Principal Financial Group Inc. Has $13.83 Million Stock Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Principal Financial Group Inc. lessened its holdings in Arbor Realty Trust, Inc. (NYSE:ABR) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 888,572 shares of the real estate investment trust’s stock after selling 40,905 shares during the quarter. Principal Financial Group Inc. owned 0.47% of Arbor Realty Trust worth $13,826,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Arbor Realty Trust by 75.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,599 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 688 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Arbor Realty Trust during the third quarter worth approximately $38,000. Glenmede Trust Co. NA increased its stake in Arbor Realty Trust by 33.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,818 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 701 shares during the period. KBC Group NV raised its holdings in Arbor Realty Trust by 39.1% in the 3rd quarter. KBC Group NV now owns 6,395 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 1,796 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in shares of Arbor Realty Trust during the 3rd quarter valued at $102,000. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on ABR shares. JMP Securities boosted their price target on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, September 27th. Raymond James upped their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. lifted their target price on Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.25.

Insider Buying and Selling at Arbor Realty Trust

In other news, Director William C. Green acquired 5,269 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the completion of the acquisition, the director now directly owns 178,797 shares in the company, valued at $2,533,553.49. The trade was a 3.04 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.70% of the company’s stock.

Arbor Realty Trust Trading Down 1.9 %

Shares of ABR stock opened at $13.66 on Friday. The company has a market cap of $2.58 billion, a P/E ratio of 10.12 and a beta of 2.03. Arbor Realty Trust, Inc. has a fifty-two week low of $11.92 and a fifty-two week high of $16.13. The company has a debt-to-equity ratio of 2.67, a quick ratio of 35.68 and a current ratio of 35.68. The stock has a 50 day simple moving average of $14.64 and a two-hundred day simple moving average of $14.29.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 12.59%. The ex-dividend date was Friday, November 15th. Arbor Realty Trust’s payout ratio is 127.41%.

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.