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

Arbor Realty Trust, Inc. (NYSE:ABR) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.43 per share by the real estate investment trust on Friday, March 21st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 14.76%. The ex-dividend date of this dividend is Friday, March 7th.

Arbor Realty Trust has raised its dividend by an average of 7.6% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Arbor Realty Trust has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Arbor Realty Trust Price Performance

Shares of ABR opened at $11.65 on Tuesday. The company has a market capitalization of $2.20 billion, a P/E ratio of 9.79 and a beta of 2.03. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41. The firm has a 50 day moving average of $13.59 and a 200 day moving average of $14.20. Arbor Realty Trust has a twelve month low of $11.46 and a twelve month high of $15.94.

Arbor Realty Trust (NYSE:ABR) last announced 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). The firm had revenue of $262.87 million for the quarter, compared to the consensus estimate of $88.92 million. Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. As a group, equities research analysts anticipate that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on ABR. JPMorgan Chase & Co. cut their target price on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Raymond James cut shares of Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.00.

Insider Activity at Arbor Realty Trust

In other news, Director William C. Green bought 5,269 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the purchase, the director now owns 178,797 shares in the company, valued at $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 3.70% of the stock is owned by corporate insiders.

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.