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.
Wall Street Analyst Weigh In
ABR has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of 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. JMP Securities reduced their price target on shares of Arbor Realty Trust from $21.00 to $20.00 and set a "market outperform" rating for the company in a research report on Monday, August 1st.
Arbor Realty Trust Stock Down 1.3 %
NYSE:ABR traded down $0.20 during trading hours on Wednesday, hitting $15.62. 1,793,487 shares of the company's stock traded hands, compared to its average volume of 2,293,846. Arbor Realty Trust has a twelve month low of $12.18 and a twelve month high of $20.74. The firm has a market cap of $2.66 billion, a P/E ratio of 7.79 and a beta of 1.82. The company has a debt-to-equity ratio of 4.12, a quick ratio of 42.12 and a current ratio of 42.12. The stock's fifty day moving average price is $14.51 and its two-hundred day moving average price is $16.20.
Arbor Realty Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, August 12th. This is an increase from Arbor Realty Trust's previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 9.99%. Arbor Realty Trust's payout ratio is presently 76.85%.