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

Arbor Realty Trust, Inc. (NYSE:ABR - Get Free Report) declared a quarterly dividend on Friday, November 1st, Wall Street Journal reports. Investors of record on Friday, November 15th will be given a dividend of 0.43 per share by the real estate investment trust on Wednesday, November 27th. This represents a $1.72 dividend on an annualized basis and a yield of 11.70%. The ex-dividend date is Friday, November 15th.

Arbor Realty Trust has raised its dividend by an average of 11.0% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Arbor Realty Trust has a dividend payout ratio of 110.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Arbor Realty Trust to earn $1.63 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 105.5%.

Arbor Realty Trust Price Performance

NYSE ABR traded down $0.14 on Monday, reaching $14.70. The company's stock had a trading volume of 2,611,291 shares, compared to its average volume of 3,870,713. Arbor Realty Trust has a twelve month low of $11.77 and a twelve month high of $16.35. The company has a debt-to-equity ratio of 2.78, a quick ratio of 37.31 and a current ratio of 37.31. The firm's 50 day moving average is $14.67 and its two-hundred day moving average is $13.99. The stock has a market cap of $2.77 billion, a PE ratio of 10.21 and a beta of 2.06.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last issued its earnings results on Friday, August 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $297.19 million during the quarter, compared to analysts' expectations of $300.69 million. Arbor Realty Trust had a net margin of 24.59% and a return on equity of 15.75%. During the same period last year, the firm posted $0.56 earnings per share. As a group, sell-side analysts predict that Arbor Realty Trust will post 1.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ABR. Keefe, Bruyette & Woods increased their price target on Arbor Realty Trust from $13.25 to $14.00 and gave the company a "market perform" rating in a research report on Wednesday, July 10th. JMP Securities raised their target price on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the stock a "market outperform" rating in a report on Friday, September 27th. Raymond James lifted their target price 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. Piper Sandler upped their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an "underweight" rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the stock an "underweight" rating in a research report on Thursday, October 17th. Two 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 company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average 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.