Arbor Realty tumbles on US DOJ investigation reports

Arbor Realty Trust

12/07/2024 18:05

** Shares of Arbor Realty  ABR.N  fall ~19% to $12.60
    ** Co is being probed by Federal prosecutors and FBI in New
York over lending practices and loan book, Bloomberg News
reports
    ** Two of six brokerages rate stock "buy", two "hold" and
two "sell"; their median PT is $14
    ** Shares down ~9.5% YTD

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))