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Posted by
Two Blokes Apr 16 -
Filed in
Stock
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Arbor Realty Trust's downgrade to Hold is due to realized loan book weaknesses and a slower growth outlook, with shares down 30% in six months. Previous Buy rating was based on a 10Y Note yield below 4%, aiding loan refinancing; rising rates have since created headwinds. This has caused management to guide for a dividend cut (perhaps 30%) and a more cautious outlook.
