ABR - Arbor Realty Trust: An Opportune Time For Buyers To Buy (Upgrade)
2024-03-22 08:30:00 ET
Summary
- Arbor Realty Trust stock has underperformed the S&P 500 significantly since my previous caution in January 2024.
- Short sellers have targeted ABR, with short interest increasing to over 40% of its float.
- Viceroy Research has published several bearish reports on ABR, citing distressed loans and overstated collateral.
- I argue why the market remains relatively unperturbed by these bearish sentiments.
- With ABR increasingly looking to bottom out, it's an opportune moment for buyers to accumulate in anticipation of a massive short squeeze.
In my previous update in early January 2024, I urged investors in multi-family mREIT Arbor Realty Trust, Inc. ( ABR ) to be cautious about adding more shares. While I admonished pessimistic ABR investors for being wrong in their prognostication in October 2023, I also exhorted bullish investors to wait for a more attractive entry point....
Arbor Realty Trust: An Opportune Time For Buyers To Buy (Upgrade)