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

Key Points

• Arbor Realty Trust saw a significant increase in options trading activity, with investors purchasing 16,552 call options, representing a 102% rise compared to average daily volume.
• Hedge funds have shown increased interest in Arbor Realty Trust, with multiple firms such as Allworth Financial LP and Smartleaf Asset Management LLC boosting their stakes in the company during Q2.
• The company recently announced a quarterly dividend of $0.30 per share, resulting in a robust annualized dividend yield of 10.3%, despite a high payout ratio of 131.87%.

Arbor Realty Trust (NYSE:ABR - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors bought 16,552 call options on the stock. This is an increase of approximately 102% compared to the average daily volume of 8,174 call options.

Hedge Funds Weigh In On Arbor Realty Trust

Several large investors have recently made changes to their positions in ABR. Atlantic Union Bankshares Corp acquired a new position in shares of Arbor Realty Trust in the 2nd quarter worth approximately $27,000. Allworth Financial LP lifted its holdings in shares of Arbor Realty Trust by 77.8% in the 2nd quarter. Allworth Financial LP now owns 2,583 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 1,130 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Arbor Realty Trust by 73.5% during the second quarter. Smartleaf Asset Management LLC now owns 2,774 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 1,175 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Arbor Realty Trust during the first quarter worth about $31,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Arbor Realty Trust during the second quarter worth about $32,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ABR shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Arbor Realty Trust in a report on Saturday, September 27th. Piper Sandler upped their target price on shares of Arbor Realty Trust from $11.00 to $11.50 and gave the stock an "underweight" rating in a report on Wednesday, October 8th. JMP Securities dropped their target price on shares of Arbor Realty Trust from $13.50 to $13.00 and set a "market outperform" rating for the company in a report on Tuesday, August 19th. Zacks Research raised shares of Arbor Realty Trust from a "strong sell" rating to a "hold" rating in a report on Friday, October 3rd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Arbor Realty Trust from $11.50 to $12.00 and gave the stock a "market perform" rating in a report on Thursday, October 9th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Arbor Realty Trust currently has a consensus rating of "Reduce" and an average target price of $11.63.

Arbor Realty Trust Trading Up 0.0%

Shares of ABR traded up $0.01 during mid-day trading on Tuesday, reaching $11.63. The stock had a trading volume of 332,762 shares, compared to its average volume of 3,214,521. The company has a debt-to-equity ratio of 2.06, a current ratio of 38.37 and a quick ratio of 38.37. Arbor Realty Trust has a 52-week low of $8.43 and a 52-week high of $15.76. The business's fifty day moving average is $11.85 and its 200 day moving average is $11.14. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 12.79 and a beta of 1.37.

Arbor Realty Trust (NYSE:ABR - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.03). Arbor Realty Trust had a net margin of 20.75% and a return on equity of 12.26%. The firm had revenue of $27.44 million during the quarter, compared to analysts' expectations of $76.99 million. On average, sell-side analysts predict that Arbor Realty Trust will post 1.65 EPS for the current fiscal year.

Arbor Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.30 per share. The ex-dividend date was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.3%. Arbor Realty Trust's dividend payout ratio (DPR) is currently 131.87%.

Arbor Realty Trust Company Profile

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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