Arbor Realty Trust, Inc. (NYSE:ABR) Plans $0.43 Quarterly Dividend

Arbor Realty Trust, Inc. (NYSE:ABR) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Investors 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 yield of 14.00%. The ex-dividend date of this dividend 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 dividend payout ratio of 131.3% 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 Stock Performance

Shares of ABR opened at $12.29 on Wednesday. The business has a 50-day simple moving average of $13.42 and a two-hundred day simple moving average of $14.15. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41. Arbor Realty Trust has a 52 week low of $11.43 and a 52 week high of $15.94. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 10.33 and a beta of 2.03.

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

Insider Activity

In other news, Director William C. Green purchased 5,269 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the acquisition, the director now owns 178,797 shares of the company’s stock, valued at approximately $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ABR. Raymond James cut shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, February 24th. JPMorgan Chase & Co. dropped 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, Keefe, Bruyette & Woods cut their price objective on shares of Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.75.

Arbor Realty Trust Company Profile

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.