Arbor Realty Trust Director Karen K. Edwards Sells 1,500 Shares (ABR)
Arbor Realty Trust (NYSE:ABR) Director Karen K. Edwards sold 1,500 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $6.93, for a total transaction of $10,395.00. Following the completion of the sale, the director now directly owns 62,500 shares in the company, valued at approximately $433,125. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Arbor Realty Trust (NYSE:ABR) traded up 0.43% during mid-day trading on Thursday, hitting $6.96. The stock had a trading volume of 93,937 shares. Arbor Realty Trust has a 52 week low of $6.26 and a 52 week high of $7.50. The stock’s 50-day moving average is $6.99 and its 200-day moving average is $6.98. The company has a market cap of $351.3 million and a P/E ratio of 13.70.
Arbor Realty Trust (NYSE:ABR) last released its earnings data on Friday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.13. Analysts expect that Arbor Realty Trust will post $0.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 7.50%. The ex-dividend date of this dividend is Wednesday, August 13th.
ABR has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods initiated coverage on shares of Arbor Realty Trust in a research note on Monday, July 28th. They set a “market perform” rating 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, 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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