Arbor Realty Trust (ABR) to Issue Quarterly Dividend of $0.17 on June 5th

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

Arbor Realty Trust has raised its dividend payment by an average of 0.0%per year over the last three years. Arbor Realty Trust has a payout ratio of 57.1% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Performance

ABR stock 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 company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.94 and a beta of 1.24. Arbor Realty Trust has a 12 month low of $5.67 and a 12 month high of $12.57. The firm has a 50 day moving average of $7.52 and a two-hundred day moving average of $8.02.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 24th. Keefe, Bruyette & Woods cut their target price on Arbor Realty Trust from $7.50 to $6.50 and set an “underperform” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, 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 report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently 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.