RAIT Financial Trust (RAS) Receives Average Rating of “Hold” from Analysts

RAIT Financial Trust (NYSE:RAS) has been given a consensus recommendation of “Hold” by the six research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $1.43.

A number of brokerages have commented on RAS. Zacks Investment Research upgraded shares of RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. ValuEngine lowered shares of RAIT Financial Trust from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Finally, B. Riley reiterated a “neutral” rating on shares of RAIT Financial Trust in a report on Friday, November 3rd.

A number of hedge funds have recently modified their holdings of the business. Rhumbline Advisers lifted its holdings in RAIT Financial Trust by 1.2% in the 2nd quarter. Rhumbline Advisers now owns 108,361 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 1,313 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in RAIT Financial Trust by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 107,777 shares of the real estate investment trust’s stock worth $236,000 after buying an additional 4,300 shares in the last quarter. Teachers Advisors LLC lifted its holdings in RAIT Financial Trust by 5.3% in the 2nd quarter. Teachers Advisors LLC now owns 167,388 shares of the real estate investment trust’s stock worth $367,000 after buying an additional 8,449 shares in the last quarter. Voya Investment Management LLC lifted its holdings in RAIT Financial Trust by 16.9% in the 2nd quarter. Voya Investment Management LLC now owns 65,583 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 9,472 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in RAIT Financial Trust by 23.1% in the 2nd quarter. Wells Fargo & Company MN now owns 83,247 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 15,616 shares in the last quarter. Hedge funds and other institutional investors own 51.77% of the company’s stock.

Shares of RAIT Financial Trust (RAS) opened at $0.52 on Friday. The company has a current ratio of 8.50, a quick ratio of 8.50 and a debt-to-equity ratio of 8.39. RAIT Financial Trust has a 12-month low of $0.28 and a 12-month high of $3.91. The firm has a market cap of $48.38, a price-to-earnings ratio of -0.22 and a beta of 1.51.

RAIT Financial Trust (NYSE:RAS) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. RAIT Financial Trust had a negative net margin of 45.47% and a negative return on equity of 50.11%. analysts anticipate that RAIT Financial Trust will post 0.01 earnings per share for the current year.

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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.

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