RAIT Financial Trust (RAS) Sees Large Volume Increase
Shares of RAIT Financial Trust (NYSE:RAS) saw strong trading volume on Monday . 847,909 shares traded hands during mid-day trading, an increase of 98% from the previous session’s volume of 429,103 shares.The stock last traded at $3.01 and had previously closed at $3.00.
Several research analysts recently commented on the stock. TheStreet downgraded shares of RAIT Financial Trust from a “hold” rating to a “sell” rating in a report on Friday, May 27th. Zacks Investment Research downgraded shares of RAIT Financial Trust from a “buy” rating to a “hold” rating in a report on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $3.23.
The company’s 50-day moving average is $3.12 and its 200 day moving average is $3.00. The stock’s market capitalization is $277.48 million.
RAIT Financial Trust (NYSE:RAS) last issued its earnings results on Friday, August 5th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.21. During the same quarter in the previous year, the company posted $0.37 EPS. The firm had revenue of $85.07 million for the quarter, compared to analysts’ expectations of $25.55 million. On average, analysts anticipate that RAIT Financial Trust will post $0.50 earnings per share for the current year.
RAIT Financial Trust (RAIT) 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.