RAIT Financial Trust Announces Quarterly Dividend of $0.18 (RAS)
RAIT Financial Trust (NYSE:RAS) announced a quarterly dividend on Friday, June 13th, Stock Ratings Network reports. Investors of record on Friday, July 11th will be paid a dividend of 0.18 per share on Thursday, July 31st. This represents a $0.72 annualized dividend and a dividend yield of 9.03%. The ex-dividend date is Wednesday, July 9th.
A number of research firms have recently commented on RAS. Analysts at Zacks downgraded shares of RAIT Financial Trust from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 3rd. They now have a $7.40 price target on the stock. Analysts at MLV & Co
initiated coverage on shares of RAIT Financial Trust in a research note on Tuesday, June 3rd. They set a “buy” rating and a $10.00 price target on the stock.
Shares of RAIT Financial Trust (NYSE:RAS) opened at 7.97 on Friday. RAIT Financial Trust has a 52-week low of $6.16 and a 52-week high of $9.21. The stock has a 50-day moving average of $7.97 and a 200-day moving average of $8.28. The company’s market cap is $655.9 million.
RAIT Financial Trust (NYSE:RAS) last released its earnings data on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.05. The company had revenue of $67.31 million for the quarter, compared to the consensus estimate of $37.28 million. Analysts expect that RAIT Financial Trust will post $1.16 EPS for the current fiscal year.
RAIT Financial Trust (NYSE:RAS) is a self-managed and self-advised real estate investment trust (REIT).
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