Principal Financial Group Inc. Buys 25,911 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Principal Financial Group Inc. increased its position in shares of Arbor Realty Trust, Inc. (NYSE:ABR - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 914,483 shares of the real estate investment trust's stock after buying an additional 25,911 shares during the quarter. Principal Financial Group Inc. owned about 0.48% of Arbor Realty Trust worth $12,666,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in shares of Arbor Realty Trust during the third quarter worth approximately $38,000. Glenmede Trust Co. NA raised its holdings in shares of Arbor Realty Trust by 33.1% in 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 last quarter. KBC Group NV lifted its position 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. Prospera Private Wealth LLC acquired a new position in Arbor Realty Trust during the 3rd quarter valued at about $102,000. Finally, ORG Partners LLC purchased a new stake in shares of Arbor Realty Trust in the fourth quarter worth approximately $104,000. Institutional investors own 57.25% of the company's stock.

Arbor Realty Trust Stock Performance

ABR stock traded down $0.36 during midday trading on Monday, hitting $11.98. The company's stock had a trading volume of 4,248,532 shares, compared to its average volume of 3,394,749. Arbor Realty Trust, Inc. has a 1 year low of $11.43 and a 1 year high of $15.94. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 10.04 and a beta of 2.03. The stock's 50-day moving average price is $13.46 and its 200 day moving average price is $14.16. The company has a quick ratio of 35.68, a current ratio of 37.49 and a debt-to-equity ratio of 2.41.

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Arbor Realty Trust (NYSE:ABR - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $262.87 million for the quarter, compared to the consensus estimate of $88.92 million. Arbor Realty Trust had a net margin of 22.66% and a return on equity of 14.75%. On average, equities analysts forecast that Arbor Realty Trust, Inc. will post 1.65 EPS for the current year.

Arbor Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 14.35%. The ex-dividend date of this dividend is Friday, March 7th. Arbor Realty Trust's dividend payout ratio (DPR) is 144.54%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ABR. Raymond James cut Arbor Realty Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods cut their price objective on shares of Arbor Realty Trust from $13.50 to $12.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Arbor Realty Trust from $13.50 to $12.50 and set an "underweight" rating for the company in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Arbor Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $13.75.

Insiders Place Their Bets

In other news, Director William C. Green purchased 5,269 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $14.17 per share, for a total transaction of $74,661.73. Following the purchase, the director now owns 178,797 shares of the company's stock, valued at $2,533,553.49. The trade was a 3.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.70% of the company's stock.

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.