The stock of RAIT Financial Trust (NYSE:RAS) is a huge mover today! The stock decreased 4.21% or $0.13 on October 5, hitting $3.07. RAIT Financial Trust (NYSE:RAS) has risen 10.73% since March 2, 2016 and is uptrending. It has outperformed by 2.47% the S&P500.
The move comes after 8 months negative chart setup for the $283.02M company. It was reported on Oct, 5 by Barchart.com. We have $2.73 PT which if reached, will make NYSE:RAS worth $31.13M less.
Analysts await RAIT Financial Trust (NYSE:RAS) to report earnings on November, 3. They expect $0.16 EPS, up 420.00% or $0.21 from last year’s $-0.05 per share. RAS’s profit will be $14.75 million for 4.80 P/E if the $0.16 EPS becomes a reality. After $0.12 actual EPS reported by RAIT Financial Trust for the previous quarter, Wall Street now forecasts 33.33% EPS growth.
RAIT Financial Trust (NYSE:RAS) Ratings Coverage
Out of 7 analysts covering RAIT Financial Trust (NYSE:RAS), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. RAIT Financial Trust has been the topic of 9 analyst reports since August 3, 2015 according to StockzIntelligence Inc. FBR Capital initiated it with “Outperform” rating and $3.50 target price in Friday, January 22 report. The stock has “Buy” rating given by Deutsche Bank on Monday, March 14. The stock of RAIT Financial Trust (NYSE:RAS) earned “Neutral” rating by Compass Point on Thursday, December 10. JMP Securities downgraded RAIT Financial Trust (NYSE:RAS) on Wednesday, December 9 to “Mkt Perform” rating. The stock has “Outperform” rating given by FBR Capital on Friday, February 26. The firm has “Buy” rating by Ladenburg Thalmann given on Monday, August 3.
According to Zacks Investment Research, “RAIT Financial Trust is an internally-managed real estate investment trust. It provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. RAIT originates secured and unsecured credit facilities including bridge and mezzanine loans, preferred equity investments, trust preferred securities and subordinated debt for private and corporate owners of commercial real estate, REITs, and real estate operating companies and their intermediaries. The Company is also an asset and property manager of real estate-related assets. RAIT Investment Trust is based in Philadelphia, Pennsylvania.”
Insitutional Activity: The institutional sentiment increased to 1.51 in 2016 Q2. Its up 0.39, from 1.12 in 2016Q1. The ratio improved, as 9 funds sold all RAIT Financial Trust shares owned while 28 reduced positions. 16 funds bought stakes while 40 increased positions. They now own 49.96 million shares or 4.49% less from 52.31 million shares in 2016Q1.
National Bank Of America De has 6,365 shares for 0% of their US portfolio. Lpl Finance Limited Liability owns 31,596 shares or 0% of their US portfolio. New York State Common Retirement Fund holds 0% or 75,600 shares in its portfolio. Ameriprise Fin has invested 0% of its portfolio in RAIT Financial Trust (NYSE:RAS). Bank Of New York Mellon has invested 0% of its portfolio in RAIT Financial Trust (NYSE:RAS). Citadel Advisors Ltd Limited Liability Company owns 59,195 shares or 0% of their US portfolio. Legal General Gru Public Limited Company last reported 11,301 shares in the company. Great West Life Assurance Co Can has 0% invested in the company for 6,500 shares. Eubel Brady Suttman Asset Management accumulated 47,739 shares or 0.05% of the stock. Gsa Cap Prns Limited Liability Partnership last reported 95,600 shares in the company. Moreover, Menta Ltd Co has 0.02% invested in RAIT Financial Trust (NYSE:RAS) for 47,995 shares. Moreover, Strs Ohio has 0% invested in RAIT Financial Trust (NYSE:RAS) for 29,600 shares. State Board Of Administration Of Florida Retirement Sys holds 0% or 42,396 shares in its portfolio. Peak6 Invs Lp has invested 0% of its portfolio in RAIT Financial Trust (NYSE:RAS). Ubs Asset Management Americas accumulated 35,097 shares or 0% of the stock.
More notable recent RAIT Financial Trust (NYSE:RAS) news were published by: Reuters.com which released: “BRIEF-Independence Realty to enter into agreement with RAIT Financial Trus…” on September 27, 2016, also Fool.com with their article: “Why RAIT Financial Trust Real Estate Trust Stock Is Plummeting Today” published on December 08, 2015, Streetinsider.com published: “Independence Realty Trust (IRT), RAIT Financial Trust (RAS) Enter Agreement on …” on September 27, 2016. More interesting news about RAIT Financial Trust (NYSE:RAS) were released by: Businesswire.com and their article: “RAIT Financial Trust Announces Third Quarter Cash Dividend on its Common Shares” published on September 19, 2016 as well as Businesswire.com‘s news article titled: “RAIT Financial Trust Announces Second Quarter 2016 Financial Results” with publication date: August 05, 2016.
RAS Company Profile
RAIT Financial Trust (RAIT), incorporated on August 14, 1997, is a self-managed and self-advised real estate investment trust (REIT). RAIT uses its vertically integrated platform and relationships to originate commercial real estate loans, acquire commercial real estate properties and invest in, manage and service commercial real estate assets. The Company’s divisions are real estate lending, owning and managing segment, Independence Realty Trust, Inc. (IRT) segment and Taberna Securitization segment. The Company’s real estate lending, owning and managing segment concentrates on lending, owning and managing commercial real estate assets throughout the United States. The Company’s investment may range from first mortgage loans to equity ownership of a commercial real estate property. The Firm manages its investments in-house through its asset management and property management professionals. The Company’s IRT segment concentrates on the ownership of apartment properties in opportunistic markets throughout the United States. The Company’s Taberna Securitization segment includes the ownership and management of approximately three real estate trust preferred securitizations.
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