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

Arbor Realty Trust, Inc. (NYSE:ABR – Get Rating) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 5,619 call options on the stock. This represents an increase of 184% compared to the average volume of 1,978 call options.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ABR. Piper Sandler cut their price target on Arbor Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 28th. JMP Securities cut their target price on Arbor Realty Trust from $21.00 to $20.00 and set a “market outperform” rating on the stock in a research report on Monday.

Insider Transactions at Arbor Realty Trust

In related news, Director Melvin F. Lazar bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average cost of $16.39 per share, for a total transaction of $40,975.00. Following the completion of the acquisition, the director now owns 227,500 shares in the company, valued at approximately $3,728,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Arbor Realty Trust

A number of institutional investors have recently added to or reduced their stakes in ABR. Vanguard Group Inc. boosted its holdings in Arbor Realty Trust by 28.7% in the 1st quarter. Vanguard Group Inc. now owns 9,436,190 shares of the real estate investment trust’s stock valued at $160,982,000 after purchasing an additional 2,103,266 shares in the last quarter. Bell & Brown Wealth Advisors LLC purchased a new stake in Arbor Realty Trust in the 1st quarter valued at approximately $13,998,000. Renaissance Technologies LLC purchased a new stake in Arbor Realty Trust in the 1st quarter valued at approximately $6,718,000. Graham Capital Management L.P. boosted its holdings in Arbor Realty Trust by 794.3% in the 1st quarter. Graham Capital Management L.P. now owns 437,285 shares of the real estate investment trust’s stock valued at $7,460,000 after purchasing an additional 388,386 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in Arbor Realty Trust in the 1st quarter valued at approximately $5,823,000. Hedge funds and other institutional investors own 37.93% of the company’s stock.

Arbor Realty Trust Stock Up 1.1 %

ABR opened at $15.62 on Friday. The business’s 50-day simple moving average is $14.60 and its 200-day simple moving average is $16.30. The company has a debt-to-equity ratio of 4.12, a quick ratio of 41.41 and a current ratio of 42.12. Arbor Realty Trust has a one year low of $12.18 and a one year high of $20.74. The stock has a market capitalization of $2.66 billion, a P/E ratio of 7.69 and a beta of 1.82.

Arbor Realty Trust (NYSE:ABR – Get Rating) last released its quarterly earnings results on Friday, May 6th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.15. Arbor Realty Trust had a return on equity of 17.41% and a net margin of 54.35%. The firm had revenue of $84.14 million for the quarter, compared to analyst estimates of $83.84 million. During the same quarter last year, the company posted $0.50 earnings per share. The business’s revenue was up 71.9% on a year-over-year basis. Analysts anticipate that Arbor Realty Trust will post 1.8 EPS for the current year.

Arbor Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.99%. The ex-dividend date of this dividend is Friday, August 12th. This is a positive change from Arbor Realty Trust’s previous quarterly dividend of $0.38. Arbor Realty Trust’s payout ratio is currently 74.88%.

Arbor Realty Trust Company Profile

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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 in two segments, Structured Business and Agency Business. 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.