RTTNews | Jun 15, 2021 02:35PM EDT

14:34 Tuesday, June 15, 2021 (RTTNews.com) - Arbor Realty Trust (ABR) is down 5% on Tuesday's trading. The company announced a new public offering of 6 million shares and expects to raise $111.9 million from it.

The company will use the fund raised to buy 600,000 shares from the CEO of the company and other general corporate purposes.

Currently, the shares are trading at $18.50, down 4.80%, or $0.93 from $19.43 on Monday after opening at $18.63 in the morning. In the 52-week period, the shares have ranged between $7.40 and $19.49

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