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 in two segments, Structured Business and Agency Business. 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. The company offers bridge financing products to borrowers who seek short-term capital to be used in an acquisition of property; financing by making preferred equity investments in entities that directly or indirectly own real property; mezzanine financing in the form of loans that are subordinate to a conventional first mortgage loan and senior to the borrower's equity in a transaction; junior participation financing in the form of a junior participating interest in the senior debt; and financing products to borrowers who are looking to acquire conventional, workforce, and affordable single-family housing. Further, it underwrites, originates, sells, and services multifamily mortgage loans through conduit/commercial mortgage-backed securities programs. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Arbor Realty Trust, Inc. was incorporated in 2003 and is headquartered in Uniondale, New York.
Arbor Realty Trust Stock Performance
Shares of NYSE:ABR traded down $0.33 during mid-day trading on Friday, reaching $15.61. 27,446 shares of the company traded hands, compared to its average volume of 2,442,534. The company's 50 day moving average price is $14.54 and its 200-day moving average price is $16.24. The firm has a market cap of $2.66 billion, a PE ratio of 7.85 and a beta of 1.82. Arbor Realty Trust has a 52 week low of $12.18 and a 52 week high of $20.74. The company has a debt-to-equity ratio of 4.12, a current ratio of 42.12 and a quick ratio of 42.12.
Arbor Realty Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 9.99%. This is an increase from Arbor Realty Trust's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, August 12th. Arbor Realty Trust's dividend payout ratio (DPR) is presently 74.88%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on ABR shares. JMP Securities dropped their price target on Arbor Realty Trust from $21.00 to $20.00 and set a "market outperform" rating on the stock in a research note on Monday, August 1st. Piper Sandler cut their price target on Arbor Realty Trust from $20.00 to $17.00 and set an "overweight" rating for the company in a research note on Tuesday, June 28th.