RAIT Financial Trust (RAS) Receives Consensus Rating of “Hold” from Analysts
RAIT Financial Trust (NYSE:RAS) has earned an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $1.43.
A number of equities analysts recently issued reports on the stock. B. Riley reaffirmed a “neutral” rating on shares of RAIT Financial Trust in a research report on Friday, November 3rd. Zacks Investment Research raised shares of RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. ValuEngine lowered shares of RAIT Financial Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. FBR & Co lowered shares of RAIT Financial Trust from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $3.00 to $1.25 in a research report on Tuesday, August 15th. Finally, Deutsche Bank dropped their target price on shares of RAIT Financial Trust from $2.75 to $1.60 and set a “hold” rating on the stock in a research report on Tuesday, August 15th.
RAIT Financial Trust (NYSE:RAS) opened at $0.31 on Friday. RAIT Financial Trust has a 52-week low of $0.30 and a 52-week high of $3.91. The company has a quick ratio of 8.50, a current ratio of 8.50 and a debt-to-equity ratio of 8.39.
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About RAIT Financial Trust
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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