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

Arbor Realty Trust (NYSE:ABR) was the target of unusually large options trading activity on Wednesday. Investors purchased 18,550 call options on the company. This is an increase of approximately 93% compared to the typical daily volume of 9,589 call options.

Insider Buying and Selling at Arbor Realty Trust

In other news, CEO Ivan Kaufman bought 29,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average cost of $8.34 per share, with a total value of $241,860.00. Following the completion of the transaction, the chief executive officer directly owned 54,000 shares in the company, valued at $450,360. This represents a 116.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new position in shares of Arbor Realty Trust during the 2nd quarter worth $27,000. Allworth Financial LP grew its stake in Arbor Realty Trust by 77.8% in the second quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,130 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Arbor Realty Trust by 73.5% during the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,175 shares during the period. HM Payson & Co. bought a new position in shares of Arbor Realty Trust during the 3rd quarter worth approximately $31,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Arbor Realty Trust in the 2nd quarter valued at approximately $32,000. Institutional investors own 57.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ABR shares. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Keefe, Bruyette & Woods cut their target price on shares of Arbor Realty Trust from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. JPMorgan Chase & Co. lowered their target price on Arbor Realty Trust from $11.50 to $10.00 and set an “underweight” rating for the company in a report on Monday, November 3rd. Wall Street Zen lowered Arbor Realty Trust from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Finally, JMP Securities dropped their price target on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust presently has an average rating of “Reduce” and a consensus price target of $11.00.

Arbor Realty Trust Stock Up 2.4%

NYSE ABR traded up $0.21 during mid-day trading on Wednesday, hitting $8.74. The company’s stock had a trading volume of 1,569,755 shares, compared to its average volume of 3,289,973. The company has a current ratio of 38.37, a quick ratio of 38.37 and a debt-to-equity ratio of 2.06. The company’s 50 day simple moving average is $11.18 and its 200 day simple moving average is $11.03. Arbor Realty Trust has a twelve month low of $8.18 and a twelve month high of $15.05. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 9.59 and a beta of 1.38.

Arbor Realty Trust (NYSE:ABR) last released its earnings results on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. The firm had revenue of $162.49 million during the quarter, compared to the consensus estimate of $72.26 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. Analysts anticipate that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 13.7%. Arbor Realty Trust’s payout ratio is currently 150.00%.

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.