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14.78
1.51%
0.22
After Hours:
14.79
0.010
+0.07%
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Why is Arbor Realty Trust Inc (ABR) Stock down?
We've noticed a 17.00% decline in Arbor Realty Trust Inc (ABR) stock during the 2024-07-12 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
16 Nov, 2023:
Shares of Arbor Realty Trust (ABR) dropped by 11.56% from $13.84 to $12.24 in the trading on Thursday, Novemeber 16, 2023. The reason why ABR is down today is due to a negative report from Viceroy Research, accusing ABR of predatory practices and labeling it a 'slumlord'. The report criticized ABR's reliance on high-risk multifamily bridge loans, especially those issued in 2021 when interest rates were low. Many borrowers struggled to repay as rates rose, causing property valuations to plummet. Viceroy warned of potential defaults and analyzed Arbor's loans in collateralized loan obligations (CLOs) totaling over $7 billion.
1.06%
0.09%
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