RAIT Financial Trust Director Acquires $552,500 in Stock (RAS)
RAIT Financial Trust (NYSE:RAS) Director S. Wayne Finch bought 50,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of $11.05 per share, with a total value of $552,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of RAIT Financial Trust (NYSE:RAS) opened at 8.47 on Thursday. RAIT Financial Trust has a 1-year low of $6.16 and a 1-year high of $9.21. The stock has a 50-day moving average of $8.67 and a 200-day moving average of $7.56. The company’s market cap is $595.1 million.
RAIT Financial Trust (NYSE:RAS) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.33 earnings per share (EPS) for the quarter. The company had revenue of $62.40 million for the quarter, compared to the consensus estimate of $52.20 million. Analysts expect that RAIT Financial Trust will post $1.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Shareholders of record on Tuesday, January 7th will be given a dividend of 0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from RAIT Financial Trust’s previous quarterly dividend of $0.15.
RAIT Financial Trust (NYSE:RAS) is a self-managed and self-advised real estate investment trust (REIT).
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