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Here’s Why Mortgage REITs Colony Credit and Arbor Realty Trust Were Soaring on Friday

Matthew Frankel, CFP, The Motley Fool
·2 min read
Here’s Why Mortgage REITs Colony Credit and Arbor Realty Trust Were Soaring on Friday

The stock market ended the week on a high note, with the Dow Jones Industrial Average and S&P 500 index higher by 1.5% and 1.3%, respectively, as of 2:30pm EDT on Friday. Colony Credit Real Estate (NYSE: CLNC) and Arbor Realty Trust (NYSE: ABR) were higher by 15% and 10%, respectively. Both companies, which primarily originate and own commercial real estate loans, reported earnings on Thursday afternoon, and it's fair to say that investors liked what they saw.

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