Arbor Realty Trust Sees Unusually Large Options Volume (NYSE:ABR)

Arbor Realty Trust (NYSE:ABR) was the target of unusually large options trading on Wednesday. Traders bought 25,074 put options on the stock. This represents an increase of 141% compared to the typical volume of 10,389 put options.

Insiders Place Their Bets

In other Arbor Realty Trust news, CEO Ivan Kaufman purchased 29,000 shares of the stock in a transaction on Monday, November 17th. The shares were purchased at an average price of $8.34 per share, with a total value of $241,860.00. Following the acquisition, the chief executive officer directly owned 54,000 shares in the company, valued at approximately $450,360. The trade was a 116.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is owned by corporate insiders.

Institutional Trading of Arbor Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Arbor Realty Trust during the second quarter valued at approximately $447,944,000. State Street Corp raised its holdings in Arbor Realty Trust by 0.7% during the 2nd quarter. State Street Corp now owns 7,337,449 shares of the real estate investment trust’s stock valued at $78,511,000 after buying 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 2nd quarter. Geode Capital Management LLC now owns 4,557,182 shares of the real estate investment trust’s stock valued at $48,769,000 after buying an additional 131,747 shares during the period. Wasatch Advisors LP boosted its position in Arbor Realty Trust by 19.2% during the 3rd quarter. Wasatch Advisors LP now owns 4,057,421 shares of the real estate investment trust’s stock valued at $49,541,000 after buying an additional 654,583 shares during the period. Finally, Marshall Wace LLP grew its holdings in Arbor Realty Trust by 22.2% in the 3rd quarter. Marshall Wace LLP now owns 3,009,669 shares of the real estate investment trust’s stock worth $36,748,000 after acquiring an additional 546,274 shares during the last quarter. Institutional investors own 57.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ABR. Wall Street Zen cut shares of Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. JPMorgan Chase & Co. decreased their price target on shares of Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Thursday, December 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Arbor Realty Trust in a research report on Monday. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $8.50 target price (down from $11.00) on shares of Arbor Realty Trust in a research report on Monday. Finally, Piper Sandler set a $10.00 target price on Arbor Realty Trust and gave the company an “underweight” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $10.13.

Arbor Realty Trust Stock Performance

Arbor Realty Trust stock opened at $8.26 on Thursday. The firm has a fifty day simple moving average of $9.84 and a two-hundred day simple moving average of $10.83. The company has a quick ratio of 287.79, a current ratio of 287.79 and a debt-to-equity ratio of 2.51. Arbor Realty Trust has a twelve month low of $8.18 and a twelve month high of $14.36. The company has a market capitalization of $1.62 billion, a PE ratio of 10.32 and a beta of 1.38.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. Arbor Realty Trust had a return on equity of 11.63% and a net margin of 20.07%.The firm had revenue of $162.49 million for the quarter, compared to analysts’ expectations of $72.26 million. Research analysts expect that Arbor Realty Trust will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 14.5%. The ex-dividend date of this dividend was Friday, November 14th. Arbor Realty Trust’s payout ratio is 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.