In Tuesday’s Wall Street session, Arbor Realty Trust Inc (NYSE:ABR) shares traded at $12.06, up 3.25% from the previous session.
ABR stock price is now -11.33% away from the 50-day moving average and -14.24% away from the 200-day moving average. The market capitalization of the company currently stands at $2.29B.
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On April 11, 2024, Wedbush Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $17 to quote $13, while ‘Piper Sandler’ rates the stock as ‘Underweight’
In other news, Green William C, Director bought 5,269 shares of the company’s stock on Dec 05 ’24. The stock was bought for $74,662 at an average price of $14.17. Upon completion of the transaction, the Director now directly owns 178,797 shares in the company, valued at $2.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05 ’24, CCO & Head of Non-Agcy Prod Friedman David Erwin bought 1,775 shares of the business’s stock. A total of $23,229 was incurred on buying the stock at an average price of $13.09. This leaves the insider owning 67,511 shares of the company worth $0.81 million. A total of 3.81% of the company’s stock is owned by insiders.
During the past 12 months, Arbor Realty Trust Inc has had a low of $11.46 and a high of $15.94.
The net profit margin was 15.56% and return on equity was 8.62% for ABR. The company reported revenue of $331.72 million for the quarter, compared to $416.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.33 percent.
