Stock traders buy high volume of call options from Arbor Realty Trust (NYSE: ABR)
Arbor Realty Trust, Inc. (NYSE:ABR – Get Rating) was the beneficiary of unusually heavy options trading activity on Wednesday. Traders bought 5,619 call options on the company. This is an increase of approximately 184% from the typical volume of 1,978 call options.
Arbor Realty Trust Price Performance
Shares of Arbor Realty Trust opened at $15.62 on Friday. The company has a debt ratio of 4.12, a quick ratio of 41.41 and a current ratio of 42.12. The company’s 50-day simple moving average is $14.60 and its 200-day simple moving average is $16.30. Arbor Realty Trust has a 12-month low of $12.18 and a 12-month high of $20.74. The company 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 announced its results on Friday, May 6. The real estate investment trust reported earnings per share of $0.55 for the quarter, beating analysts’ consensus estimate of $0.40 by $0.15. The company posted revenue of $84.14 million in the quarter, versus a consensus estimate of $83.84 million. Arbor Realty Trust had a net margin of 54.35% and a return on equity of 17.41%. The company’s revenue increased 71.9% year over year. In the same period a year earlier, the company posted earnings per share of $0.50. As a group, research analysts expect Arbor Realty Trust to post 1.8 EPS for the current fiscal year.
Arbor Realty Trust increases its dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31. Investors of record on Monday, August 15 will receive a dividend of $0.39 per share. The ex-dividend date is Friday, August 12. This represents a dividend of $1.56 on an annualized basis and a yield of 9.99%. This is a boost from Arbor Realty Trust’s previous quarterly dividend of $0.38. Arbor Realty Trust’s payout ratio is currently 74.88%.
Insider buying and selling
Separately, director Melvin F. Lazar purchased 2,500 shares of the company in a trade on Thursday, May 12. The stock was purchased at an average price of $16.39 per share, for a total transaction of $40,975.00. Following the transaction, the administrator now directly owns 227,500 shares of the company, valued at $3,728,725. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. Insiders of the company own 3.80% of the shares of the company.
Institutional entries and exits
A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings of Arbor Realty Trust shares by 28.7% in the first quarter. Vanguard Group Inc. now owns 9,436,190 shares of the real estate investment trust worth $160,982,000 after purchasing an additional 2,103,266 shares during the period. State Street Corp raised its position in shares of Arbor Realty Trust by 6.4% in the first quarter. State Street Corp now owns 2,889,148 shares of the real estate investment trust worth $49,289,000 after buying an additional 174,344 shares last quarter. Geode Capital Management LLC increased its position in shares of Arbor Realty Trust by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 2,747,948 shares of the real estate investment trust worth $50,342,000 after purchasing an additional 168,070 shares in the last quarter. Northern Trust Corp raised its position in shares of Arbor Realty Trust by 2.0% in the fourth quarter. Northern Trust Corp now owns 1,750,238 shares of the real estate investment trust worth $32,065,000 after buying an additional 34,477 shares last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Arbor Realty Trust shares by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,278,731 shares of the real estate investment trust worth $21,816,000 after purchasing an additional 57,805 shares last quarter. Institutional investors and hedge funds hold 37.93% of the company’s shares.
Changes to analyst ratings
ABR has been the subject of a number of recent research reports. Piper Sandler cut her price target on Arbor Realty Trust shares from $20.00 to $17.00 and set an “overweight” rating on the stock in a Tuesday, June 28 report. JMP Securities cut its price target on Arbor Realty Trust shares from $21.00 to $20.00 and set a “market outperformance” rating on the stock in a report released Monday.
About Arbor Realty Trust
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Arbor Realty Trust, Inc invests in a diversified portfolio of structured financial assets in the multifamily, single family and commercial real estate markets in the United States. The Company operates through two segments, Structured Business and Agency Business. It invests primarily in bridge and mezzanine loans, including junior equity interests in first mortgages, preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes and various securities. related to mortgages.
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