Why Arbor Realty Trust Stock Tumbled Nearly 24% in March
Shares of Arbor Realty Trust (NYSE: ABR) plunged 23.8% in March, according to data provided by S&P Global Market Intelligence. One factor weighing on shares of the mortgage real estate investment trust (REIT) was a report published by Ningi Research, which had also shorted the company's stock. The company responded to that report and initiated a share repurchase program to potentially capitalize on the share price decline.