RAIT Financial Trust (NYSE:RAS) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. B. Riley reaffirmed a “neutral” rating on shares of RAIT Financial Trust in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $1.78.
RAIT Financial Trust (NYSE:RAS) traded up $0.03 during trading on Friday, hitting $0.41. The stock had a trading volume of 958,648 shares, compared to its average volume of 1,280,000. The firm has a market cap of $37.88, a price-to-earnings ratio of -0.17 and a beta of 1.51. RAIT Financial Trust has a 52 week low of $0.28 and a 52 week high of $3.91. The company has a debt-to-equity ratio of 8.39, a current ratio of 8.50 and a quick ratio of 8.50.
RAIT Financial Trust Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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