2023-06-21 17:01:43 ET
- Arbor Realty Trust ( NYSE: ABR ) jumped 7.4% in Wednesday trading after news that the REIT will be included in the S&P SmallCap 600 Index , marking its biggest jump in over a month .
- Stocks usually rise when they're added to popular indices as index funds then buy the stock to mimic the performance of the index.
- Arbor Realty's ( ABR ) entry into the 600 will become effective before the open of trading on Friday, June 23.
- The company invests in a portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the U.S.
- SA Investing Group Leader JR Research , upgrading the stock, explains why the Arbor Realty rally is just getting started. Meanwhile, Investing Group Leader Danil Sereda asks: what's left after ABR's big jump?
For further details see:
Why did Arbor Realty Trust stock jump today? It's joining S&P SmallCap 600