Arbor Realty Trust (NYSE:ABR) announced a quarterly dividend on Friday, August 4th, Zacks reports. Investors of record on Wednesday, August 16th will be paid 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% per year over the last three years and has increased 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 decline. 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%.
Shares of Arbor Realty Trust (NYSE:ABR) traded up 0.12% during mid-day trading on Friday, reaching $8.03. The company had a trading volume of 287,890 shares. Arbor Realty Trust has a 1-year low of $6.92 and a 1-year high of $8.99. The stock has a market capitalization of $492.63 million, a price-to-earnings ratio of 7.35 and a beta of 0.69. The firm has a 50-day moving average price of $8.24 and a 200-day moving average price of $8.13.
Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, August 4th. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Arbor Realty Trust had a return on equity of 10.47% and a net margin of 54.47%. The company had revenue of $34.47 million during the quarter. Equities analysts expect that Arbor Realty Trust will post $0.88 earnings per share for the current year.
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A hedge fund recently raised its stake in Arbor Realty Trust stock. State Street Corp increased 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 0.07% of Arbor Realty Trust worth $349,000 at the end of the most recent reporting period. 38.96% of the stock is owned by institutional investors.
A number of research firms have commented on ABR. Zacks Investment Research cut Arbor Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $8.75 price objective on shares of Arbor Realty Trust in a research note on Thursday, July 6th. Finally, BidaskClub cut Arbor Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th.
About Arbor Realty Trust
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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