Arbor Realty Trust, Inc. Announces 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 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 dividend yield of 11.22%. 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 every year for the last 12 years. Arbor Realty Trust has a dividend 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. Equities research 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 Stock Performance

ABR opened at $15.34 on Thursday. The business has a 50 day moving average price of $14.95 and a two-hundred day moving average price of $14.11. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 11.36 and a beta of 2.06. Arbor Realty Trust has a 1-year low of $11.77 and a 1-year high of $16.35.

Analyst Upgrades and Downgrades

ABR has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a report on Thursday, October 17th. Raymond James upped their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. JMP Securities lifted their price objective on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a research note on Friday, September 27th. Finally, Piper Sandler increased their target price on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Arbor Realty Trust presently 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.