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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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