Stock Traders Buy Large Volume of Put Options on Arbor Realty Trust (NYSE:ABR)

Arbor Realty Trust (NYSE:ABR) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 25,074 put options on the company. This is an increase of 141% compared to the typical volume of 10,389 put options.

Wall Street Analysts Forecast Growth

ABR has been the topic of a number of research analyst reports. Piper Sandler set a $10.00 price target on shares of Arbor Realty Trust and gave the company an “underweight” rating in a research note on Monday, November 3rd. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $8.50 target price (down previously from $11.00) on shares of Arbor Realty Trust in a report on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of Arbor Realty Trust in a research report on Monday. Wall Street Zen lowered Arbor Realty Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Finally, JMP Securities dropped their price objective on Arbor Realty Trust from $13.50 to $13.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $10.13.

Insider Transactions at Arbor Realty Trust

In related news, CEO Ivan Kaufman bought 29,000 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were bought at an average price 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 of the company’s stock, valued at $450,360. This represents a 116.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

Several institutional investors have recently modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new position in shares of Arbor Realty Trust during the second quarter worth $27,000. HM Payson & Co. acquired a new stake in Arbor Realty Trust in the third quarter valued at $31,000. Allworth Financial LP lifted its holdings in Arbor Realty Trust by 77.8% during the 2nd quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,130 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Arbor Realty Trust by 73.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,175 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Arbor Realty Trust in the 2nd quarter valued at about $32,000. 57.25% of the stock is owned by hedge funds and other institutional investors.

Arbor Realty Trust Stock Down 1.5%

NYSE ABR traded down $0.13 during trading hours on Wednesday, hitting $8.25. 2,800,937 shares of the company were exchanged, compared to its average volume of 3,269,667. The company has a quick ratio of 287.79, a current ratio of 287.79 and a debt-to-equity ratio of 2.51. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 10.29 and a beta of 1.38. The company has a 50 day moving average of $9.92 and a two-hundred day moving average of $10.85. Arbor Realty Trust has a 52-week low of $8.18 and a 52-week high of $14.36.

Arbor Realty Trust (NYSE:ABR) last announced its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07. Arbor Realty Trust had a return on equity of 11.63% and a net margin of 20.07%.The business had revenue of $162.49 million during the quarter, compared to the consensus estimate of $72.26 million. Equities research analysts anticipate that Arbor Realty Trust will post 1.65 earnings per share for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 14.5%. Arbor Realty Trust’s dividend payout ratio is currently 150.00%.

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.