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

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

Wall Street Analysts Forecast Growth

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

Arbor Realty Trust Stock Down 1.6 %

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

Arbor Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, November 15th. This represents a $1.72 annualized dividend and a dividend yield of 12.82%. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 127.41%.

Insider Activity at Arbor Realty Trust

In other news, Director William C. Green bought 5,269 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were acquired at an average cost of $14.17 per share, with a total value of $74,661.73. Following the completion of the transaction, the director now owns 178,797 shares of the company’s stock, valued at approximately $2,533,553.49. This trade represents a 3.04 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Arbor Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABR. GAMMA Investing LLC increased its stake in shares of Arbor Realty Trust by 75.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 688 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Arbor Realty Trust in the 3rd quarter valued at $38,000. Glenmede Trust Co. NA increased its position in Arbor Realty Trust by 33.1% during 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. KBC Group NV grew its holdings in shares of Arbor Realty Trust by 39.1% during the 3rd quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 1,796 shares during the period. Finally, Prospera Private Wealth LLC purchased a new position in shares of Arbor Realty Trust during the 3rd quarter worth approximately $102,000. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

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.