Arbor Realty Trust Sees Unusually High Options Volume (NYSE:ABR)

Arbor Realty Trust (NYSE:ABR) was the recipient of some unusual options trading on Thursday. Stock traders acquired 3,976 call options on the stock. This is an increase of 65% compared to the average daily volume of 2,410 call options.

Insider Transactions at Arbor Realty Trust

In other news, Director William Green acquired 25,951 shares of Arbor Realty Trust stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average cost of $5.07 per share, with a total value of $131,571.57. Following the completion of the acquisition, the director owned 231,369 shares in the company, valued at $1,173,040.83. This trade represents a 12.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Amundi increased its stake in Arbor Realty Trust by 225.7% in the second quarter. Amundi now owns 32,825 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 22,748 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Arbor Realty Trust in the 2nd quarter worth about $60,000. Two Sigma Securities LLC purchased a new stake in Arbor Realty Trust in the 2nd quarter valued at about $138,000. Beacon Pointe Advisors LLC acquired a new position in shares of Arbor Realty Trust during the 2nd quarter valued at about $280,000. Finally, Strait & Sound Wealth Management LLC acquired a new position in shares of Arbor Realty Trust during the 2nd quarter valued at about $71,000. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ABR. Weiss Ratings downgraded Arbor Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Piper Sandler dropped their target price on shares of Arbor Realty Trust from $5.50 to $5.00 and set an “underweight” rating for the company in a report on Monday, August 3rd. Citizens Jmp restated a “market perform” rating on shares of Arbor Realty Trust in a research report on Tuesday. JPMorgan Chase & Co. raised shares of Arbor Realty Trust from an “underweight” rating to a “neutral” rating and reduced their price target for the company from $7.00 to $5.50 in a report on Friday, July 17th. Finally, Zacks Research raised shares of Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $6.00.

Arbor Realty Trust Trading Down 4.0%

NYSE:ABR traded down $0.15 on Thursday, reaching $3.71. The stock had a trading volume of 3,799,376 shares, compared to its average volume of 4,175,190. The company has a market cap of $691.39 million, a price-to-earnings ratio of 53.07 and a beta of 1.15. The company has a debt-to-equity ratio of 2.33, a current ratio of 478.85 and a quick ratio of 478.85. The firm’s fifty day moving average is $4.89 and its two-hundred day moving average is $5.84. Arbor Realty Trust has a 12-month low of $3.63 and a 12-month high of $12.57.

Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $117.83 million during the quarter, compared to the consensus estimate of $107.75 million. Arbor Realty Trust had a net margin of 6.24% and a return on equity of 7.38%. Equities analysts expect that Arbor Realty Trust will post 0.23 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 18.3%. The ex-dividend date of this dividend was Friday, August 14th. Arbor Realty Trust’s payout ratio is presently 971.43%.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc is a real estate investment trust that specializes in financing and investing in commercial real estate. The company focuses primarily on the multifamily housing sector, providing capital to property owners, operators and developers through a range of lending and investment programs.

Its business activities include originating bridge and structured loans, acquiring or investing in mortgage-related assets, and providing mezzanine loans and preferred equity investments.