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

Arbor Realty Trust (NYSE:ABR) saw some unusual options trading on Wednesday. Investors purchased 16,102 call options on the company. This represents an increase of approximately 45% compared to the average volume of 11,139 call options.

Arbor Realty Trust Trading Up 5.6%

Arbor Realty Trust stock opened at $8.85 on Thursday. Arbor Realty Trust has a 12 month low of $7.11 and a 12 month high of $12.73. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 16.09 and a beta of 1.36. The business’s fifty day simple moving average is $7.81 and its two-hundred day simple moving average is $9.61. The company has a current ratio of 394.59, a quick ratio of 287.79 and a debt-to-equity ratio of 2.41.

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 13.6%. The ex-dividend date is Tuesday, March 10th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 218.18%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in Arbor Realty Trust by 72.1% in the second quarter. Advisors Asset Management Inc. now owns 564,323 shares of the real estate investment trust’s stock worth $6,038,000 after purchasing an additional 236,514 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 131,747 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of Arbor Realty Trust by 37.8% in the 2nd quarter. Penserra Capital Management LLC now owns 130,887 shares of the real estate investment trust’s stock worth $1,400,000 after purchasing an additional 35,918 shares during the period. Marshall Wace LLP purchased a new position in shares of Arbor Realty Trust in the second quarter worth approximately $26,358,000. Finally, Norges Bank bought a new stake in Arbor Realty Trust during the second quarter valued at approximately $1,725,000. Institutional investors own 57.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Arbor Realty Trust from $7.50 to $8.00 and gave the stock an “underperform” rating in a research report on Wednesday. Wall Street Zen raised Arbor Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. JPMorgan Chase & Co. cut 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 lowered shares of Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. Finally, Piper Sandler dropped their target price on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $9.50.

About Arbor Realty Trust

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.