Shares of RAIT Financial Trust (NYSE:RAS) have received an average rating of “Hold” from the seven ratings firms that are covering the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $3.15.

Separately, Zacks Investment Research raised RAIT Financial Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 1st.

Hedge funds and other institutional investors have recently modified their holdings of the company. Foundry Partners LLC increased its position in shares of RAIT Financial Trust by 5.1% in the third quarter. Foundry Partners LLC now owns 1,508,653 shares of the real estate investment trust’s stock valued at $5,099,000 after buying an additional 73,867 shares in the last quarter. Stifel Financial Corp increased its position in shares of RAIT Financial Trust by 102.5% in the second quarter. Stifel Financial Corp now owns 269,019 shares of the real estate investment trust’s stock valued at $842,000 after buying an additional 136,188 shares in the last quarter. A.R.T. Advisors LLC increased its position in shares of RAIT Financial Trust by 8.5% in the second quarter. A.R.T. Advisors LLC now owns 154,795 shares of the real estate investment trust’s stock valued at $484,000 after buying an additional 12,088 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of RAIT Financial Trust by 14.2% in the second quarter. Parametric Portfolio Associates LLC now owns 377,567 shares of the real estate investment trust’s stock valued at $1,182,000 after buying an additional 47,001 shares in the last quarter. Finally, State Street Corp increased its position in shares of RAIT Financial Trust by 4.9% in the second quarter. State Street Corp now owns 1,471,401 shares of the real estate investment trust’s stock valued at $4,604,000 after buying an additional 68,129 shares in the last quarter. Hedge funds and other institutional investors own 57.26% of the company’s stock.

RAIT Financial Trust (NYSE:RAS) opened at 2.96 on Thursday. RAIT Financial Trust has a 52-week low of $1.85 and a 52-week high of $5.37. The stock’s market capitalization is $272.87 million. The stock’s 50 day moving average price is $3.13 and its 200 day moving average price is $3.09.

RAIT Financial Trust (NYSE:RAS) last announced its quarterly earnings results on Friday, August 5th. The real estate investment trust reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.21. The firm had revenue of $85.07 million for the quarter, compared to analysts’ expectations of $25.55 million. RAIT Financial Trust had a return on equity of 9.09% and a net margin of 8.13%. During the same period last year, the firm earned $0.37 EPS. On average, analysts forecast that RAIT Financial Trust will post $0.49 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 7th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.36 annualized dividend and a dividend yield of 12.16%. RAIT Financial Trust’s dividend payout ratio is currently -109.09%.

RAIT Financial Trust Company Profile

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.

5 Day Chart for NYSE:RAS

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