Arbor Realty Trust Announces Quarterly Dividend of $0.13 (ABR)
Arbor Realty Trust (NYSE:ABR) announced a quarterly dividend on Friday, August 1st, Stock Ratings Network reports. Investors of record on Friday, August 15th will be paid a dividend of 0.13 per share on Tuesday, September 2nd. This represents a $0.52 annualized dividend and a dividend yield of 7.36%. The ex-dividend date is Wednesday, August 13th.
ABR has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods initiated coverage on shares of Arbor Realty Trust in a research note on Monday. They set a “market perform” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of Arbor Realty Trust from a “neutral” rating to an “outperform” rating in a research note on Monday, June 30th. They now have a $7.80 price target on the stock. Finally, analysts at MLV & Co
initiated coverage on shares of Arbor Realty Trust in a research note on Wednesday, June 11th. They set a “buy” rating and a $9.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Arbor Realty Trust has an average rating of “Hold” and a consensus target price of $8.68.
Arbor Realty Trust (NYSE:ABR) traded down 0.57% on Friday, hitting $7.03. 22,035 shares of the company’s stock traded hands. Arbor Realty Trust has a 1-year low of $6.26 and a 1-year high of $7.65. The stock has a 50-day moving average of $7.01 and a 200-day moving average of $6.97. The company has a market cap of $352.5 million and a P/E ratio of 20.55.
Arbor Realty Trust (NYSE:ABR) last announced its earnings results on Friday, August 1st. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.13. Analysts expect that Arbor Realty Trust will post $0.53 EPS for the current fiscal year.
Arbor Realty Trust, Inc is a specialized real estate finance company. The Company invests in a diversified portfolio of structured finance assets in the multi-family and commercial real estate markets.
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