FY2017 EPS Estimates for RAIT Financial Trust (RAS) Decreased by B. Riley

RAIT Financial Trust (NYSE:RAS) – Stock analysts at B. Riley cut their FY2017 earnings estimates for shares of RAIT Financial Trust in a research note issued to investors on Thursday. B. Riley analyst J. Levi-Ribner now anticipates that the real estate investment trust will post earnings of $0.01 per share for the year, down from their previous estimate of $0.02. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for RAIT Financial Trust’s Q4 2017 earnings at $0.01 EPS, Q4 2018 earnings at $0.01 EPS, Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.02 EPS, Q4 2019 earnings at $0.03 EPS and FY2019 earnings at $0.08 EPS.

Several other research analysts have also recently weighed in on the stock. ValuEngine cut shares of RAIT Financial Trust from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research upgraded shares of RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $1.78.

Shares of RAIT Financial Trust (NYSE:RAS) opened at $0.41 on Friday. 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 has a 1 year low of $0.28 and a 1 year high of $3.91. The company has a market cap of $37.88, a P/E ratio of -0.17 and a beta of 1.51.

Several institutional investors have recently modified their holdings of the company. Tricadia Capital Management LLC boosted its stake in shares of RAIT Financial Trust by 0.5% during the 2nd quarter. Tricadia Capital Management LLC now owns 6,656,391 shares of the real estate investment trust’s stock worth $14,578,000 after acquiring an additional 34,011 shares during the last quarter. State Street Corp boosted its stake in shares of RAIT Financial Trust by 4.3% during the 2nd quarter. State Street Corp now owns 2,246,827 shares of the real estate investment trust’s stock worth $4,925,000 after acquiring an additional 92,051 shares during the last quarter. Northern Trust Corp boosted its stake in shares of RAIT Financial Trust by 1.6% during the 2nd quarter. Northern Trust Corp now owns 1,126,107 shares of the real estate investment trust’s stock worth $2,467,000 after acquiring an additional 17,491 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake 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 worth $2,145,000 after acquiring an additional 688,000 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of RAIT Financial Trust during the 2nd quarter worth $1,348,000. Institutional investors and hedge funds own 51.77% of the company’s stock.

WARNING: This story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://ledgergazette.com/2018/01/13/fy2017-eps-estimates-for-rait-financial-trust-ras-decreased-by-b-riley.html.

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.

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

Receive News & Ratings for RAIT Financial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RAIT Financial Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply