RAIT Financial Trust (RAS) Holdings Lifted by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its position in shares of RAIT Financial Trust (NYSE:RAS) by 162.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,132 shares of the real estate investment trust’s stock after buying an additional 164,100 shares during the quarter. GSA Capital Partners LLP owned 0.29% of RAIT Financial Trust worth $581,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RAS. Royce & Associates LP boosted its stake in RAIT Financial Trust by 133.1% during the first quarter. Royce & Associates LP now owns 1,152,713 shares of the real estate investment trust’s stock worth $3,689,000 after buying an additional 658,166 shares during the period. Renaissance Technologies LLC boosted its stake in RAIT Financial Trust by 14.0% during the first quarter. Renaissance Technologies LLC now owns 4,163,100 shares of the real estate investment trust’s stock worth $13,322,000 after buying an additional 511,400 shares during the period. Forsta AP Fonden purchased a new position in RAIT Financial Trust during the second quarter worth $442,000. Vanguard Group Inc. boosted its stake in RAIT Financial Trust by 1.4% during the first quarter. Vanguard Group Inc. now owns 11,292,580 shares of the real estate investment trust’s stock worth $36,135,000 after buying an additional 155,549 shares during the period. Finally, Geode Capital Management LLC boosted its stake in RAIT Financial Trust by 25.8% during the first quarter. Geode Capital Management LLC now owns 730,333 shares of the real estate investment trust’s stock worth $2,336,000 after buying an additional 149,725 shares during the period. 59.89% of the stock is owned by institutional investors.

RAIT Financial Trust (NYSE:RAS) opened at 0.6605 on Tuesday. The stock’s market capitalization is $61.50 million. RAIT Financial Trust has a 1-year low of $0.52 and a 1-year high of $3.91. The firm’s 50-day moving average is $0.72 and its 200 day moving average is $1.93.

RAIT Financial Trust (NYSE:RAS) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). RAIT Financial Trust had a positive return on equity of 0.98% and a negative net margin of 99.46%. The company had revenue of $22.81 million during the quarter, compared to analyst estimates of $28.78 million. Equities analysts anticipate that RAIT Financial Trust will post ($1.84) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 30.28%. The ex-dividend date was Wednesday, August 23rd. RAIT Financial Trust’s dividend payout ratio (DPR) is presently -12.99%.

WARNING: “RAIT Financial Trust (RAS) Holdings Lifted by GSA Capital Partners LLP” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://ledgergazette.com/2017/10/10/rait-financial-trust-ras-holdings-lifted-by-gsa-capital-partners-llp.html.

Several research analysts have commented on RAS shares. ValuEngine lowered shares of RAIT Financial Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of RAIT Financial Trust from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Wednesday, July 5th. Deutsche Bank AG dropped their price objective on shares of RAIT Financial Trust from $2.75 to $1.60 and set a “hold” rating for the company in a research note on Tuesday, August 15th. FBR & Co lowered shares of RAIT Financial Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the stock fr

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RAS. Royce & Associates LP boosted its stake in RAIT Financial Trust by 133.1% during the first quarter. Royce & Associates LP now owns 1,152,713 shares of the real estate investment trust’s stock worth $3,689,000 after buying an additional 658,166 shares during the period. Renaissance Technologies LLC boosted its stake in RAIT Financial Trust by 14.0% during the first quarter. Renaissance Technologies LLC now owns 4,163,100 shares of the real estate investment trust’s stock worth $13,322,000 after buying an additional 511,400 shares during the period. Forsta AP Fonden purchased a new position in RAIT Financial Trust during the second quarter worth $442,000. Vanguard Group Inc. boosted its stake in RAIT Financial Trust by 1.4% during the first quarter. Vanguard Group Inc. now owns 11,292,580 shares of the real estate investment trust’s stock worth $36,135,000 after buying an additional 155,549 shares during the period. Finally, Geode Capital Management LLC boosted its stake in RAIT Financial Trust by 25.8% during the first quarter. Geode Capital Management LLC now owns 730,333 shares of the real estate investment trust’s stock worth $2,336,000 after buying an additional 149,725 shares during the period. 59.89% of the stock is owned by institutional investors.

RAIT Financial Trust (NYSE:RAS) opened at 0.6605 on Tuesday. The stock’s market capitalization is $61.50 million. RAIT Financial Trust has a 1-year low of $0.52 and a 1-year high of $3.91. The firm’s 50-day moving average is $0.72 and its 200 day moving average is $1.93.

RAIT Financial Trust (NYSE:RAS) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). RAIT Financial Trust had a positive return on equity of 0.98% and a negative net margin of 99.46%. The company had revenue of $22.81 million during the quarter, compared to analyst estimates of $28.78 million. Equities analysts anticipate that RAIT Financial Trust will post ($1.84) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 30.28%. The ex-dividend date was Wednesday, August 23rd. RAIT Financial Trust’s dividend payout ratio (DPR) is presently -12.99%.

WARNING: “RAIT Financial Trust (RAS) Holdings Lifted by GSA Capital Partners LLP” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://ledgergazette.com/2017/10/10/rait-financial-trust-ras-holdings-lifted-by-gsa-capital-partners-llp.html.

Several research analysts have commented on RAS shares. ValuEngine lowered shares of RAIT Financial Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of RAIT Financial Trust from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Wednesday, July 5th. Deutsche Bank AG dropped their price objective on shares of RAIT Financial Trust from $2.75 to $1.60 and set a “hold” rating for the company in a research note on Tuesday, August 15th. FBR & Co lowered shares of RAIT Financial Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $3.00 to $1.25 in a research note on Tuesday, August 15th. Finally, JMP Securities lowered shares of RAIT Financial Trust from a “market perform” rating to an “underperform” rating in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $1.78.

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.

Institutional Ownership by Quarter for RAIT Financial Trust (NYSE:RAS)

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