Stock Traders Buy High Volume of Arbor Realty Trust Call Options (NYSE:ABR)

Arbor Realty Trust, Inc. (NYSE:ABR) was the recipient of some unusual options trading on Thursday. Stock investors bought 30,686 call options on the company. This represents an increase of approximately 166% compared to the average volume of 11,518 call options.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Raymond James lifted their target price on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Keefe, Bruyette & Woods reduced their price objective on shares of Arbor Realty Trust from $14.25 to $13.50 and set a “market perform” rating for the company in a research note on Tuesday. JMP Securities upped 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 report on Friday, September 27th. Finally, JPMorgan Chase & Co. raised their target price 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 research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.17.

Arbor Realty Trust Stock Performance

ABR traded down $0.11 during midday trading on Thursday, reaching $13.53. The company’s stock had a trading volume of 852,245 shares, compared to its average volume of 2,213,214. Arbor Realty Trust has a twelve month low of $11.92 and a twelve month high of $15.94. The stock has a market cap of $2.55 billion, a P/E ratio of 10.02 and a beta of 2.04. The company has a fifty day simple moving average of $14.26 and a 200 day simple moving average of $14.25. 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 announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 12.72%. The ex-dividend date was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 127.41%.

Insider Buying and Selling at Arbor Realty Trust

In other news, Director William C. Green purchased 5,269 shares of Arbor Realty Trust stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the acquisition, the director now directly owns 178,797 shares in the company, valued at $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Arbor Realty Trust

Hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Arbor Realty Trust by 52.3% in 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 buying an additional 100,055 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Arbor Realty Trust in the 3rd quarter worth approximately $1,443,000. Pathstone Holdings LLC grew its holdings in shares of Arbor Realty Trust by 42.0% during the 3rd quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock worth $2,057,000 after purchasing an additional 39,072 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Arbor Realty Trust in the third quarter valued at $820,000. Finally, Geode Capital Management LLC lifted its position in Arbor Realty Trust by 1.1% in 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 purchasing an additional 45,370 shares during the period. 57.25% of the stock is owned by 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.