With 49 cents of core FFO as of 3/31 (with full dilution of new shares) and 130M of new loan originations in just april alone, a dividend increase to .52/year by Aug. seems certain. That brings a yield of 7.7% . I also suspect an additional divi increase to .56/year by year end. That would bring the yield up to 8.4 % at current prices.
One never knows where the bottom will be. Buy when the price gives you great value as it does now, IMO.
My guess is that the stock weakness is due to the general sell off of reits and the new 11+ million shares that Abr brought to the market within the last 6 months. I plan to continue my buying as I see no change in the fundamentals.
Market is going overboard with all the mortgage REITs the past couple days.
There are many out there which are way more leveraged than ABR carrying unjustified valuations and have less capable management teams. I bought more today and will be picking up additional shares should it continue lower.