RAIT Financial Trust (RAS) Trading Down 3.2%
Shares of RAIT Financial Trust (NYSE:RAS) traded down 3.2% during trading on Thursday . The stock traded as low as $3.02 and last traded at $3.04, with a volume of 214,425 shares trading hands. The stock had previously closed at $3.14.
Several analysts recently commented on the stock. Zacks Investment Research raised shares of RAIT Financial Trust from a “sell” rating to a “hold” rating in a research note on Thursday. TheStreet lowered shares of RAIT Financial Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. RAIT Financial Trust currently has a consensus rating of “Hold” and a consensus target price of $3.23.
The company’s 50 day moving average is $3.11 and its 200-day moving average is $3.01. The firm’s market capitalization is $284.86 million.
RAIT Financial Trust (NYSE:RAS) last released its quarterly earnings data on Friday, August 5th. The real estate investment trust reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by $0.21. During the same period last year, the firm earned $0.37 earnings per share. The firm had revenue of $85.07 million for the quarter, compared to the consensus estimate of $25.55 million. On average, equities research analysts predict that RAIT Financial Trust will post $0.50 EPS 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.
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