RAIT Financial Trust (NYSE:RAS) shares traded down 0% during trading on Friday . The stock traded as low as $0.18 and last traded at $0.19. 1,897,751 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 2,737,653 shares. The stock had previously closed at $0.19.

A number of research analysts have commented on the stock. ValuEngine downgraded shares of RAIT Financial Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. B. Riley set a $1.00 target price on shares of RAIT Financial Trust and gave the company a “hold” rating in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $1.59.

The company has a quick ratio of 16.83, a current ratio of 16.83 and a debt-to-equity ratio of 8.39.

An institutional investor recently raised its position in RAIT Financial Trust stock. California Public Employees Retirement System raised its holdings in shares of RAIT Financial Trust (NYSE:RAS) by 34.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 903,409 shares of the real estate investment trust’s stock after purchasing an additional 229,993 shares during the period. California Public Employees Retirement System owned 0.97% of RAIT Financial Trust worth $339,000 at the end of the most recent reporting period. 40.75% of the stock is owned by institutional investors.

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RAIT Financial Trust Company 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.

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