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 Price Performance
Arbor Realty Trust stock traded down $0.10 during trading hours on Thursday, hitting $15.94. The stock had a trading volume of 47,088 shares, compared to its average volume of 2,406,145. The company has a debt-to-equity ratio of 4.12, a current ratio of 42.12 and a quick ratio of 42.12. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 7.85 and a beta of 1.82. Arbor Realty Trust has a 1-year low of $12.18 and a 1-year high of $20.74. The stock's fifty day moving average is $14.55 and its two-hundred day moving average is $16.25.
Arbor Realty Trust Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th will be issued a $0.39 dividend. This is a positive change from Arbor Realty Trust's previous quarterly dividend of $0.38. The ex-dividend date is Friday, August 12th. This represents a $1.56 annualized dividend and a yield of 9.79%. Arbor Realty Trust's dividend payout ratio is 74.88%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on ABR. Piper Sandler dropped their price objective on Arbor Realty Trust from $20.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, June 28th. JMP Securities dropped their price objective on Arbor Realty Trust from $21.00 to $20.00 and set a "market outperform" rating on the stock in a report on Monday, August 1st.