Traders Purchase Large Volume of Call Options on Arbor Realty Trust (NYSE:ABR)

Arbor Realty Trust (NYSE:ABR) was the target of unusually large options trading activity on Wednesday. Investors acquired 16,102 call options on the stock. This represents an increase of 45% compared to the typical daily volume of 11,139 call options.

Institutional Investors Weigh In On Arbor Realty Trust

A number of hedge funds have recently bought and sold shares of ABR. Atlantic Union Bankshares Corp acquired a new position in shares of Arbor Realty Trust in the 2nd quarter valued at approximately $27,000. Allworth Financial LP increased 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 buying an additional 1,130 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Arbor Realty Trust by 73.5% in the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,175 shares during the last quarter. HM Payson & Co. acquired a new stake in Arbor Realty Trust in the third quarter valued at $31,000. Finally, Bayforest Capital Ltd bought a new position in Arbor Realty Trust during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 57.25% of the company’s stock.

Arbor Realty Trust Stock Up 5.4%

Shares of NYSE ABR traded up $0.45 during trading on Wednesday, reaching $8.83. 2,206,345 shares of the stock were exchanged, compared to its average volume of 4,391,600. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 16.05 and a beta of 1.36. The business’s 50-day moving average price is $7.79 and its 200 day moving average price is $9.61. The company has a quick ratio of 287.79, a current ratio of 287.79 and a debt-to-equity ratio of 2.51. Arbor Realty Trust has a twelve month low of $7.11 and a twelve month high of $12.73.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Arbor Realty Trust’s payout ratio is presently 218.18%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Arbor Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Keefe, Bruyette & Woods boosted their price objective on shares of Arbor Realty Trust from $7.50 to $8.00 and gave the company an “underperform” rating in a research note on Wednesday. Weiss Ratings lowered Arbor Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. reduced their target price on Arbor Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Thursday, December 4th. Finally, Piper Sandler decreased their price objective on shares of Arbor Realty Trust from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Arbor Realty Trust presently has an average rating of “Reduce” and an average target price of $9.50.

Arbor Realty Trust Company Profile

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.