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

Arbor Realty Trust, Inc. (NYSE:ABR) was the target of unusually large options trading on Thursday. Stock traders acquired 30,722 put options on the stock. This represents an increase of approximately 152% compared to the typical volume of 12,200 put options.

Analyst Ratings Changes

ABR has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Arbor Realty Trust from $13.50 to $12.50 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Raymond James downgraded Arbor Realty Trust from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, Keefe, Bruyette & Woods lowered their target price on Arbor Realty Trust from $13.50 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Arbor Realty Trust currently has a consensus rating of “Hold” and an average target price of $13.75.

Insiders Place Their Bets

In other Arbor Realty Trust news, Director William C. Green purchased 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 directly owns 178,797 shares of the company’s stock, valued at $2,533,553.49. The trade was a 3.04 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Raymond James Trust N.A. grew its position in Arbor Realty Trust by 3.0% in the 3rd quarter. Raymond James Trust N.A. now owns 23,769 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 698 shares during the period. Glenmede Trust Co. NA boosted its position in Arbor Realty Trust by 33.1% in the third quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 701 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Arbor Realty Trust by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 18,676 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 774 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Arbor Realty Trust by 5.0% in the 4th quarter. Natixis Advisors LLC now owns 16,728 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 797 shares during the period. Finally, Principal Securities Inc. grew its position in Arbor Realty Trust by 10.0% during the fourth quarter. Principal Securities Inc. now owns 9,062 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 825 shares during the period. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Stock Down 0.0 %

Arbor Realty Trust stock traded down $0.01 during mid-day trading on Thursday, hitting $12.26. The company had a trading volume of 1,869,818 shares, compared to its average volume of 3,289,586. Arbor Realty Trust has a 12 month low of $11.43 and a 12 month high of $15.94. The company has a current ratio of 37.49, a quick ratio of 35.68 and a debt-to-equity ratio of 2.41. The stock’s 50 day moving average price is $13.52 and its two-hundred day moving average price is $14.17. The company has a market capitalization of $2.31 billion, a PE ratio of 10.30 and a beta of 2.03.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data 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). Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. The firm had revenue of $262.87 million for the quarter, compared to analysts’ expectations of $88.92 million. As a group, sell-side analysts anticipate that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 14.04%. The ex-dividend date of this dividend is Friday, March 7th. Arbor Realty Trust’s payout ratio is 144.54%.

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.