ARBOR Rlty Tr I/SH (NYSE:ABR) announced a quarterly dividend on Monday, August 6th, Wall Street Journal reports. Stockholders of record on Wednesday, August 15th will be paid a dividend of 0.25 per share by the real estate investment trust on Friday, August 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.16%. The ex-dividend date of this dividend is Tuesday, August 14th.
ARBOR Rlty Tr I/SH has raised its dividend payment by an average of 11.5% annually over the last three years and has raised its dividend every year for the last 6 years. ARBOR Rlty Tr I/SH has a payout ratio of 90.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect ARBOR Rlty Tr I/SH to earn $1.12 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 89.3%.
Shares of ABR traded up $0.13 during mid-day trading on Friday, hitting $12.26. 921,600 shares of the stock were exchanged, compared to its average volume of 1,055,714. The stock has a market capitalization of $909.97 million, a price-to-earnings ratio of 11.64 and a beta of 0.20. ARBOR Rlty Tr I/SH has a 52-week low of $7.88 and a 52-week high of $12.26. The company has a debt-to-equity ratio of 2.25, a current ratio of 12.66 and a quick ratio of 12.66.
Several brokerages have recently issued reports on ABR. JMP Securities reaffirmed a “buy” rating and set a $12.00 price objective on shares of ARBOR Rlty Tr I/SH in a report on Wednesday, August 15th. Raymond James began coverage on ARBOR Rlty Tr I/SH in a report on Monday, July 30th. They set a “market perform” rating on the stock. Deutsche Bank cut ARBOR Rlty Tr I/SH from a “buy” rating to a “hold” rating and set a $9.50 price objective on the stock. in a report on Tuesday, July 24th. JPMorgan Chase & Co. boosted their target price on ARBOR Rlty Tr I/SH from $9.00 to $10.00 and gave the company a “$11.27” rating in a research report on Monday, July 23rd. Finally, Zacks Investment Research downgraded ARBOR Rlty Tr I/SH from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $10.63.
ARBOR Rlty Tr I/SH Company Profile
Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. It operates in two segments, Structured Business and Agency Business. The company primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.
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