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

Arbor Realty Trust, Inc. (NYSE:ABR - Get Free Report) was the target of unusually large options trading on Thursday. Stock investors acquired 30,686 call options on the company. This represents an increase of approximately 166% compared to the typical daily volume of 11,518 call options.

Arbor Realty Trust Stock Performance

NYSE:ABR traded up $0.19 during mid-day trading on Friday, hitting $13.79. The company's stock had a trading volume of 1,851,118 shares, compared to its average volume of 2,301,246. The business's fifty day moving average is $14.19 and its two-hundred day moving average is $14.24. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 10.22 and a beta of 2.04. Arbor Realty Trust has a 1 year low of $11.92 and a 1 year high of $15.94. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68.

Arbor Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 12.47%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust's dividend payout ratio (DPR) is 127.41%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ABR. Keefe, Bruyette & Woods lowered their price objective on shares of Arbor Realty Trust from $14.25 to $13.50 and set a "market perform" rating for the company in a research note on Tuesday. Raymond James lifted their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Thursday, September 19th. JMP Securities increased their price objective on Arbor Realty Trust from $16.00 to $16.50 and gave the company a "market outperform" rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. raised their price objective on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an "underweight" rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Arbor Realty Trust has an average rating of "Hold" and an average price target of $14.17.

Insider Transactions at Arbor Realty Trust

In related news, Director William C. Green bought 5,269 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $14.17 per share, for a total transaction of $74,661.73. Following the purchase, the director now directly owns 178,797 shares of the company's stock, valued at approximately $2,533,553.49. This trade represents a 3.04 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its holdings in shares of Arbor Realty Trust by 8.6% during the 2nd quarter. Victory Capital Management Inc. now owns 39,292 shares of the real estate investment trust's stock valued at $564,000 after purchasing an additional 3,119 shares in the last quarter. Federated Hermes Inc. grew its position in Arbor Realty Trust by 32.6% during the second quarter. Federated Hermes Inc. now owns 47,590 shares of the real estate investment trust's stock valued at $683,000 after buying an additional 11,711 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Arbor Realty Trust by 230.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,381 shares of the real estate investment trust's stock valued at $479,000 after buying an additional 23,290 shares in the last quarter. AE Wealth Management LLC acquired a new position in shares of Arbor Realty Trust in the second quarter worth about $147,000. Finally, Sei Investments Co. acquired a new position in shares of Arbor Realty Trust in the second quarter worth about $169,000. 57.25% of the stock is owned by institutional investors and hedge funds.

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.