RAIT Financial Trust (RAS) Given Media Sentiment Score of 0.18
Headlines about RAIT Financial Trust (NYSE:RAS) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RAIT Financial Trust earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.461293073 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
RAS has been the topic of a number of research reports. Deutsche Bank dropped their target price on shares of RAIT Financial Trust from $2.75 to $1.60 and set a “hold” rating on the stock in a research report on Tuesday, August 15th. Zacks Investment Research upgraded shares of RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. ValuEngine downgraded shares of RAIT Financial Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. B. Riley restated a “neutral” rating on shares of RAIT Financial Trust in a report on Friday, November 3rd. Finally, FBR & Co downgraded shares of RAIT Financial Trust from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $3.00 to $1.25 in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $1.78.
RAIT Financial Trust (RAS) traded down $0.02 on Thursday, reaching $0.38. 1,028,500 shares of the company’s stock traded hands, compared to its average volume of 860,822. The company has a debt-to-equity ratio of 8.39, a quick ratio of 8.50 and a current ratio of 8.50. RAIT Financial Trust has a 1 year low of $0.36 and a 1 year 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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