Arbor Realty Trust (NYSE:ABR) traded at a new 52-week high today of $19.93. So far today approximately 407,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.
Arbor Realty Trust share prices have moved between a 52-week high of $19.93 and a 52-week low of $11.06 and are now trading 78% above that low price at $19.68 per share.
Arbor Realty Trust Inc is a specialized real estate finance company. It invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. In addition, it may also directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. The company has two business segments, Structured Business and Agency Business. It generates a majority of its revenue from the Structured Business Segment.
Arbor Realty Trust (NYSE:ABR) is currently priced 45.9% above its average consensus analyst price target of $10.64.
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