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

Arbor Realty Trust, Inc. (NYSE:ABR) declared a quarterly dividend on Friday, November 1st,Wall Street Journal reports. Investors 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 11.05%. The ex-dividend date of this dividend is Friday, November 15th.

Arbor Realty Trust has raised its dividend by an average of 11.0% annually over the last three years and has increased its dividend every year for the last 12 years. Arbor Realty Trust has a payout ratio of 107.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 0.5 %

Shares of ABR traded up $0.07 on Wednesday, hitting $15.57. 240,859 shares of the stock traded hands, compared to its average volume of 3,817,626. The company has a quick ratio of 35.68, a current ratio of 35.68 and a debt-to-equity ratio of 2.67. The firm has a market capitalization of $2.94 billion, a P/E ratio of 11.49 and a beta of 2.06. The stock’s 50 day moving average is $14.90 and its two-hundred day moving average is $14.11. Arbor Realty Trust has a 1 year low of $11.77 and a 1 year high of $16.35.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ABR. JPMorgan Chase & Co. upped their price objective on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Raymond James raised their target price on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Piper Sandler upped their price target 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 upped their price target 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 research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.25.

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.