Arbor Realty Trust, Inc. (NYSE:ABR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 4.4% during the 3rd quarter, according to the company in 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 period. Principal Financial Group Inc. owned approximately 0.47% of Arbor Realty Trust worth $13,826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ABR. Swiss National Bank grew its holdings in shares of Arbor Realty Trust by 1.3% in the first quarter. Swiss National Bank now owns 372,251 shares of the real estate investment trust's stock valued at $4,932,000 after purchasing an additional 4,700 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Arbor Realty Trust by 8.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 33,321 shares of the real estate investment trust's stock valued at $442,000 after buying an additional 2,568 shares during the period. Covestor Ltd grew its position in Arbor Realty Trust by 49.6% in the first quarter. Covestor Ltd now owns 17,221 shares of the real estate investment trust's stock worth $228,000 after acquiring an additional 5,710 shares during the period. UniSuper Management Pty Ltd acquired a new stake in Arbor Realty Trust during the first quarter worth $667,000. Finally, CANADA LIFE ASSURANCE Co raised its position in Arbor Realty Trust by 5.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 162,273 shares of the real estate investment trust's stock valued at $2,150,000 after purchasing an additional 8,472 shares during the period. 57.25% of the stock is currently owned by institutional investors and hedge funds.

Arbor Realty Trust Stock Down 0.7 %

Shares of ABR traded down $0.11 during midday trading on Friday, hitting $14.56. The company had a trading volume of 3,209,296 shares, compared to its average volume of 2,295,335. Arbor Realty Trust, Inc. has a 1 year low of $11.77 and a 1 year high of $16.35. The company's 50-day simple moving average is $15.01 and its 200-day simple moving average is $14.14. 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 firm has a market capitalization of $2.75 billion, a P/E ratio of 10.79 and a beta of 2.06.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.72 annualized dividend and a dividend yield of 11.81%. Arbor Realty Trust's dividend payout ratio (DPR) is currently 127.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ABR shares. JPMorgan Chase & Co. increased their price target on Arbor Realty Trust from $12.00 to $13.50 and gave the stock an "underweight" rating in a report on Thursday, October 17th. Piper Sandler boosted their price target on shares of Arbor Realty Trust from $12.00 to $12.50 and gave the company an "underweight" rating in a research note on Monday, August 5th. Raymond James boosted their target price 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. Finally, JMP Securities lifted their price objective 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. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.25.

About Arbor Realty Trust

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.