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

Arbor Realty Trust, Inc. (NYSE:ABR) was the target of unusually large options trading on Wednesday. Stock traders acquired 32,087 put options on the company. This is an increase of 198% compared to the typical daily volume of 10,763 put options.

Arbor Realty Trust Price Performance

NYSE ABR opened at $13.51 on Friday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. Arbor Realty Trust has a 52-week low of $11.92 and a 52-week high of $15.94. The business has a 50 day simple moving average of $14.38 and a 200 day simple moving average of $14.28. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 10.01 and a beta of 2.04.

Arbor Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 12.73%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust’s dividend payout ratio is 127.41%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Raymond James increased their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. upped their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Finally, JMP Securities boosted their price objective on shares of Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.25.

Insider Buying and Selling

In other Arbor Realty Trust news, Director William C. Green purchased 5,269 shares of the stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $14.17 per share, with a total value of $74,661.73. Following the acquisition, the director now directly owns 178,797 shares of the company’s stock, valued at $2,533,553.49. This represents a 3.04 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arbor Realty Trust

Several institutional investors have recently added to or reduced their stakes in ABR. GAMMA Investing LLC lifted its holdings in shares of Arbor Realty Trust by 75.5% in the third quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 688 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Arbor Realty Trust in the 3rd quarter valued at approximately $38,000. Glenmede Trust Co. NA raised its position in Arbor Realty Trust by 33.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 701 shares during the last quarter. KBC Group NV lifted its stake in Arbor Realty Trust by 39.1% in the 3rd quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 1,796 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Arbor Realty Trust during the 3rd quarter worth approximately $102,000. 57.25% of the stock is owned by institutional investors.

About Arbor Realty Trust

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.