Insider Selling: Arbor Realty Trust Director Unloads 1,500 Shares of Stock (ABR)
Arbor Realty Trust (NYSE:ABR) Director Karen K. Edwards sold 1,500 shares of the stock on the open market in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $7.02, for a total transaction of $10,530.00. Following the sale, the director now directly owns 65,500 shares of the company’s stock, valued at approximately $459,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at MLV & Co
initiated coverage on shares of Arbor Realty Trust in a research note on Wednesday, June 11th. They set a “buy” rating and a $9.00 price target on the stock.
Shares of Arbor Realty Trust (NYSE:ABR) traded up 0.57% on Wednesday, hitting $7.05. 76,738 shares of the company’s stock traded hands. Arbor Realty Trust has a one year low of $5.78 and a one year high of $7.74. The stock’s 50-day moving average is $7.12 and its 200-day moving average is $6.90. The company has a market cap of $353.5 million and a P/E ratio of 20.38.
Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.02. Analysts expect that Arbor Realty Trust will post $0.53 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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