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

Arbor Realty Trust (NYSE:ABR) was the target of some unusual options trading on Thursday. Investors bought 3,976 call options on the stock. This is an increase of approximately 65% compared to the typical volume of 2,410 call options.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Piper Sandler cut their price objective on Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating for the company in a report on Monday, August 3rd. Weiss Ratings cut Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods lowered their target price on Arbor Realty Trust from $5.50 to $5.00 and set an “underperform” rating for the company in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised 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 research note on Friday, July 17th. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $6.00.

Arbor Realty Trust Stock Performance

NYSE ABR opened at $3.71 on Friday. Arbor Realty Trust has a 1 year low of $3.63 and a 1 year high of $12.57. The firm has a market capitalization of $691.20 million, a P/E ratio of 52.93 and a beta of 1.22. The firm’s fifty day moving average price is $4.86 and its two-hundred day moving average price is $5.82. The company has a current ratio of 478.85, a quick ratio of 478.85 and a debt-to-equity ratio of 2.33.

Arbor Realty Trust (NYSE:ABR) last issued its earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, topping 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 the consensus estimate of $107.75 million. As a group, research analysts anticipate that Arbor Realty Trust will post 0.23 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 18.4%. The ex-dividend date of this dividend was Friday, August 14th. Arbor Realty Trust’s dividend payout ratio is currently 971.43%.

Insiders Place Their Bets

In related news, Director William Green purchased 25,951 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was bought at an average price of $5.07 per share, for a total transaction of $131,571.57. Following the purchase, the director owned 231,369 shares in the company, valued at $1,173,040.83. The trade was a 12.63% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arbor Realty Trust

A number of hedge funds have recently bought and sold shares of the business. Legal & General Group Plc acquired a new stake in Arbor Realty Trust during the second quarter worth approximately $2,326,000. Deutsche Bank AG bought a new stake in shares of Arbor Realty Trust during the 2nd quarter valued at $1,122,000. Bank of America Corp DE acquired a new stake in shares of Arbor Realty Trust during the 2nd quarter worth $1,892,000. BlackRock Inc. bought a new position in shares of Arbor Realty Trust in the second quarter worth $143,448,000. Finally, First Trust Advisors LP raised its stake in Arbor Realty Trust by 124.9% in the first quarter. First Trust Advisors LP now owns 550,735 shares of the real estate investment trust’s stock valued at $4,246,000 after purchasing an additional 305,844 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that specializes in financing and investing in commercial real estate. The company focuses primarily on the multifamily housing sector, providing capital to property owners, operators and developers through a range of lending and investment programs.

Its business activities include originating bridge and structured loans, acquiring or investing in mortgage-related assets, and providing mezzanine loans and preferred equity investments.