/E ratio of 14.94 and a beta of 1.24. Arbor Realty Trust has a 52-week low of $5.67 and a 52-week high of $12.57.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The firm had revenue of $119.67 million for the quarter, compared to the consensus estimate of $109.86 million. Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. As a group, sell-side analysts anticipate that Arbor Realty Trust will post 0.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ABR shares. Citizens Jmp reduced their target price on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating on the stock in a research report on Thursday, May 14th. Keefe, Bruyette & Woods reduced their target price on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating on the stock in a research report on Tuesday, May 12th. Wall Street Zen lowered Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Weiss Ratings lowered Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Arbor Realty Trust has a consensus rating of “Reduce” and a consensus target price of $8.00.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.