Royal Bank of Canada lowered its position in shares of RAIT Financial Trust (NYSE:RAS) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,858 shares of the real estate investment trust’s stock after selling 16,496 shares during the period. Royal Bank of Canada owned 0.12% of RAIT Financial Trust worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP increased its stake in shares of RAIT Financial Trust by 162.4% during the second quarter. GSA Capital Partners LLP now owns 265,132 shares of the real estate investment trust’s stock worth $581,000 after purchasing an additional 164,100 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of RAIT Financial Trust by 236.1% during the second quarter. Goldman Sachs Group Inc. now owns 979,408 shares of the real estate investment trust’s stock worth $2,145,000 after purchasing an additional 688,000 shares during the period. Forsta AP Fonden bought a new position in shares of RAIT Financial Trust during the second quarter worth approximately $442,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of RAIT Financial Trust during the second quarter worth approximately $297,000. Finally, Bank of New York Mellon Corp increased its stake in shares of RAIT Financial Trust by 3.4% during the first 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 purchasing an additional 14,880 shares during the period. Institutional investors own 54.55% of the company’s stock.

RAIT Financial Trust (RAS) opened at $0.41 on Wednesday. RAIT Financial Trust has a 52 week low of $0.36 and a 52 week high of $3.91. The company has a debt-to-equity ratio of 8.39, a current ratio of 8.50 and a quick ratio of 8.50.

A number of equities analysts have recently weighed in on RAS shares. Deutsche Bank AG lowered their target price 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. 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. B. Riley reiterated a “neutral” rating on shares of RAIT Financial Trust in a research note on Friday, November 3rd. Finally, FBR & Co lowered RAIT Financial Trust from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $3.00 to $1.25 in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. RAIT Financial Trust currently has an average rating of “Hold” and a consensus target price of $1.78.

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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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