Arbor Realty Trust, Inc. (ABR) to Issue Quarterly Dividend of $0.43 on November 27th

Arbor Realty Trust, Inc. (NYSE:ABR) announced a quarterly dividend on Friday, November 1st,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.43 per share by the real estate investment trust on Wednesday, November 27th. This represents a $1.72 annualized dividend and a dividend yield of 11.09%. The ex-dividend date is Friday, November 15th.

Arbor Realty Trust has increased its dividend payment by an average of 11.0% per year over the last three years and has increased its dividend every year for the last 12 years. Arbor Realty Trust has a dividend payout ratio of 107.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Arbor Realty Trust to earn $1.57 per share next year, which means the company may not be able to cover its $1.72 annual dividend with an expected future payout ratio of 109.6%.

Arbor Realty Trust Trading Up 0.1 %

Shares of ABR stock traded up $0.01 during trading hours on Wednesday, hitting $15.51. 408,023 shares of the company were exchanged, compared to its average volume of 3,818,852. The firm has a market cap of $2.93 billion, a P/E ratio of 11.49 and a beta of 2.06. Arbor Realty Trust has a fifty-two week low of $11.77 and a fifty-two week high of $16.35. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. The company has a 50 day simple moving average of $14.90 and a two-hundred day simple moving average of $14.11.

Analysts Set New Price Targets

ABR has been the subject of several recent analyst reports. Raymond James raised their price objective on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. increased their target price on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Piper Sandler increased their target price on Arbor Realty Trust from $12.00 to $12.50 and gave the stock an “underweight” rating in a report on Monday, August 5th. Finally, JMP Securities increased their target price on Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.25.

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.