The stock of RAIT Financial Trust (NYSE:RAS) is a huge mover today! The stock last traded at $2.96 per share. It is down 1.33% since March 7, 2016 and is downtrending. It has underperformed by 8.93% the S&P500.
The move comes after 8 months positive chart setup for the $272.87M company. It was reported on Oct, 10 by Barchart.com. We have $5.54 PT which if reached, will make NYSE:RAS worth $237.40M more.
Analysts await RAIT Financial Trust (NYSE:RAS) to report earnings on November, 3. They expect $0.16 earnings per share, up 420.00% or $0.21 from last year’s $-0.05 per share. RAS’s profit will be $14.75M for 4.63 P/E if the $0.16 EPS becomes a reality. After $0.12 actual earnings per share 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. The firm earned “Neutral” rating on Thursday, December 10 by Compass Point. FBR Capital maintained RAIT Financial Trust (NYSE:RAS) rating on Friday, February 26. FBR Capital has “Outperform” rating and $3.25 price target. The rating was maintained by Deutsche Bank with “Buy” on Monday, March 14. The firm has “Outperform” rating given on Friday, January 22 by FBR Capital. Ladenburg Thalmann upgraded the shares of RAS in a report on Monday, August 3 to “Buy” rating. On Wednesday, December 9 the stock rating was downgraded by JMP Securities to “Mkt Perform”.
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 increased, 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.
Price T Rowe Assoc Md, a Maryland-based fund reported 71,400 shares. Polaris Greystone Fincl Gp Ltd Liability Corp, a California-based fund reported 12,500 shares. Nationwide Fund last reported 0.01% of its portfolio in the stock. National Bank & Trust Of America De has 6,365 shares for 0% of their US portfolio. Voya Limited Com holds 56,111 shares or 0% of its portfolio. Arrow Fincl holds 0% of its portfolio in RAIT Financial Trust (NYSE:RAS) for 333 shares. Cetera Advsr Limited Liability Corporation, a Colorado-based fund reported 1.00M shares. Menta Cap Limited reported 47,995 shares or 0.02% of all its holdings. Vanguard Group Inc Inc holds 11.43M shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 2,259 shares or 0% of its portfolio. Prudential accumulated 0% or 366,396 shares. Foundry Ltd Liability Company accumulated 0.25% or 1.43M shares. Blackrock Fund Advisors has 0% invested in the company for 4.38M shares. Millennium Management has 236,300 shares for 0% of their US portfolio. Highland Cap Mgmt Lp accumulated 0.38% or 2.94 million shares.
More notable recent RAIT Financial Trust (NYSE:RAS) news were published by: Seekingalpha.com which released: “RAIT Financial Trust Viewed Through The Eyes Of A Preferred Investor: An Update” on October 06, 2016, also Streetinsider.com with their article: “Independence Realty Trust (IRT), RAIT Financial Trust (RAS) Enter Agreement on …” published on September 27, 2016, Fool.com published: “Why RAIT Financial Trust Real Estate Trust Stock Is Plummeting Today” on December 08, 2015. 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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