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

Arbor Realty Trust, Inc. (NYSE:ABR) was the recipient of unusually large options trading on Wednesday. Traders acquired 32,087 put options on the stock. This represents an increase of approximately 198% compared to the typical volume of 10,763 put options.

Wall Street Analysts Forecast Growth

ABR has been the subject of a number of research reports. JMP Securities boosted their price objective on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, September 27th. 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. Finally, JPMorgan Chase & Co. boosted their price objective on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Arbor Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $14.25.

Insider Buying and Selling

In other Arbor Realty Trust news, Director William C. Green bought 5,269 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the purchase, the director now directly owns 178,797 shares in the company, valued at $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is owned by company insiders.

Institutional Trading of Arbor Realty Trust

Several large investors have recently bought and sold shares of ABR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Arbor Realty Trust by 52.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust’s stock valued at $4,535,000 after acquiring an additional 100,055 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Arbor Realty Trust during the third quarter valued at $1,443,000. Pathstone Holdings LLC boosted its stake in shares of Arbor Realty Trust by 42.0% during the third quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock valued at $2,057,000 after acquiring an additional 39,072 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Arbor Realty Trust during the third quarter valued at $820,000. Finally, Geode Capital Management LLC lifted its position in Arbor Realty Trust by 1.1% during the third quarter. Geode Capital Management LLC now owns 4,298,957 shares of the real estate investment trust’s stock worth $66,905,000 after buying an additional 45,370 shares during the period. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Trading Down 1.0 %

Shares of ABR stock opened at $13.51 on Thursday. The business’s fifty day moving average price is $14.41 and its 200 day moving average price is $14.28. Arbor Realty Trust has a 1-year low of $11.92 and a 1-year high of $15.94. The firm has a market capitalization of $2.55 billion, a PE ratio of 10.01 and a beta of 2.04. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68.

Arbor Realty Trust Announces Dividend

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

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.