ARBOR Rlty Tr I/SH (NYSE:ABR) announced a quarterly dividend on Monday, November 5th, Wall Street Journal reports. Investors of record on Thursday, November 15th will be paid a dividend of 0.27 per share by the real estate investment trust on Friday, November 30th. This represents a $1.08 annualized dividend and a dividend yield of 8.94%. The ex-dividend date is Wednesday, November 14th. This is a positive change from ARBOR Rlty Tr I/SH’s previous quarterly dividend of $0.25.
ARBOR Rlty Tr I/SH has increased its dividend payment by an average of 11.5% per year over the last three years and has increased its dividend every year for the last 6 years. ARBOR Rlty Tr I/SH has a dividend payout ratio of 98.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect ARBOR Rlty Tr I/SH to earn $1.19 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 90.8%.
Shares of NYSE:ABR opened at $12.08 on Friday. The company has a quick ratio of 12.66, a current ratio of 12.60 and a debt-to-equity ratio of 2.19. ARBOR Rlty Tr I/SH has a 1 year low of $7.89 and a 1 year high of $12.41. The firm has a market cap of $920.33 million, a P/E ratio of 10.31 and a beta of 0.15.
Several equities analysts have weighed in on the company. JMP Securities raised their target price on ARBOR Rlty Tr I/SH from $10.50 to $12.00 and gave the company a “$11.27” rating in a report on Monday, July 23rd. Deutsche Bank lowered ARBOR Rlty Tr I/SH from a “buy” rating to a “hold” rating and set a $9.50 target price on the stock. in a report on Tuesday, July 24th. BTIG Research assumed coverage on ARBOR Rlty Tr I/SH in a report on Monday, October 8th. They set a “buy” rating and a $13.00 target price on the stock. Raymond James assumed coverage on ARBOR Rlty Tr I/SH in a report on Monday, July 30th. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. raised their target price on ARBOR Rlty Tr I/SH from $9.00 to $10.00 and gave the company a “$11.27” rating in a report on Monday, July 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.41.
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ARBOR Rlty Tr I/SH Company Profile
Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. It operates in two segments, Structured Business and Agency Business. The company primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.
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