Arbor Realty Trust, Inc. (NYSE:ABR) Declares Quarterly Dividend of $0.43

Arbor Realty Trust, Inc. (NYSE:ABR) announced a quarterly dividend on Friday, May 3rd, Zacks reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.43 per share by the real estate investment trust on Friday, May 31st. This represents a $1.72 annualized dividend and a yield of 13.34%. The ex-dividend date is Thursday, May 16th.

Arbor Realty Trust has raised its dividend by an average of 11.0% annually over the last three years and has increased its dividend every year for the last 12 years.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR traded down $0.19 during trading on Friday, reaching $12.89. 7,027,880 shares of the company’s stock traded hands, compared to its average volume of 3,577,047. The company has a debt-to-equity ratio of 3.21, a current ratio of 36.02 and a quick ratio of 36.02. The company has a 50 day moving average of $12.85 and a 200-day moving average of $13.42. Arbor Realty Trust has a 12 month low of $10.70 and a 12 month high of $17.74. The stock has a market capitalization of $2.44 billion, a P/E ratio of 7.32 and a beta of 1.96.

Analysts Set New Price Targets

A number of research firms recently weighed in on ABR. Keefe, Bruyette & Woods dropped their price objective on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating on the stock in a report on Wednesday, April 10th. TheStreet raised Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. JPMorgan Chase & Co. cut their target price on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 10th. JMP Securities cut their price objective on shares of Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 1st. Finally, Wedbush reiterated a “neutral” rating and issued a $13.00 target price (down previously from $17.00) on shares of Arbor Realty Trust in a research report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Arbor Realty Trust has an average rating of “Hold” and an average price target of $14.71.

Insiders Place Their Bets

In other news, Director William C. Green purchased 10,209 shares of Arbor Realty Trust stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average price of $12.93 per share, for a total transaction of $132,002.37. Following the transaction, the director now owns 162,809 shares in the company, valued at $2,105,120.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.70% of the company’s stock.

About Arbor Realty Trust

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 through Structured Business and Agency Business segments. 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.