Buyers Accumulate Shares of Arbor Realty Trust, Up 2.7%

Print Share

Jan 07, 2013 (Market movers via COMTEX) -- Up 2.7% to $6.74, Arbor Realty Trust (NYSE:ABR), is one of today's notable movers. The S&P is currently trading 0.5% lower to 1,458 and the Dow Jones Industrial Average is trading 0.6% lower to 13,356.

Arbor Realty Trust, Inc. is a specialized real estate finance company. The Company invests in real estate related bridge and mezzanine loans, preferred equity and, in limited cases, discounted mortgage notes and other real estate related assets.

Over the past year, Arbor Realty Trust has traded in a range of $3.60 to $6.88 and is now at $6.74, 87% above that low. The 200-day and 50-day moving averages have moved 0.30% higher and 0.96% higher over the past week, respectively.

There is potential upside of 7.6% for shares of Arbor Realty Trust based on a current price of $6.74 and an average consensus analyst price target of $7.25. The stock should find initial support at its 200-day moving average (MA) of $5.60 and further support at its 50-day MA of $5.49.


Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit today.

Copyright, Comtex News Network, Inc. 2013

Free Stock Analysis From Zacks

Includes Zacks Long-Term Recommendation and Target Price

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.