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

Arbor Realty Trust (NYSE:ABR) saw unusual options trading with 18,550 call options purchased, a 93% increase from average. CEO Ivan Kaufman acquired 29,000 shares, increasing his ownership by 116%. Institutional investors modified holdings, with Penserra Capital Management increasing its stake by 37.8%. Analysts have mixed ratings, with a consensus target price of $11.00. ABR stock rose 2.4% to $8.74, with a market cap of $1.71 billion and a PE ratio of 9.59.
Arbor Realty Trust (NYSE:ABR - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 18,550 call options on the company. This represents an increase of approximately 93% compared to the average daily volume of 9,589 call options.
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Insider Buying and Selling
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In other news, CEO Ivan Kaufman acquired 29,000 shares of Arbor Realty Trust stock in a transaction dated Monday, November 17th. The shares were acquired at an average cost of $8.34 per share, for a total transaction of $241,860.00. Following the acquisition, the chief executive officer owned 54,000 shares of the company's stock, valued at $450,360. This trade represents a 116.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.80% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC raised its stake in shares of Arbor Realty Trust by 37.8% in the 2nd quarter. Penserra Capital Management LLC now owns 130,887 shares of the real estate investment trust's stock worth $1,400,000 after buying an additional 35,918 shares in the last quarter. Melia Wealth LLC boosted its position in Arbor Realty Trust by 14.5% during the 2nd quarter. Melia Wealth LLC now owns 889,303 shares of the real estate investment trust's stock worth $9,516,000 after acquiring an additional 112,763 shares during the period. Strs Ohio purchased a new stake in Arbor Realty Trust in the 1st quarter worth approximately $404,000. Three Seasons Wealth LLC purchased a new position in Arbor Realty Trust in the second quarter valued at about $391,000. Finally, Concurrent Investment Advisors LLC lifted its stake in Arbor Realty Trust by 210.7% in the second quarter. Concurrent Investment Advisors LLC now owns 57,140 shares of the real estate investment trust's stock valued at $611,000 after acquiring an additional 38,752 shares during the last quarter. 57.25% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
- At 10%, Is Arbor Realty Trust Dividend Worth It?
Several research analysts have issued reports on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Arbor Realty Trust in a research report on Monday. Wall Street Zen downgraded shares of Arbor Realty Trust from a "hold" rating to a "sell" rating in a research report on Sunday, October 26th. Zacks Research raised Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a report on Friday, October 3rd. JMP Securities cut their target price on Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 19th. Finally, Keefe, Bruyette & Woods reduced their price target on Arbor Realty Trust from $12.00 to $11.00 and set a "market perform" rating for the company in a report on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $11.00.
Check Out Our Latest Research Report on ABR
Arbor Realty Trust Stock Up 2.4%
Shares of NYSE:ABR traded up $0.21 during midday trading on Wednesday, hitting $8.74. 1,569,755 shares of the company's stock traded hands, compared to its average volume of 3,289,973. Arbor Realty Trust has a twelve month low of $8.18 and a twelve month high of $15.05. The firm's fifty day moving average price is $11.18 and its two-hundred day moving average price is $11.03. The company has a debt-to-equity ratio of 2.06, a quick ratio of 38.37 and a current ratio of 38.37. The company has a market cap of $1.71 billion, a PE ratio of 9.59 and a beta of 1.38.
Arbor Realty Trust (NYSE:ABR - Get Free Report) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.07. The firm had revenue of $162.49 million for the quarter, compared to the consensus estimate of $72.26 million. Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. On average, equities research analysts anticipate that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.
Arbor Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, November 14th. This represents a $1.20 annualized dividend and a yield of 13.7%. Arbor Realty Trust's dividend payout ratio is presently 150.00%.
Arbor Realty Trust Company Profile
(Get Free Report)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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