RAIT Financial Trust (NYSE:RAS) – Analysts at B. Riley boosted their Q3 2018 earnings estimates for RAIT Financial Trust in a research note issued to investors on Thursday. B. Riley analyst J. Levi-Ribner now forecasts that the real estate investment trust will post earnings of $0.02 per share for the quarter, up from their previous estimate of $0.01. B. Riley currently has a “Neutral” rating on the stock.

Several other research firms have also issued reports on RAS. ValuEngine lowered shares of RAIT Financial Trust from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Investment Research raised shares of RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. RAIT Financial Trust has an average rating of “Hold” and an average target price of $1.78.

RAIT Financial Trust (RAS) opened at $0.41 on Monday. The company has a quick ratio of 8.50, a current ratio of 8.50 and a debt-to-equity ratio of 8.39. RAIT Financial Trust has a 1-year low of $0.28 and a 1-year high of $3.91. The stock has a market cap of $37.88, a price-to-earnings ratio of -0.23 and a beta of 1.51.

RAIT Financial Trust (NYSE:RAS) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. RAIT Financial Trust had a negative net margin of 137.66% and a negative return on equity of 0.66%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of RAIT Financial Trust by 1.2% during the second quarter. Rhumbline Advisers now owns 108,361 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 1,313 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of RAIT Financial Trust by 4.2% during the second quarter. Alliancebernstein L.P. now owns 107,777 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 4,300 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of RAIT Financial Trust by 5.3% during the second quarter. Teachers Advisors LLC now owns 167,388 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 8,449 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of RAIT Financial Trust by 16.9% during the second quarter. Voya Investment Management LLC now owns 65,583 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 9,472 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of RAIT Financial Trust by 23.1% during the second quarter. Wells Fargo & Company MN now owns 83,247 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 15,616 shares during the last quarter. 51.77% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for RAIT Financial Trust (NYSE:RAS)

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