RAIT Financial Trust Declares Quarterly Dividend of $0.15 (RAS)
RAIT Financial Trust (NYSE:RAS) declared a quarterly dividend on Tuesday, September 10th, Analyst Ratings Network.com reports. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.15 per share on Thursday, October 31st. This represents a $0.60 dividend on an annualized basis and a yield of 9.27%. The ex-dividend date of this dividend is Tuesday, October 1st.
On the ratings front, analysts at Zacks upgraded shares of RAIT Financial Trust (NYSE:RAS) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 3rd. They now have a $9.00 price target on the stock.
One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $8.18.
RAIT Financial Trust (NYSE:RAS) opened at 6.47 on Wednesday. RAIT Financial Trust has a 52 week low of $4.92 and a 52 week high of $8.85. The stock has a 50-day moving average of $6.88 and a 200-day moving average of $7.59. The company’s market cap is $454.5 million.
RAIT Financial Trust (NYSE:RAS) last announced its earnings results on Thursday, August 1st. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.04. The company had revenue of $58.60 million for the quarter, compared to the consensus estimate of $34.08 million.
RAIT Financial Trust (NYSE:RAS) is a self-managed and self-advised real estate investment trust (REIT).
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