Insider Selling: Arbor Realty Trust Director Sells 1,500 Shares of Stock (ABR)
Arbor Realty Trust (NYSE:ABR) Director Karen K. Edwards sold 1,500 shares of Arbor Realty Trust stock on the open market in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $6.93, for a total value of $10,395.00. Following the completion of the sale, the director now directly owns 64,000 shares in the company, valued at approximately $443,520. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on ABR. Analysts at Zacks upgraded shares of Arbor Realty Trust from a “neutral” rating to an “outperform” rating in a research note on Monday, June 30th. They now have a $7.80 price target on the stock. 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 (NYSE:ABR) opened at 6.87 on Friday. Arbor Realty Trust has a one year low of $6.26 and a one year high of $7.74. The stock has a 50-day moving average of $7.05 and a 200-day moving average of $6.95. The company has a market cap of $344.4 million and a price-to-earnings ratio of 19.97.
Arbor Realty Trust (NYSE:ABR) last released its 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. On average, analysts predict that Arbor Realty Trust will post $0.53 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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