Shares of Arbor Realty Trust (NYSE:ABR) traded at a new 52-week high today of $19.50. This new high was reached on below average trading volume as 254,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.
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) defies analysts with a current price ($19.39) 46.6% above its average consensus price target of $10.36.
Over the past year, Arbor Realty Trust has traded in a range of $11.06 to $19.50 and is now at $19.39, 75% above that low.
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