Arbor Realty Trust Director Unloads $10,800 in Stock (ABR)
Arbor Realty Trust (NYSE:ABR) Director Karen Edwards sold 1,500 shares of Arbor Realty Trust stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $7.20, for a total transaction of $10,800.00. Following the completion of the sale, the director now directly owns 68,500 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Arbor Realty Trust (NYSE:ABR) traded up 1.93% on Wednesday, hitting $7.40. 77,528 shares of the company’s stock traded hands. Arbor Realty Trust has a one year low of $4.72 and a one year high of $8.60. The stock has a 50-day moving average of $7.1 and a 200-day moving average of $7.25. The company has a market cap of $319.2 million and a P/E ratio of 21.61.
Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.01. The company had revenue of $14.00 million for the quarter, compared to the consensus estimate of $13.70 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. Analysts expect that Arbor Realty Trust will post $0.57 EPS for the current fiscal year.
Arbor Realty Trust, Inc is a specialized real estate finance company. The Company invests in a diversified portfolio of structured finance assets in the multi-family and commercial real estate markets.
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