Arbor Realty Trust, Inc. (ABR) is down 10.95 percent during Friday morning trading, falling $1.68 to trade at $12.32 after reporting a decline in fourth-quarter net income to $75.3 million from $109.9 million last year.
The stock opened at $13.94 and has traded between $12.15 and $14.33 today.
Trading volume has surged to 12.36 million shares, significantly above its average of 2.16 million. ABR's 52-week range is $11.95 to $15.94.
Additionally, net interest income declined to $82.9 million from $103.6 million in the fourth quarter.
For comments and feedback: editorial@rttnews.com