Ameriprise Financial Inc. increased its position in RAIT Financial Trust (NYSE:RAS) by 166.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 214,290 shares of the real estate investment trust’s stock after purchasing an additional 134,005 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.23% of RAIT Financial Trust worth $467,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Teachers Advisors LLC grew its stake in RAIT Financial Trust by 5.3% in the second quarter. Teachers Advisors LLC now owns 167,388 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 8,449 shares in the last quarter. Alliancebernstein L.P. grew its stake in RAIT Financial Trust by 4.2% in the second quarter. Alliancebernstein L.P. now owns 107,777 shares of the real estate investment trust’s stock worth $236,000 after purchasing an additional 4,300 shares in the last quarter. Wells Fargo & Company MN grew its stake in RAIT Financial Trust by 23.1% in the second quarter. Wells Fargo & Company MN now owns 83,247 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 15,616 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in RAIT Financial Trust in the second quarter worth approximately $297,000. Finally, IndexIQ Advisors LLC grew its stake in RAIT Financial Trust by 12.0% in the second quarter. IndexIQ Advisors LLC now owns 109,483 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 11,752 shares in the last quarter. 57.88% of the stock is currently owned by institutional investors.

RAIT Financial Trust (RAS) opened at $0.39 on Tuesday. The company has a quick ratio of 12.92, a current ratio of 12.92 and a debt-to-equity ratio of 7.99. RAIT Financial Trust has a 52 week low of $0.36 and a 52 week high of $3.91.

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Several research analysts recently issued reports on the company. B. Riley reissued a “neutral” rating on shares of RAIT Financial Trust in a research note on Friday, November 3rd. Zacks Investment Research raised RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. ValuEngine cut RAIT Financial Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. FBR & Co cut RAIT Financial Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $3.00 to $1.25 in a research note on Tuesday, August 15th. Finally, Deutsche Bank AG dropped their price objective on RAIT Financial Trust from $2.75 to $1.60 and set a “hold” rating on the stock in a research note on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $1.78.

RAIT Financial Trust Profile

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.

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

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