Arbor Realty Trust (NYSE:ABR) announced a quarterly dividend on Friday, August 4th, Zacks reports. Shareholders of record on Wednesday, August 16th will be given a dividend of 0.18 per share by the real estate investment trust on Thursday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date is Monday, August 14th.
Arbor Realty Trust has raised its dividend payment by an average of 7.4% annually over the last three years and has raised its dividend every year for the last 5 years. Arbor Realty Trust has a dividend payout ratio of 78.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Arbor Realty Trust to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 90.0%.
Arbor Realty Trust (NYSE:ABR) traded up 0.12% during mid-day trading on Friday, reaching $8.03. The company’s stock had a trading volume of 287,890 shares. The stock has a market capitalization of $492.63 million, a P/E ratio of 7.35 and a beta of 0.69. The stock’s 50 day moving average price is $8.24 and its 200 day moving average price is $8.13. Arbor Realty Trust has a 1-year low of $6.92 and a 1-year high of $8.99.
Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, August 4th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $34.47 million for the quarter. Arbor Realty Trust had a net margin of 54.47% and a return on equity of 10.47%. Analysts expect that Arbor Realty Trust will post $0.88 EPS for the current fiscal year.
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An institutional investor recently raised its position in Arbor Realty Trust stock. State Street Corp raised its stake in Arbor Realty Trust (NYSE:ABR) by 67.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,800 shares of the real estate investment trust’s stock after buying an additional 16,800 shares during the period. State Street Corp owned approximately 0.07% of Arbor Realty Trust worth $349,000 as of its most recent SEC filing. 38.96% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on ABR. Keefe, Bruyette & Woods restated a “hold” rating and issued a $8.75 target price on shares of Arbor Realty Trust in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of Arbor Realty Trust from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a research note on Tuesday, July 18th. Finally, BidaskClub lowered shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th.
Arbor Realty Trust Company Profile
Arbor Realty Trust, Inc is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity.
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