Principal Financial Group Inc. Sells 40,905 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Principal Financial Group Inc. lessened its stake in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. 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 approximately 0.47% of Arbor Realty Trust worth $13,826,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ABR. Wasatch Advisors LP lifted its holdings in Arbor Realty Trust by 29.4% during the third quarter. Wasatch Advisors LP now owns 3,511,381 shares of the real estate investment trust's stock valued at $54,637,000 after purchasing an additional 797,453 shares during the last quarter. Certuity LLC bought a new position in Arbor Realty Trust in the 2nd quarter worth approximately $4,305,000. Kestra Investment Management LLC bought a new position in Arbor Realty Trust in the 3rd quarter worth approximately $1,823,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Arbor Realty Trust by 52.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,456 shares of the real estate investment trust's stock valued at $4,535,000 after acquiring an additional 100,055 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of Arbor Realty Trust during the second quarter worth $1,425,000. Institutional investors own 57.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Raymond James lifted their price target on Arbor Realty Trust from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Thursday, September 19th. JMP Securities raised their target price on Arbor Realty Trust from $16.00 to $16.50 and gave the stock a "market outperform" rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. upped their price target 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 investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $14.25.

Arbor Realty Trust Price Performance

Arbor Realty Trust stock traded down $0.26 during midday trading on Friday, hitting $13.66. 1,904,555 shares of the company's stock were exchanged, compared to its average volume of 3,629,295. The company has a market cap of $2.58 billion, a P/E ratio of 10.12 and a beta of 2.03. 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 moving average price of $14.64 and a two-hundred day moving average price of $14.29. Arbor Realty Trust, Inc. has a 52-week low of $11.92 and a 52-week high of $16.13.

Arbor Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 12.59%. The ex-dividend date of this dividend was Friday, November 15th. Arbor Realty Trust's payout ratio is 127.41%.

Insider Buying and Selling

In other news, Director William C. Green bought 5,269 shares of Arbor Realty Trust stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $14.17 per share, with a total value of $74,661.73. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.

Arbor Realty Trust 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.