Principal Financial Group Inc. Sells 22,474 Shares of Arbor Realty Trust, Inc. (NYSE:ABR)

Principal Financial Group Inc. decreased its holdings in Arbor Realty Trust, Inc. (NYSE:ABRFree Report) by 2.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,003,934 shares of the real estate investment trust’s stock after selling 22,474 shares during the period. Principal Financial Group Inc.’s holdings in Arbor Realty Trust were worth $15,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its position in Arbor Realty Trust by 55.6% in the 2nd quarter. BlackRock Inc. now owns 24,979,705 shares of the real estate investment trust’s stock worth $370,199,000 after purchasing an additional 8,928,167 shares during the period. Vanguard Group Inc. raised its position in Arbor Realty Trust by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 15,429,978 shares of the real estate investment trust’s stock worth $177,444,000 after purchasing an additional 1,110,055 shares during the period. Hsbc Holdings PLC raised its position in Arbor Realty Trust by 21,310.8% in the 2nd quarter. Hsbc Holdings PLC now owns 6,699,668 shares of the real estate investment trust’s stock worth $98,820,000 after purchasing an additional 6,668,377 shares during the period. State Street Corp increased its position in shares of Arbor Realty Trust by 84.1% in the second quarter. State Street Corp now owns 6,690,200 shares of the real estate investment trust’s stock valued at $99,149,000 after acquiring an additional 3,055,294 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Arbor Realty Trust by 9.5% in the second quarter. Geode Capital Management LLC now owns 3,514,557 shares of the real estate investment trust’s stock valued at $52,086,000 after acquiring an additional 304,339 shares during the period. Institutional investors own 53.00% of the company’s stock.

Insider Activity

In other Arbor Realty Trust news, CEO Ivan Kaufman acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $12.47 per share, with a total value of $124,700.00. Following the completion of the purchase, the chief executive officer now directly owns 1,033,412 shares of the company’s stock, valued at approximately $12,886,647.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Arbor Realty Trust news, CEO Ivan Kaufman acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $12.47 per share, with a total value of $124,700.00. Following the completion of the purchase, the chief executive officer now directly owns 1,033,412 shares of the company’s stock, valued at approximately $12,886,647.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul Elenio acquired 7,500 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average cost of $12.37 per share, for a total transaction of $92,775.00. Following the purchase, the chief financial officer now directly owns 277,299 shares of the company’s stock, valued at $3,430,188.63. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 92,419 shares of company stock valued at $1,129,747. Corporate insiders own 3.40% of the company’s stock.

Arbor Realty Trust Trading Down 0.3 %

Shares of ABR opened at $14.21 on Wednesday. The firm’s 50-day moving average price is $14.33 and its 200-day moving average price is $14.70. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 8.03 and a beta of 2.02. The company has a current ratio of 38.40, a quick ratio of 38.40 and a debt-to-equity ratio of 3.25. Arbor Realty Trust, Inc. has a 1-year low of $10.10 and a 1-year high of $17.74.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ABR. Wedbush restated an “outperform” rating and issued a $17.00 price objective on shares of Arbor Realty Trust in a research report on Thursday, November 30th. StockNews.com began coverage on shares of Arbor Realty Trust in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Arbor Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $15.67.

View Our Latest Analysis on ABR

About Arbor Realty Trust

(Free Report)

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 in two segments, Structured Business and Agency Business. 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.

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Institutional Ownership by Quarter for Arbor Realty Trust (NYSE:ABR)

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