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

Arbor Realty Trust, Inc. (NYSE:ABR) was the recipient of unusually large options trading activity on Tuesday. Stock investors acquired 48,722 put options on the company. This represents an increase of approximately 160% compared to the average daily volume of 18,727 put options.

Arbor Realty Trust Price Performance

ABR opened at $13.51 on Thursday. The company’s 50 day simple moving average is $12.87 and its 200 day simple moving average is $13.40. The company has a debt-to-equity ratio of 3.14, a quick ratio of 36.02 and a current ratio of 36.63. Arbor Realty Trust has a 1 year low of $11.77 and a 1 year high of $17.74. The stock has a market capitalization of $2.55 billion, a PE ratio of 8.39 and a beta of 1.96.

Arbor Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.72 dividend on an annualized basis and a yield of 12.74%. Arbor Realty Trust’s dividend payout ratio (DPR) is 106.83%.

Insider Buying and Selling

In other Arbor Realty Trust news, Director William C. Green purchased 10,209 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $12.93 per share, for a total transaction of $132,002.37. Following the purchase, the director now directly owns 162,809 shares in the company, valued at $2,105,120.37. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by company insiders.

Institutional Trading of Arbor Realty Trust

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Arbor Realty Trust by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 18,880,882 shares of the real estate investment trust’s stock worth $286,612,000 after buying an additional 235,364 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Arbor Realty Trust by 16.2% in the first quarter. Wasatch Advisors LP now owns 3,490,211 shares of the real estate investment trust’s stock worth $46,245,000 after buying an additional 485,422 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Arbor Realty Trust by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,020,466 shares of the real estate investment trust’s stock worth $30,671,000 after buying an additional 96,367 shares during the last quarter. Northern Trust Corp increased its stake in shares of Arbor Realty Trust by 5.4% in the third quarter. Northern Trust Corp now owns 1,954,364 shares of the real estate investment trust’s stock worth $29,667,000 after buying an additional 100,371 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Arbor Realty Trust by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 1,494,073 shares of the real estate investment trust’s stock worth $22,680,000 after buying an additional 26,567 shares during the last quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.

Wall Street Analysts Forecast Growth

ABR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a report on Wednesday, April 10th. JPMorgan Chase & Co. cut their price target on shares of Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating for the company in a report on Wednesday, April 10th. JMP Securities cut their price target on shares of Arbor Realty Trust from $19.00 to $17.00 and set a “market outperform” rating for the company in a report on Thursday, February 1st. TheStreet upgraded shares of Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. Finally, Wedbush reiterated a “neutral” rating and issued a $13.00 price target on shares of Arbor Realty Trust in a report on Monday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.71.

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.