Insider Selling: Arbor Realty Trust Director Sells 1,500 Shares of Stock (ABR)
Arbor Realty Trust (NYSE:ABR) Director Karen K. Edwards unloaded 1,500 shares of Arbor Realty Trust stock on the open market in a transaction dated Wednesday, June 18th. The shares were 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 in the company, valued at approximately $459,810. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Arbor Realty Trust (NYSE:ABR) opened at 7.09 on Friday. Arbor Realty Trust has a 1-year low of $5.78 and a 1-year high of $7.74. The stock has a 50-day moving average of $7.12 and a 200-day moving average of $6.90. The company has a market cap of $355.5 million and a price-to-earnings ratio of 20.49.
Arbor Realty Trust (NYSE:ABR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.02. On average, analysts predict that Arbor Realty Trust will post $0.53 earnings per share for the current fiscal year.
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.
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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