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

Arbor Realty Trust, Inc. (NYSE:ABRGet Free Report) was the target of unusually large options trading activity on Monday. Traders acquired 35,004 call options on the stock. This is an increase of approximately 72% compared to the typical volume of 20,298 call options.

Insider Buying and Selling

In related news, Director William C. Green bought 10,209 shares of the stock in a transaction on Monday, March 18th. The shares were purchased at an average price of $12.93 per share, with a total value of $132,002.37. Following the purchase, the director now owns 162,809 shares in the company, valued at $2,105,120.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

Several institutional investors have recently made changes to their positions in ABR. Westside Investment Management Inc. bought a new position in Arbor Realty Trust in the 1st quarter worth $27,000. Cape Investment Advisory Inc. increased its stake in shares of Arbor Realty Trust by 671.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 2,315 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 2,015 shares during the period. ICA Group Wealth Management LLC bought a new position in shares of Arbor Realty Trust in the fourth quarter worth about $35,000. Sound Income Strategies LLC lifted its position in shares of Arbor Realty Trust by 322.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,347 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 1,791 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in Arbor Realty Trust in the 4th quarter valued at approximately $38,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Up 10.5 %

Shares of Arbor Realty Trust stock opened at $15.10 on Wednesday. Arbor Realty Trust has a 1 year low of $11.77 and a 1 year high of $17.74. The company has a market cap of $2.85 billion, a P/E ratio of 9.38 and a beta of 1.96. The company has a current ratio of 36.63, a quick ratio of 36.63 and a debt-to-equity ratio of 3.14. The stock has a 50-day moving average price of $12.93 and a 200 day moving average price of $13.41.

Arbor Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.43 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.72 dividend on an annualized basis and a yield of 11.39%. Arbor Realty Trust’s dividend payout ratio (DPR) is currently 106.83%.

Analysts Set New Price Targets

Several brokerages recently weighed in on ABR. Keefe, Bruyette & Woods decreased their target price on Arbor Realty Trust from $13.50 to $13.25 and set a “market perform” rating for the company in a research note on Wednesday, April 10th. JMP Securities reduced their target price 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 raised Arbor Realty Trust from a “d+” rating to a “c” rating in a report on Monday, March 18th. JPMorgan Chase & Co. decreased their target price on Arbor Realty Trust from $12.50 to $12.00 and set an “underweight” rating on the stock in a report on Wednesday, April 10th. Finally, Wedbush reiterated a “neutral” rating and issued a $13.00 price target on shares of Arbor Realty Trust in a research report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.71.

View Our Latest Stock Analysis on Arbor Realty Trust

About Arbor Realty Trust

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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.

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