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

Arbor Realty Trust (NYSE:ABR) was the target of unusually large options trading on Monday. Investors purchased 16,637 put options on the company. This is an increase of 89% compared to the typical daily volume of 8,789 put options.

Hedge Funds Weigh In On Arbor Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in ABR. GAMMA Investing LLC boosted its position in shares of Arbor Realty Trust by 223.0% during the first quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 2,308 shares during the period. Teacher Retirement System of Texas acquired a new stake in Arbor Realty Trust in the first quarter worth approximately $324,000. Principal Financial Group Inc. lifted its position in Arbor Realty Trust by 2.7% in the first quarter. Principal Financial Group Inc. now owns 938,911 shares of the real estate investment trust’s stock worth $11,032,000 after purchasing an additional 24,428 shares during the period. Penserra Capital Management LLC lifted its position in Arbor Realty Trust by 13.1% in the first quarter. Penserra Capital Management LLC now owns 94,969 shares of the real estate investment trust’s stock worth $1,115,000 after purchasing an additional 11,004 shares during the period. Finally, Cerity Partners LLC lifted its position in Arbor Realty Trust by 86.4% in the first quarter. Cerity Partners LLC now owns 20,871 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 9,675 shares during the period. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Performance

Shares of NYSE:ABR traded down $0.29 during trading on Monday, hitting $9.81. 7,737,990 shares of the company traded hands, compared to its average volume of 3,248,508. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 10.77 and a beta of 1.37. The business’s fifty day moving average is $11.83 and its 200-day moving average is $11.20. Arbor Realty Trust has a one year low of $8.43 and a one year high of $15.76. The company has a quick ratio of 38.37, a current ratio of 38.37 and a debt-to-equity ratio of 2.06.

Arbor Realty Trust (NYSE:ABR) last posted its earnings results on Friday, August 1st. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $27.44 million for the quarter, compared to the consensus estimate of $76.99 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. As a group, equities analysts predict that Arbor Realty Trust will post 1.65 earnings per share for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 12.2%. Arbor Realty Trust’s payout ratio is currently 150.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ABR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arbor Realty Trust in a research report on Tuesday, October 14th. JMP Securities decreased their price target 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. Zacks Research upgraded Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Wall Street Zen downgraded Arbor Realty Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Finally, Keefe, Bruyette & Woods decreased their price target on Arbor Realty Trust from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Arbor Realty Trust currently has a consensus rating of “Reduce” and an average price target of $11.00.

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.