Insider Selling: Karen K. Edwards Unloads 1,500 Shares of Arbor Realty Trust Stock (ABR)
Arbor Realty Trust (NYSE:ABR) Director Karen K. Edwards unloaded 1,500 shares of Arbor Realty Trust stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $6.85, for a total value of $10,275.00. Following the completion of the transaction, the director now directly owns 62,500 shares of the company’s stock, valued at approximately $428,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Deutsche Bank cut their price target on shares of Arbor Realty Trust from $9.50 to $9.25 in a research note to investors on Tuesday, November 12th.
Shares of Arbor Realty Trust (NYSE:ABR) traded up 1.45% during mid-day trading on Wednesday, hitting $6.99. The stock had a trading volume of 286,541 shares. Arbor Realty Trust has a 52-week low of $5.78 and a 52-week high of $8.60. The stock has a 50-day moving average of $6.66 and a 200-day moving average of $6.87. The company has a market cap of $343.5 million and a price-to-earnings ratio of 19.97.
Arbor Realty Trust (NYSE:ABR) last released its earnings data on Friday, November 8th. The company reported $0.13 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.13. During the same quarter in the prior year, the company posted $0.13 earnings per share. On average, analysts predict that Arbor Realty Trust will post $0.58 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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