Traders Purchase High Volume of Arbor Realty Trust Put Options (NYSE:ABR)

Arbor Realty Trust (NYSE:ABR) was the target of unusually large options trading on Wednesday. Traders purchased 14,060 put options on the company. This is an increase of approximately 18% compared to the typical daily volume of 11,891 put options.

Analyst Ratings Changes

A number of research analysts have commented on ABR shares. JPMorgan Chase & Co. cut their target price on shares of Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Thursday, December 4th. Wall Street Zen raised shares of Arbor Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Piper Sandler lowered their target price on Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, December 22nd. Zacks Research raised Arbor Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Weiss Ratings lowered Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Arbor Realty Trust currently has a consensus rating of “Reduce” and a consensus target price of $9.50.

Institutional Investors Weigh In On Arbor Realty Trust

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in Arbor Realty Trust by 3.5% in the 1st quarter. Royal Bank of Canada now owns 132,181 shares of the real estate investment trust’s stock worth $1,553,000 after acquiring an additional 4,470 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Arbor Realty Trust by 25,163.2% during the 1st quarter. Jones Financial Companies Lllp now owns 4,800 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 4,781 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Arbor Realty Trust in the first quarter valued at about $145,000. Focus Partners Wealth acquired a new position in shares of Arbor Realty Trust in the first quarter valued at about $161,000. Finally, Allworth Financial LP raised its stake in shares of Arbor Realty Trust by 77.8% in the second quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,130 shares during the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

Arbor Realty Trust Stock Up 2.9%

Shares of ABR traded up $0.22 during midday trading on Wednesday, hitting $7.59. 1,740,619 shares of the company’s stock traded hands, compared to its average volume of 4,281,563. The company has a current ratio of 394.59, a quick ratio of 394.59 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 13.79 and a beta of 1.36. Arbor Realty Trust has a 1 year low of $7.11 and a 1 year high of $12.57. The firm’s fifty day moving average is $7.82 and its 200-day moving average is $9.21.

Arbor Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 15.8%. The ex-dividend date of this dividend was Tuesday, March 10th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 218.18%.

About Arbor Realty Trust

Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders.

Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments.