Parametric Portfolio Associates LLC lowered its position in shares of RAIT Financial Trust (NYSE:RAS) by 5.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 498,382 shares of the real estate investment trust’s stock after selling 30,129 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.54% of RAIT Financial Trust worth $1,091,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP lifted its position in RAIT Financial Trust by 162.4% during the 2nd quarter. GSA Capital Partners LLP now owns 265,132 shares of the real estate investment trust’s stock worth $581,000 after acquiring an additional 164,100 shares during the period. Forsta AP Fonden acquired a new stake in RAIT Financial Trust during the 2nd quarter worth about $442,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in RAIT Financial Trust during the 2nd quarter worth about $297,000. Bank of New York Mellon Corp lifted its position in RAIT Financial Trust by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 446,648 shares of the real estate investment trust’s stock worth $1,429,000 after acquiring an additional 14,880 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in RAIT Financial Trust by 7.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 654,912 shares of the real estate investment trust’s stock worth $2,096,000 after acquiring an additional 46,889 shares during the period. 57.88% of the stock is owned by institutional investors.

A number of research firms have weighed in on RAS. B. Riley reiterated a “neutral” rating on shares of RAIT Financial Trust in a research note on Friday, November 3rd. Zacks Investment Research upgraded RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. ValuEngine lowered RAIT Financial Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. FBR & Co lowered RAIT Financial Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $3.00 to $1.25 in a research note on Tuesday, August 15th. Finally, Deutsche Bank AG reduced their price objective on RAIT Financial Trust from $2.75 to $1.60 and set a “hold” rating for the company in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $1.78.

RAIT Financial Trust (NYSE:RAS) opened at $0.40 on Friday. The company has a debt-to-equity ratio of 8.39, a quick ratio of 12.92 and a current ratio of 8.50. RAIT Financial Trust has a 52 week low of $0.36 and a 52 week high of $3.91.

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About RAIT Financial Trust

RAIT Financial Trust (RAIT) is a real estate investment trust (REIT). The Company focuses on providing commercial real estate (CRE) financing throughout the United States. The core of its business is a full service CRE lending platform focused on first lien loans. It offers customized lending solutions to meet borrower needs and internal credit goals.

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Institutional Ownership by Quarter for RAIT Financial Trust (NYSE:RAS)

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