RAIT Financial Trust (RAS) Stock Price Down 0%
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.
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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