Arbor Realty Trust (ABR) Plans Quarterly Dividend of $0.18
Arbor Realty Trust (NYSE:ABR) declared a quarterly dividend on Friday, August 4th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 8.76%. The ex-dividend date of this dividend is Monday, August 14th.
Arbor Realty Trust has raised its dividend by an average of 7.4% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Arbor Realty Trust has a payout ratio of 76.6% indicating that 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 $0.85 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 84.7%.
Shares of Arbor Realty Trust (NYSE ABR) traded up 0.0414% during trading on Wednesday, hitting $8.2234. The stock had a trading volume of 61,477 shares. Arbor Realty Trust has a 12 month low of $6.92 and a 12 month high of $8.99. The stock has a 50 day moving average of $8.31 and a 200 day moving average of $8.09. The company has a market cap of $426.38 million, a PE ratio of 7.3819 and a beta of 0.69.
Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $34.47 million during the quarter. Arbor Realty Trust had a net margin of 54.47% and a return on equity of 10.85%. Equities analysts forecast that Arbor Realty Trust will post $1.10 EPS for the current fiscal year.
ABR has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. BidaskClub downgraded shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $8.75 price target on shares of Arbor Realty Trust in a research report on Thursday, July 6th.
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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