RAIT Financial Trust Coverage Initiated at JMP Securities (RAS)
Analysts at JMP Securities assumed coverage on shares of RAIT Financial Trust (NYSE:RAS) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
RAS has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of RAIT Financial Trust from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 20th. They now have a $7.50 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of RAIT Financial Trust in a research note on Monday, July 28th. They set a “market perform” rating and a $8.50 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $9.06.
RAIT Financial Trust (NYSE:RAS) opened at 8.06 on Tuesday. RAIT Financial Trust has a one year low of $6.16 and a one year high of $9.21. The stock has a 50-day moving average of $7.91 and a 200-day moving average of $8.09. The company’s market cap is $665.0 million.
RAIT Financial Trust (NYSE:RAS) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.04. The company had revenue of $73.26 million for the quarter, compared to the consensus estimate of $34.91 million. Analysts expect that RAIT Financial Trust will post $1.06 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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