Arbor Realty Trust, Inc. (NYSE:ABR – Get Rating) announced a quarterly dividend on Friday, May 6, Zacks reports. Shareholders of record on Friday, May 20 will receive a dividend of 0.38 per share from the real estate investment trust on Tuesday, May 31. This represents an annualized dividend of $1.52 and a dividend yield of 8.76%. The ex-dividend date is Thursday, May 19. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.37.

Arbor Realty Trust has increased its dividend payout by an average of 6.9% per year over the past three years and has increased its dividend every year for the past 8 years. Arbor Realty Trust has a payout ratio of 79.6%, indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Arbor Realty Trust to earn $1.82 per share next year, meaning the company should continue to be able to cover its $1.48 annual dividend with a expected future payout ratio of 81.3%.

ABR opened at $17.35 on Friday. The company has a debt ratio of 3.67, a current ratio of 38.20 and a quick ratio of 38.20. Arbor Realty Trust has a fifty-two week low of $16.11 and a fifty-two week high of $20.74. The company’s 50-day moving average price is $17.32 and its two-hundred-day moving average price is $17.91. The company has a market capitalization of $2.78 billion, a price-earnings ratio of 7.61 and a beta of 1.71.

Arbor Realty Trust (NYSE:ABR – Get Rating) last announced its results on Friday, May 6. The real estate investment trust reported EPS of $0.55 for the quarter, beating the consensus estimate of $0.40 by $0.15. Arbor Realty Trust had a return on equity of 17.67% and a net margin of 72.39%. The company posted revenue of $84.14 million for the quarter, versus a consensus estimate of $83.84 million. During the same period of the previous year, the company achieved EPS of $0.50. The company’s quarterly revenue increased by 71.9% compared to the same quarter last year. As a group, equity research analysts expect Arbor Realty Trust to post EPS of 1.72 for the current year.

A number of brokerages have weighed in on ABR. StockNews.com began covering Arbor Realty Trust in a report on Thursday, March 31. They issued a “holding” rating for the company. Zacks Investment Research downgraded shares of Arbor Realty Trust from a “buy” rating to a “hold” rating in a Tuesday, April 26 research report. Finally, Piper Sandler launched a hedge on the shares of Arbor Realty Trust in a Monday, April 25 report. They issued an “overweight” rating and a price target of $20.00 for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating for the company’s stock. According to MarketBeat, Arbor Realty Trust currently has an average rating of “Buy” and a consensus price target of $21.50.

In other news, Manager William C. Green purchased 4,000 shares in a trade dated Monday, February 7. The stock was purchased at an average price of $24.20 per share, for a total transaction of $96,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, director William C. Green purchased 2,500 shares of the company in a transaction that took place on Wednesday, March 16. The shares were purchased at an average cost of $17.47 per share, for a total transaction of $43,675.00. Disclosure of this purchase can be found here. Company insiders own 5.30% of the company’s shares.

A number of hedge funds and other institutional investors have recently changed their positions in the company. State Street Corp increased its stake in shares of Arbor Realty Trust by 7.3% in the fourth quarter. State Street Corp now owns 2,714,804 shares of the real estate investment trust worth $49,735,000 after purchasing an additional 183,625 shares in the last quarter. Morgan Stanley increased its stake in Arbor Realty Trust by 74.0% during the second quarter. Morgan Stanley now owns 1,494,647 shares of the real estate investment trust valued at $26,635,000 after acquiring an additional 635,468 shares during the period. Stifel Financial Corp increased its holdings of Arbor Realty Trust shares 7.7% in the fourth quarter. Stifel Financial Corp now owns 702,104 shares of the real estate investment trust worth $12,863,000 after acquiring an additional 50,175 shares during the period. Bank of New York Mellon Corp increased its position in shares of Arbor Realty Trust by 13.3% in the third quarter. Bank of New York Mellon Corp now owns 607,869 shares of the real estate investment trust valued at $11,264,000 after buying an additional 71,239 shares last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Arbor Realty Trust shares by 159.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 427,282 shares of the real estate investment trust worth $7,828,000 after purchasing an additional 262,819 shares during the period. 37.93% of the shares are held by institutional investors and hedge funds.

About Arbor Realty Trust (Get a rating)

Arbor Realty Trust, Inc invests in a diversified portfolio of structured financial assets in the multifamily, single family and commercial real estate markets in the United States. The Company operates through two segments, Structured Business and Agency Business. It invests primarily in bridge and mezzanine loans, including junior equity interests in first mortgages, preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes and various securities. related to mortgages.

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