Arbor Realty Trust (NYSE:ABR) Plans $0.17 Quarterly Dividend

Arbor Realty Trust (NYSE:ABR) announced a quarterly dividend on Thursday, May 7th. Investors of record on Friday, May 22nd will be given a dividend of 0.17 per share by the real estate investment trust on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date is Friday, May 22nd.

Arbor Realty Trust has increased its dividend by an average of 0.0%annually over the last three years. Arbor Realty Trust has a payout ratio of 57.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Arbor Realty Trust to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 68.7%.

Arbor Realty Trust Price Performance

Arbor Realty Trust stock opened at $5.83 on Wednesday. The company’s fifty day moving average price is $7.52 and its 200 day moving average price is $8.02. Arbor Realty Trust has a 1 year low of $5.67 and a 1 year high of $12.57. The stock has a market capitalization of $1.12 billion, a P/E ratio of 14.94 and a beta of 1.24. The company has a debt-to-equity ratio of 2.71, a quick ratio of 428.41 and a current ratio of 428.41.

Arbor Realty Trust (NYSE:ABR) last released its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The company had revenue of $119.67 million during the quarter, compared to analyst estimates of $109.86 million. Arbor Realty Trust had a net margin of 12.73% and a return on equity of 8.49%. As a group, equities research analysts anticipate that Arbor Realty Trust will post 0.77 earnings per share for the current fiscal year.

Insider Transactions at Arbor Realty Trust

In other Arbor Realty Trust news, insider David Erwin Friedman sold 7,685 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $6.87, for a total transaction of $52,795.95. Following the completion of the sale, the insider owned 59,638 shares of the company’s stock, valued at $409,713.06. This trade represents a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its position in Arbor Realty Trust by 73.5% in the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,175 shares during the last quarter. Rothschild Investment LLC lifted its position in Arbor Realty Trust by 1,264.6% in the third quarter. Rothschild Investment LLC now owns 3,275 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 3,035 shares during the last quarter. Atlantic Union Bankshares Corp lifted its position in Arbor Realty Trust by 52.2% in the third quarter. Atlantic Union Bankshares Corp now owns 3,805 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,305 shares during the last quarter. Bessemer Group Inc. acquired a new position in Arbor Realty Trust in the first quarter valued at about $29,000. Finally, Quantbot Technologies LP acquired a new position in Arbor Realty Trust in the second quarter valued at about $46,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

About Arbor Realty Trust

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.