Arbor Realty Trust (NYSE:ABR) to Issue Quarterly Dividend of $0.30

Key Points

• Arbor Realty Trust has declared a quarterly dividend of $0.30 per share, with a yield of 10.5%, scheduled to be paid on August 29th to investors of record on August 15th.
• The company has a payout ratio of 100.8%, indicating it is relying on its balance sheet rather than earnings to cover dividend payments.
• Arbor Realty Trust's recent earnings report showed an EPS of $0.24, missing estimates, while CEO Ivan Kaufman purchased 60,000 shares, increasing his ownership stake in the company.

Arbor Realty Trust (NYSE:ABR - Get Free Report) announced a quarterly dividend on Friday, August 1st, RTT News reports. Shareholders of record on Friday, August 15th will be given a dividend of 0.30 per share by the real estate investment trust on Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend is Friday, August 15th.

Arbor Realty Trust has a dividend payout ratio of 100.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Arbor Realty Trust Trading Up 3.6%

Shares of Arbor Realty Trust stock traded up $0.42 during mid-day trading on Tuesday, hitting $11.81. 2,503,197 shares of the stock were exchanged, compared to its average volume of 3,543,509. Arbor Realty Trust has a twelve month low of $8.43 and a twelve month high of $15.94. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 12.97 and a beta of 1.37. The company has a 50-day simple moving average of $10.76 and a 200 day simple moving average of $11.49. The company has a current ratio of 36.48, a quick ratio of 36.48 and a debt-to-equity ratio of 1.92.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). Arbor Realty Trust had a return on equity of 12.19% and a net margin of 20.75%. The firm had revenue of $27.44 million for the quarter, compared to analyst estimates of $76.99 million. Research analysts forecast that Arbor Realty Trust will post 1.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ABR. JPMorgan Chase & Co. decreased their price target on shares of Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Keefe, Bruyette & Woods raised their target price on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock a "market perform" rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $13.30.

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.