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

Arbor Realty Trust, Inc. (NYSE:ABR) declared a quarterly dividend on Friday, May 3rd, Zacks reports. Stockholders of record on Friday, May 17th will be given a dividend of 0.43 per share by the real estate investment trust on Friday, May 31st. This represents a $1.72 annualized dividend and a dividend yield of 13.34%. The ex-dividend date of this dividend is Thursday, May 16th.

Arbor Realty Trust has raised its dividend by an average of 11.0% per year over the last three years and has raised its dividend annually for the last 12 consecutive years.

Arbor Realty Trust Trading Down 1.5 %

Shares of Arbor Realty Trust stock traded down $0.19 on Friday, hitting $12.89. 7,027,880 shares of the company’s stock traded hands, compared to its average volume of 3,577,047. The company has a fifty day moving average of $12.85 and a two-hundred day moving average of $13.42. Arbor Realty Trust has a one year low of $10.70 and a one year high of $17.74. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 7.32 and a beta of 1.96. The company has a debt-to-equity ratio of 3.21, a current ratio of 36.02 and a quick ratio of 36.02.

Insider Activity

In related news, Director William C. Green acquired 10,209 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was purchased at an average cost of $12.93 per share, with a total value of $132,002.37. Following the acquisition, the director now owns 162,809 shares of the company’s stock, valued at approximately $2,105,120.37. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

ABR has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods decreased their price target on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a research note on Wednesday, April 10th. Wedbush reissued a “neutral” rating and set a $13.00 price objective (down previously from $17.00) on shares of Arbor Realty Trust in a research report on Thursday, April 11th. JMP Securities reduced their target price on Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating for the company in a research note on Thursday, February 1st. Finally, TheStreet raised Arbor Realty Trust from a “d+” rating to a “c” rating in a research note on Monday, March 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Arbor Realty Trust has a consensus rating of “Hold” and a consensus target price of $14.71.

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.