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

Principal Financial Group Inc. decreased its position in Arbor Realty Trust, Inc. (NYSE:ABR) by 4.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 888,572 shares of the real estate investment trust’s stock after selling 40,905 shares during the period. Principal Financial Group Inc.’s holdings in Arbor Realty Trust were worth $13,826,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 purchasing an additional 100,055 shares during the period. Edgestream Partners L.P. bought a new position in Arbor Realty Trust in the 3rd quarter worth about $1,443,000. Pathstone Holdings LLC raised its holdings in shares of Arbor Realty Trust by 42.0% in the 3rd quarter. Pathstone Holdings LLC now owns 132,210 shares of the real estate investment trust’s stock valued at $2,057,000 after acquiring an additional 39,072 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Arbor Realty Trust during the 3rd quarter valued at about $820,000. Finally, Geode Capital Management LLC grew its stake in Arbor Realty Trust by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,298,957 shares of the real estate investment trust’s stock worth $66,905,000 after buying an additional 45,370 shares in the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director William C. Green purchased 5,269 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost 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 approximately $2,533,553.49. This represents a 3.04 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. JMP Securities raised their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Arbor Realty Trust from $12.00 to $13.50 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Finally, Raymond James upped their price target on shares of Arbor Realty Trust from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.25.

Arbor Realty Trust Stock Down 1.9 %

Shares of NYSE:ABR opened at $13.66 on Friday. Arbor Realty Trust, Inc. has a 1 year low of $11.92 and a 1 year high of $16.13. The company has a debt-to-equity ratio of 2.67, a current ratio of 35.68 and a quick ratio of 35.68. The stock’s 50-day moving average is $14.64 and its 200 day moving average is $14.29. The company has a market cap of $2.58 billion, a PE ratio of 10.12 and a beta of 2.03.

Arbor Realty Trust Dividend Announcement

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