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Dec 17, 2012 (Market movers via COMTEX) -- Up 1.9% to $5.77, Arbor Realty Trust (NYSE:ABR), is one of today's notable movers. The S&P is currently trading 0.5% higher to 1,422 and the Dow Jones Industrial Average is trading 0.4% higher to 13,188.
There is potential upside of 21.3% for shares of Arbor Realty Trust based on a current price of $5.77 and an average consensus analyst price target of $7.00. The stock should discover initial support at its 200-day moving average (MA) of $5.55 and subsequent support at its 50-day MA of $5.40.
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.
Arbor Realty Trust share prices have moved between a 52-week high of $6.67 and a 52-week low of $3.31 and are now trading 74% above that low price at $5.77 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has risen 0.3%.
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