Shares of Arbor Realty Trust (NYSE:ABR) traded today at $19.18, eclipsing its 52-week high. Approximately 640,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.
Arbor Realty Trust (NYSE:ABR) defies analysts with a current price ($19.17) 44.5% above its average consensus price target of $10.64.
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.
In the past 52 weeks, shares of Arbor Realty Trust have traded between a low of $7.40 and a high of $19.18 and is now at $19.17, which is 159% above that low price.
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