Principal Financial Group Inc. Lowers Holdings in Arbor Realty Trust, Inc. (NYSE:ABR)

Principal Financial Group Inc. lowered its holdings in shares of Arbor Realty Trust, Inc. (NYSE:ABR) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 approximately 0.47% of Arbor Realty Trust worth $13,826,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ABR. GAMMA Investing LLC boosted its stake in Arbor Realty Trust by 75.5% in 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 during the period. Arizona State Retirement System boosted its position in shares of Arbor Realty Trust by 1.9% during the second quarter. Arizona State Retirement System now owns 52,773 shares of the real estate investment trust’s stock worth $757,000 after acquiring an additional 968 shares during the last quarter. US Bancorp DE grew its stake in Arbor Realty Trust by 6.3% during the third quarter. US Bancorp DE now owns 16,504 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 979 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Arbor Realty Trust by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 94,800 shares of the real estate investment trust’s stock valued at $1,360,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Arbor Realty Trust by 20.6% in the 2nd quarter. Signaturefd LLC now owns 8,807 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 1,504 shares in the last quarter. Institutional investors own 57.25% of the company’s stock.

Arbor Realty Trust Trading Down 0.7 %

Shares of ABR stock opened at $14.56 on Friday. The company has a market cap of $2.75 billion, a PE ratio of 10.79 and a beta of 2.06. Arbor Realty Trust, Inc. has a 1 year low of $11.77 and a 1 year high of $16.35. The stock’s 50 day simple moving average is $15.01 and its two-hundred day simple moving average is $14.14. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68.

Arbor Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, November 15th. This represents a $1.72 annualized dividend and a yield of 11.81%. Arbor Realty Trust’s payout ratio is presently 127.41%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ABR shares. Piper Sandler raised their price objective on Arbor Realty Trust from $12.00 to $12.50 and gave the company an “underweight” rating in a research report on Monday, August 5th. JMP Securities raised their price target on Arbor Realty Trust from $16.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, September 27th. Raymond James upped their price objective on 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. raised their target price on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the company an “underweight” rating in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Arbor Realty Trust currently has a consensus rating of “Hold” and an average target price of $14.25.

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.