Investors Purchase Large Volume of Put Options on Arbor Realty Trust (NYSE:ABR)

Arbor Realty Trust, Inc. (NYSE:ABR) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 67,458 put options on the company. This represents an increase of 457% compared to the typical volume of 12,115 put options.

Institutional Investors Weigh In On Arbor Realty Trust

Several hedge funds have recently made changes to their positions in ABR. Dunhill Financial LLC bought a new stake in shares of Arbor Realty Trust in the fourth quarter valued at about $29,000. Smallwood Wealth Investment Management LLC bought a new position in Arbor Realty Trust during the first quarter worth about $31,000. Smartleaf Asset Management LLC lifted its stake in Arbor Realty Trust by 280.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,624 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 1,934 shares during the period. Bernard Wealth Management Corp. bought a new position in Arbor Realty Trust during the fourth quarter worth about $36,000. Finally, GAMMA Investing LLC lifted its stake in Arbor Realty Trust by 223.0% during the first quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 2,308 shares during the period. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Trading Down 9.2%

Arbor Realty Trust stock opened at $9.09 on Thursday. The company has a debt-to-equity ratio of 2.41, a current ratio of 37.49 and a quick ratio of 35.68. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 7.63 and a beta of 1.50. Arbor Realty Trust has a one year low of $9.00 and a one year high of $15.94. The company’s fifty day moving average price is $11.11 and its two-hundred day moving average price is $12.84.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, February 21st. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $262.87 million for the quarter, compared to analyst estimates of $88.92 million. Arbor Realty Trust had a return on equity of 14.75% and a net margin of 22.66%. On average, analysts forecast that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 13.21%. Arbor Realty Trust’s dividend payout ratio is currently 115.38%.

Analysts Set New Price Targets

Several research firms have issued reports on ABR. Raymond James cut Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. JPMorgan Chase & Co. dropped their price target on Arbor Realty Trust from $10.50 to $10.00 and set an “underweight” rating on the stock in a report on Monday, May 5th. Finally, Keefe, Bruyette & Woods dropped their price target on Arbor Realty Trust from $11.75 to $11.00 and set a “market perform” rating on the stock in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.20.

Arbor Realty Trust Company Profile

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.