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

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

Analysts Set New Price Targets

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

Insider Activity at Arbor Realty Trust

In related news, Director William C. Green purchased 5,269 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of $14.17 per share, with a total value of $74,661.73. Following the purchase, the director now owns 178,797 shares of the company’s stock, valued at $2,533,553.49. The trade was a 3.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of Arbor Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Market Strategies LLC grew its position in Arbor Realty Trust by 16.2% in the 4th quarter. Capital Market Strategies LLC now owns 17,977 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 2,500 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Arbor Realty Trust by 44.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 23,228 shares of the real estate investment trust’s stock valued at $354,000 after acquiring an additional 7,156 shares in the last quarter. Franklin Resources Inc. grew its position in Arbor Realty Trust by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 82,613 shares of the real estate investment trust’s stock valued at $1,259,000 after acquiring an additional 2,636 shares in the last quarter. Synovus Financial Corp acquired a new position in Arbor Realty Trust in the 3rd quarter valued at about $305,000. Finally, Sfmg LLC grew its position in shares of Arbor Realty Trust by 25.6% during the third quarter. Sfmg LLC now owns 17,509 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 3,569 shares in the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.

Arbor Realty Trust Stock Down 1.0 %

Shares of ABR opened at $13.51 on Thursday. The firm has a market cap of $2.55 billion, a P/E ratio of 10.01 and a beta of 2.04. Arbor Realty Trust has a 12-month low of $11.92 and a 12-month high of $15.94. The company’s 50-day moving average price is $14.41 and its 200 day moving average price is $14.28. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.43 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.72 annualized dividend and a yield of 12.73%. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 127.41%.

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.