Traders Buy Large Volume of Put Options on Arbor Realty Trust (NYSE:ABR)

Arbor Realty Trust, Inc. (NYSE:ABR) saw some unusual options trading activity on Wednesday. Stock traders bought 32,087 put options on the company. This represents an increase of 198% compared to the typical volume of 10,763 put options.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research report on Thursday, October 17th. Raymond James upped their target price on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Finally, JMP Securities boosted their target price on Arbor Realty Trust from $16.00 to $16.50 and gave the stock a “market outperform” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Arbor Realty Trust has a consensus rating of “Hold” and a consensus target price of $14.25.

Insider Activity

In other Arbor Realty Trust news, Director William C. Green acquired 5,269 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $14.17 per share, with a total value of $74,661.73. Following the completion of the purchase, the director now owns 178,797 shares of the company’s stock, valued at approximately $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arbor Realty Trust

A number of large investors have recently modified their holdings of ABR. Capital Market Strategies LLC lifted its holdings in Arbor Realty Trust by 16.2% in the fourth quarter. Capital Market Strategies LLC now owns 17,977 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 2,500 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Arbor Realty Trust by 44.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 23,228 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 7,156 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Arbor Realty Trust by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 82,613 shares of the real estate investment trust’s stock valued at $1,259,000 after buying an additional 2,636 shares in the last quarter. Synovus Financial Corp purchased a new position in shares of Arbor Realty Trust during the third quarter valued at approximately $305,000. Finally, Sfmg LLC boosted its position in shares of Arbor Realty Trust by 25.6% during the third quarter. Sfmg LLC now owns 17,509 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 3,569 shares during the last quarter. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Trading Down 1.6 %

Shares of ABR stock traded down $0.22 during mid-day trading on Wednesday, reaching $13.42. The stock had a trading volume of 768,224 shares, compared to its average volume of 1,783,304. The company has a current ratio of 35.68, a quick ratio of 35.68 and a debt-to-equity ratio of 2.67. The stock’s 50-day moving average price is $14.44 and its two-hundred day moving average price is $14.29. The firm has a market capitalization of $2.53 billion, a PE ratio of 9.94 and a beta of 2.04. Arbor Realty Trust has a 52-week low of $11.92 and a 52-week high of $15.94.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 12.82%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s payout ratio is 127.41%.

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.