Arbor Realty Trust to Issue Quarterly Dividend of $0.17 (NYSE:ABR)

Arbor Realty Trust (NYSE:ABR) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Friday, August 14th will be paid a dividend of 0.17 per share by the real estate investment trust on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date of this dividend is Friday, August 14th.

Arbor Realty Trust has raised 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. Research analysts expect Arbor Realty Trust to earn $0.55 per share next year, which means the company may not be able to cover its $0.68 annual dividend with an expected future payout ratio of 123.6%.

Arbor Realty Trust Price Performance

Shares of ABR traded up $0.23 during midday trading on Friday, hitting $5.02. 8,874,238 shares of the company traded hands, compared to its average volume of 4,110,485. Arbor Realty Trust has a one year low of $4.73 and a one year high of $12.57. The firm has a market cap of $965.84 million, a P/E ratio of 12.87 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a current ratio of 428.41 and a quick ratio of 428.41. The stock has a 50-day moving average of $5.20 and a 200-day moving average of $6.77.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $117.83 million during the quarter, compared to analyst estimates of $107.75 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 predict that Arbor Realty Trust will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on ABR shares. Zacks Research cut shares of Arbor Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. upgraded shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and reduced their price target for the company from $7.00 to $5.50 in a research report on Friday, July 17th. Piper Sandler decreased their price target on shares of Arbor Realty Trust from $8.00 to $5.50 and set an “underweight” rating on the stock in a report on Thursday, July 2nd. Keefe, Bruyette & Woods lowered their price objective 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. Finally, Citizens Jmp dropped their price objective on Arbor Realty Trust from $9.50 to $8.50 and set a “market outperform” rating for the company in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $6.50.

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.