RAIT Financial Trust (NYSE:RAS) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Saturday.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. B. Riley reissued a “neutral” rating on shares of RAIT Financial Trust in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. RAIT Financial Trust currently has a consensus rating of “Hold” and an average target price of $1.78.
Shares of RAIT Financial Trust (NYSE RAS) opened at $0.41 on Friday. The company has a quick ratio of 8.50, a current ratio of 8.50 and a debt-to-equity ratio of 8.39. The firm has a market capitalization of $37.88, a PE ratio of -0.17 and a beta of 1.51. RAIT Financial Trust has a twelve month low of $0.28 and a twelve month high of $3.91.
Institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted its holdings in shares of RAIT Financial Trust by 162.4% during the second quarter. GSA Capital Partners LLP now owns 265,132 shares of the real estate investment trust’s stock worth $581,000 after purchasing an additional 164,100 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of RAIT Financial Trust by 236.1% during the second quarter. Goldman Sachs Group Inc. now owns 979,408 shares of the real estate investment trust’s stock worth $2,145,000 after purchasing an additional 688,000 shares during the period. Cetera Investment Advisers acquired a new stake in shares of RAIT Financial Trust during the second quarter worth about $1,348,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of RAIT Financial Trust during the second quarter worth about $297,000. Finally, Teachers Advisors LLC lifted 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 worth $367,000 after purchasing an additional 8,449 shares during the period. 51.77% of the stock is 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.
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