Insider Selling: Arbor Realty Trust Director Unloads 1,500 Shares of Stock (ABR)
Arbor Realty Trust (NYSE:ABR) Director Karen Edwards unloaded 1,500 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $6.76, for a total value of $10,140.00. Following the sale, the director now directly owns 67,000 shares in the company, valued at approximately $452,920. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Arbor Realty Trust (NYSE:ABR) traded up 1.18% on Wednesday, hitting $6.85. 200,801 shares of the company’s stock traded hands. Arbor Realty Trust has a 52-week low of $4.72 and a 52-week high of $8.60. The stock has a 50-day moving average of $6.95 and a 200-day moving average of $7.08. The company has a market cap of $295.5 million and a price-to-earnings ratio of 20.15.
Arbor Realty Trust (NYSE:ABR) last released its earnings data on Friday, August 2nd. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters 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. On average, analysts predict that Arbor Realty Trust will post $0.56 earnings per share 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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