Arbor Realty Trust Shares Plummet After Analyst Downgrade

Arbor Realty Trusts shares plummeted by 4.5% following a downgrade from Market Perform to Underperform by analyst Jade Rahmani at Keefe, Bruyette and Woods. The price target was slashed by over 22%, from $11 to $8.50. The companys revenue dropped by 28.2% and net interest income fell by 56.9%. Arbor Realty Trust is now down 38.5% year-to-date and 41.2% below its 52-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.