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Arbor Realty Trust, Inc. (NYSE: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. (NASD: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.
Image: nattanan23 from Pixabay
