Arbor Realty Trust, Inc. Declares 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. Stockholders 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 annualized dividend and a dividend yield of 14.76%. The ex-dividend date of this dividend is Friday, March 7th.

Arbor Realty Trust has increased its dividend payment by an average of 7.6% per year over the last three years and has increased its dividend every year for the last 13 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 fall. Analysts expect Arbor Realty Trust to earn $1.65 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 104.2%.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR traded down $0.35 during midday trading on Monday, hitting $11.65. The company had a trading volume of 11,878,439 shares, compared to its average volume of 3,237,171. 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 fifty day moving average of $13.65 and a two-hundred day moving average of $14.21. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 8.63 and a beta of 2.03. Arbor Realty Trust has a 12-month low of $11.46 and a 12-month high of $15.94.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.39 EPS 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 23.99% and a return on equity of 14.94%. On average, equities research analysts expect that Arbor Realty Trust will post 1.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ABR shares. JPMorgan Chase & Co. decreased their target price on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their target price on Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Finally, Raymond James lowered Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.00.

Insiders Place Their Bets

In other news, Director William C. Green bought 5,269 shares of the stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the acquisition, the director now owns 178,797 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.70% of the company’s stock.

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.