Why Arbor Realty Trust (ABR) Shares Are Trading Higher Wednesday

Arbor Realty Trust, Inc. ABR  shares are trading higher on Wednesday after the company announced it is set to join the S&P SmallCap 600 effective prior to the opening of trading on Friday, June 23.

What To Know:

Arbor Realty Trust will replace Ranger Oil Corp. ROCC in the S&P SmallCap 600 effective prior to the opening of trading on Friday, June 23.

Arbor Realty Trust is a real estate investment trust with a portfolio of structured finance assets in the multifamily, single-family rental and commercial real estate markets.

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ABR Price Action: According to Benzinga Pro, Arbor Realty Trust shares are trading over 7% higher at $14.33 at the time of publication.

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