RAIT Financial Trust (RAS) Downgraded by ValuEngine to “Hold”

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.

Several large investors have recently added to or reduced their stakes in RAS. Goldman Sachs Group Inc. lifted its position in shares of RAIT Financial Trust by 236.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 979,408 shares of the real estate investment trust’s stock valued at $2,145,000 after acquiring an additional 688,000 shares during the period. Cetera Investment Advisers bought a new stake in shares of RAIT Financial Trust during the 2nd quarter valued at $1,348,000. GSA Capital Partners LLP lifted its position in shares of RAIT Financial Trust by 162.4% during the 2nd quarter. GSA Capital Partners LLP now owns 265,132 shares of the real estate investment trust’s stock valued at $581,000 after acquiring an additional 164,100 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of RAIT Financial Trust during the 2nd quarter valued at $297,000. Finally, Ameriprise Financial Inc. lifted its position in shares of RAIT Financial Trust by 166.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 214,290 shares of the real estate investment trust’s stock valued at $467,000 after acquiring an additional 134,005 shares during the period. Hedge funds and other institutional investors own 51.77% of the company’s stock.

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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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