Arbor Realty Trust Target of Unusually High Options Trading (NYSE:ABR)

Arbor Realty Trust (NYSE:ABR) was the recipient of unusually large options trading on Monday. Stock traders bought 16,637 put options on the stock. This represents an increase of approximately 89% compared to the average volume of 8,789 put options.

Institutional Investors Weigh In On Arbor Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in Arbor Realty Trust in the second quarter valued at about $447,944,000. State Street Corp boosted its position in Arbor Realty Trust by 0.7% during the second quarter. State Street Corp now owns 7,337,449 shares of the real estate investment trust’s stock worth $78,511,000 after acquiring an additional 54,482 shares during the last quarter. Geode Capital Management LLC boosted its position in Arbor Realty Trust by 3.0% during the second quarter. Geode Capital Management LLC now owns 4,557,182 shares of the real estate investment trust’s stock worth $48,769,000 after acquiring an additional 131,747 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Arbor Realty Trust by 6.2% in the 2nd quarter. Wasatch Advisors LP now owns 3,402,838 shares of the real estate investment trust’s stock valued at $36,410,000 after purchasing an additional 197,948 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Arbor Realty Trust by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,549,107 shares of the real estate investment trust’s stock valued at $29,952,000 after purchasing an additional 56,002 shares during the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ABR has been the topic of several analyst reports. JMP Securities decreased their price objective on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 19th. Keefe, Bruyette & Woods reduced their price target on Arbor Realty Trust from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday. Piper Sandler set a $10.00 price target on Arbor Realty Trust and gave the company an “underweight” rating in a report on Monday. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Arbor Realty Trust from $11.50 to $10.00 and set an “underweight” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arbor Realty Trust presently has an average rating of “Reduce” and an average target price of $11.00.

Arbor Realty Trust Trading Down 2.8%

ABR opened at $9.81 on Tuesday. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 10.77 and a beta of 1.37. The company has a debt-to-equity ratio of 2.06, a current ratio of 38.37 and a quick ratio of 38.37. The company’s 50 day simple moving average is $11.79 and its two-hundred day simple moving average is $11.20. Arbor Realty Trust has a 1-year low of $8.43 and a 1-year high of $15.76.

Arbor Realty Trust (NYSE:ABR) last announced its earnings results on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The firm had revenue of $27.44 million during the quarter, compared to analysts’ expectations of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. Analysts expect that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.2%. Arbor Realty Trust’s payout ratio is presently 150.00%.

About Arbor Realty Trust

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.