🔴 Arbor Realty Trust is trading 5.31% down today after Citizens’ downgrade citing higher rates

Arbor Realty Trust is trading at $3.65, down 5.31%, following Citizens’ September 29 downgrade.

• Citizens cut its rating from Market Outperform to Market Perform, citing higher rates that could prolong problem-asset resolutions and weigh on earnings longer than previously expected.
• No separate Arbor Realty Trust announcement dated October 1 was identified in available search results; major U.S. indexes were not down more than 0.5%, making the company-specific downgrade the clearest identified catalyst.