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

Principal Financial Group Inc. raised its position in Arbor Realty Trust (NYSE:ABR - Free Report) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 938,911 shares of the real estate investment trust's stock after buying an additional 24,428 shares during the period. Principal Financial Group Inc. owned approximately 0.49% of Arbor Realty Trust worth $11,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dunhill Financial LLC bought a new position in shares of Arbor Realty Trust during the fourth quarter worth about $29,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Arbor Realty Trust during the first quarter worth about $31,000. Bernard Wealth Management Corp. bought a new position in shares of Arbor Realty Trust during the fourth quarter worth about $36,000. GAMMA Investing LLC lifted its position in shares of Arbor Realty Trust by 223.0% during the first quarter. GAMMA Investing LLC now owns 3,343 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 2,308 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Arbor Realty Trust by 249.6% during the fourth quarter. Quarry LP now owns 3,531 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 2,521 shares during the last quarter. 57.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arbor Realty Trust

In other news, CEO Ivan Kaufman purchased 60,000 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of $8.70 per share, for a total transaction of $522,000.00. Following the completion of the purchase, the chief executive officer owned 1,989,816 shares of the company's stock, valued at $17,311,399.20. This trade represents a 3.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 210,000 shares of company stock valued at $1,942,000 in the last quarter. 3.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on ABR shares. Keefe, Bruyette & Woods lowered their target price on shares of Arbor Realty Trust from $11.75 to $11.00 and set a "market perform" rating for the company in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on shares of Arbor Realty Trust from $10.50 to $10.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $13.20.

Arbor Realty Trust Stock Performance

ABR traded up $0.06 on Thursday, hitting $11.37. 2,334,785 shares of the company's stock were exchanged, compared to its average volume of 3,098,332. The firm has a market cap of $2.18 billion, a PE ratio of 10.93 and a beta of 1.37. Arbor Realty Trust has a twelve month low of $8.43 and a twelve month high of $15.94. The stock has a fifty day moving average of $10.41 and a two-hundred day moving average of $11.68. The company has a current ratio of 36.48, a quick ratio of 36.48 and a debt-to-equity ratio of 1.92.

Arbor Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 10.56%. Arbor Realty Trust's payout ratio is currently 115.38%.

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.