Arbor Realty Trust (ABR) to Issue Quarterly Dividend of $0.30 on November 26th

Arbor Realty Trust (NYSE:ABR) declared a quarterly dividend on Friday, October 31st. Stockholders of record on Friday, November 14th will be paid a dividend of 0.30 per share by the real estate investment trust on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend is Friday, November 14th.

Arbor Realty Trust has raised its dividend by an average of 0.1%per year over the last three years. Arbor Realty Trust has a dividend payout ratio of 100.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Arbor Realty Trust Trading Down 0.1%

Shares of NYSE ABR opened at $9.25 on Wednesday. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06. The stock’s 50 day moving average price is $11.50 and its two-hundred day moving average price is $11.12. Arbor Realty Trust has a 52-week low of $8.43 and a 52-week high of $15.73. The stock has a market capitalization of $1.81 billion, a P/E ratio of 10.16 and a beta of 1.38.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, October 31st. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. The company had revenue of $162.49 million during the quarter, compared to the consensus estimate of $72.26 million. Arbor Realty Trust had a return on equity of 12.26% and a net margin of 20.75%. On average, analysts anticipate that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Institutional Trading of Arbor Realty Trust

Several large investors have recently made changes to their positions in ABR. Amalgamated Bank lifted its position in Arbor Realty Trust by 1.8% during the 2nd quarter. Amalgamated Bank now owns 54,581 shares of the real estate investment trust’s stock worth $584,000 after buying an additional 962 shares in the last quarter. Jamison Private Wealth Management Inc. raised its stake in shares of Arbor Realty Trust by 7.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 15,108 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 1,086 shares during the last quarter. Allworth Financial LP lifted its position in shares of Arbor Realty Trust by 77.8% during the second quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,130 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Arbor Realty Trust by 6.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 17,527 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 1,130 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Arbor Realty Trust by 14.7% during the first quarter. Covestor Ltd now owns 8,965 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 1,146 shares during the last quarter. Institutional investors own 57.25% of the company’s stock.

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.