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

Principal Financial Group Inc. lifted its position in Arbor Realty Trust (NYSE:ABR - Free Report) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 938,911 shares of the real estate investment trust's stock after purchasing an additional 24,428 shares during the quarter. Principal Financial Group Inc. owned about 0.49% of Arbor Realty Trust worth $11,032,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ABR. Charles Schwab Investment Management Inc. boosted its stake in Arbor Realty Trust by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,493,105 shares of the real estate investment trust's stock worth $34,530,000 after buying an additional 89,309 shares during the period. Raymond James Financial Inc. acquired a new stake in Arbor Realty Trust in the fourth quarter valued at approximately $15,967,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Arbor Realty Trust by 12.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,495 shares of the real estate investment trust's stock worth $755,000 after purchasing an additional 5,841 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Arbor Realty Trust during the fourth quarter worth approximately $2,181,000. Finally, Swiss National Bank raised its holdings in Arbor Realty Trust by 0.8% during the fourth quarter. Swiss National Bank now owns 370,851 shares of the real estate investment trust's stock worth $5,136,000 after purchasing an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 57.25% of the company's stock.

Insider Transactions at Arbor Realty Trust

In other news, CEO Ivan Kaufman acquired 140,000 shares of Arbor Realty Trust stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average cost of $9.43 per share, for a total transaction of $1,320,200.00. Following the completion of the purchase, the chief executive officer directly owned 1,929,816 shares of the company's stock, valued at $18,198,164.88. This trade represents a 7.82% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired 210,000 shares of company stock worth $1,942,000 in the last quarter. Company insiders own 3.80% of the company's stock.

Arbor Realty Trust Trading Up 2.2%

Shares of NYSE ABR traded up $0.25 on Wednesday, reaching $11.31. 1,039,962 shares of the company traded hands, compared to its average volume of 3,125,165. Arbor Realty Trust has a fifty-two week low of $8.43 and a fifty-two week high of $15.94. The company has a 50 day moving average of $10.37 and a 200 day moving average of $11.70. The company has a current ratio of 36.48, a quick ratio of 36.48 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $2.17 billion, a PE ratio of 10.86 and a beta of 1.37.

Arbor Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 10.61%. Arbor Realty Trust's dividend payout ratio (DPR) is presently 115.38%.

Analyst Ratings Changes

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

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.