The No. 1 AI Stock of 2024 (Not Nvidia)
It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.
Financials
| Curr Year EPS Estimate | 1.89 |
| Next Quarter EPS Estimate | 0.33 |
| Profit Margin | 0.40 |
| Return on Assets | 0.03 |
| Return on Equity | 0.14 |
| Revenue | 426,576,992 |
| Earnings Per Share | 1.41 |
| Revenue Per Share | 3.75 |
| Gross Profit | 386,831,000 |
| Quarterly Revenue Growth | 0.61 |
General
| Name | Arbor Realty Trust, Inc |
| Ticker | ABR |
| Exchange | NYSE |
| Sector | Real Estate |
| Industry | REIT-Mortgage |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
| Full Time Employees | 522 |
About Arbor Realty Trust, Inc
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 in two segments, Structured Business and Agency Business. It 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 joint ventures, real estate-related notes, and various mortgage-related securities. The company offers bridge financing products to borrowers who seek short-term capital to be used in an acquisition of property; financing by making preferred equity investments in entities that directly or indirectly own real property; mezzanine financing in the form of loans that are subordinate to a conventional first mortgage loan and senior to the borrower's equity in a transaction; junior participation financing in the form of a junior participating interest in the senior debt; and financing products to borrowers who are looking to acquire conventional, workforce, and affordable single-family housing. In addition, it underwrites, originates, sells, and services multifamily mortgage loans through conduit/commercial mortgage-backed securities programs. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2003 and is headquartered in Uniondale, New York.
Dividend
Arbor Realty Trust, Inc pays out a dividend of $1.26 per share, with a dividend yield of 12.74%.
ABR's last dividend payment was made to shareholders on March 19, 2021.
They pay out 98.44% of their earnings out as a dividend.
Recent Dividends
| Mar 15, 2024 | $0.43 |
| Nov 30, 2023 | $0.43 |
| Aug 31, 2023 | $0.43 |
| May 31, 2023 | $0.42 |
| Mar 17, 2023 | $0.40 |
| Nov 30, 2022 | $0.40 |
| Aug 31, 2022 | $0.39 |
| May 31, 2022 | $0.38 |
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