Stock Traders Purchase High Volume of Put Options on Arbor Realty Trust (NYSE:ABR)

Arbor Realty Trust (NYSE:ABR) saw unusually large options trading on Friday. Stock traders bought 23,912 put options on the company. This is an increase of approximately 813% compared to the average volume of 2,618 put options.

Insider Activity at Arbor Realty Trust

In related news, Director William Green purchased 25,951 shares of the business’s stock in a transaction on Monday, August 31st. The shares were purchased at an average price of $5.07 per share, with a total value of $131,571.57. Following the completion of the purchase, the director owned 231,369 shares in the company, valued at $1,173,040.83. This represents a 12.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Arbor Realty Trust

Institutional investors have recently modified their holdings of the stock. NFSG Corp lifted its position in shares of Arbor Realty Trust by 10.0% during the 1st quarter. NFSG Corp now owns 17,025 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 1,553 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of Arbor Realty Trust in the 1st quarter valued at $29,000. D.A. Davidson & CO. boosted its holdings in shares of Arbor Realty Trust by 7.7% during the 1st quarter. D.A. Davidson & CO. now owns 69,574 shares of the real estate investment trust’s stock valued at $536,000 after acquiring an additional 4,952 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Arbor Realty Trust by 57.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,654 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 5,734 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its position in Arbor Realty Trust by 21.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 35,719 shares of the real estate investment trust’s stock worth $275,000 after acquiring an additional 6,290 shares during the last quarter. 57.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings cut Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Piper Sandler cut their price target on Arbor Realty Trust from $5.00 to $3.50 and set an “underweight” rating on the stock in a report on Friday. Citizens Jmp reaffirmed a “market perform” rating on shares of Arbor Realty Trust in a research report on Tuesday, September 29th. JPMorgan Chase & Co. upgraded Arbor Realty Trust from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $7.00 to $5.50 in a report on Friday, July 17th. Finally, Keefe, Bruyette & Woods cut their target price on Arbor Realty Trust from $5.00 to $3.00 and set an “underperform” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $5.12.

Arbor Realty Trust Stock Down 7.3%

Shares of ABR stock opened at $2.87 on Friday. The firm’s fifty day moving average price is $4.65 and its two-hundred day moving average price is $5.64. Arbor Realty Trust has a 1 year low of $2.78 and a 1 year high of $12.18. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $534.49 million, a P/E ratio of 40.93 and a beta of 1.22.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. Arbor Realty Trust had a return on equity of 7.38% and a net margin of 6.24%. The company had revenue of $117.83 million during the quarter, compared to analysts’ expectations of $107.75 million. On average, equities analysts predict that Arbor Realty Trust will post 0.23 EPS for the current fiscal year.

Arbor Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 23.7%. Arbor Realty Trust’s payout ratio is presently 971.43%.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that provides financing for multifamily and other commercial real estate properties. The company originates, acquires, and invests in a range of structured finance products, including bridge loans, mezzanine loans, preferred equity investments, and other real estate-related debt investments.

Through its lending platforms and subsidiaries, Arbor Realty Trust also provides agency lending services for multifamily properties. These activities include originating and servicing loans through programs associated with Fannie Mae, Freddie Mac, and the U.S.