Today’s Dividend Alert: RAIT Financial Trust (NYSE:RAS) expected to pay $0.09 on Oct 31, 2016

Today's Dividend Alert: RAIT Financial Trust (NYSE:RAS) expected to pay $0.09 on Oct 31, 2016

RAIT Financial Trust (NYSE:RAS) is expected to pay $0.09 on Oct 31, 2016. The indicated annual dividend is $0.36. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on RAIT Financial Trust’s current price of $3.36, the dividend is 2.68%. This dividend’s record date is Oct 7, 2016 and the announcement date is Sep 20, 2016. The stock decreased 0.59% or $0.02 on October 3, hitting $3.36. RAIT Financial Trust (NYSE:RAS) has risen 21.74% since March 1, 2016 and is uptrending. It has outperformed by 12.50% the S&P500.

RAIT Financial Trust is a self-managed and self-advised real estate investment trust (REIT). The company has a market cap of $309.75 million. RAIT uses its vertically integrated platform and relationships to originate commercial real estate loans, acquire commercial real estate properties and invest in, manage and service commercial real estate assets. It currently has negative earnings. The Company’s divisions are real estate lending, owning and managing segment, Independence Realty Trust, Inc. (IRT) segment and Taberna Securitization segment.

Insitutional Activity: The institutional sentiment increased to 1.51 in 2016 Q2. Its up 0.39, from 1.12 in 2016Q1. The ratio increased, as 9 funds sold all RAIT Financial Trust shares owned while 28 reduced positions. 16 funds bought stakes while 40 increased positions. They now own 49.96 million shares or 4.49% less from 52.31 million shares in 2016Q1.
Holt Cap Ltd Dba Holt Cap Prtnrs L P holds 283,333 shares or 0.36% of its portfolio. D E Shaw And Co Inc has 11,260 shares for 0% of their US portfolio. Strs Ohio has invested 0% of its portfolio in RAIT Financial Trust (NYSE:RAS). Moors And Cabot has 0.01% invested in the company for 17,830 shares. Highland Cap Management L P has 0.38% invested in the company for 2.94 million shares. Blackrock Inv Mngmt Limited Liability Co holds 365,801 shares or 0% of its portfolio. Prudential Fincl has 366,396 shares for 0% of their US portfolio. The Florida-based State Board Of Administration Of Florida Retirement System has invested 0% in RAIT Financial Trust (NYSE:RAS). The Minnesota-based Foundry Prtn Ltd Co has invested 0.25% in RAIT Financial Trust (NYSE:RAS). Ubs Asset Mgmt Americas owns 35,097 shares or 0% of their US portfolio. Moreover, Lsv Asset Mngmt has 0% invested in RAIT Financial Trust (NYSE:RAS) for 327,107 shares. The New York-based Metropolitan Life Insurance Co Ny has invested 0% in RAIT Financial Trust (NYSE:RAS). Northern has invested 0% of its portfolio in RAIT Financial Trust (NYSE:RAS). Financial Bank Of America Corporation De owns 6,365 shares or 0% of their US portfolio. Sei Invests holds 0% of its portfolio in RAIT Financial Trust (NYSE:RAS) for 500 shares.

RAIT Financial Trust (NYSE:RAS) Ratings Coverage

Out of 7 analysts covering RAIT Financial Trust (NYSE:RAS), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. RAIT Financial Trust has been the topic of 9 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Mkt Perform” rating by JMP Securities given on Wednesday, December 9. The stock of RAIT Financial Trust (NYSE:RAS) earned “Outperform” rating by FBR Capital on Friday, February 26. Ladenburg Thalmann upgraded RAIT Financial Trust (NYSE:RAS) on Monday, August 3 to “Buy” rating. Compass Point downgraded the stock to “Neutral” rating in Thursday, December 10 report. Deutsche Bank maintained it with “Buy” rating and $3.60 target price in Monday, March 14 report. The stock has “Outperform” rating given by FBR Capital on Friday, January 22.

More notable recent RAIT Financial Trust (NYSE:RAS) news were published by: Reuters.com which released: “BRIEF-Independence Realty to enter into agreement with RAIT Financial Trus…” on September 27, 2016, also Streetinsider.com with their article: “Independence Realty Trust (IRT), RAIT Financial Trust (RAS) Enter Agreement on …” published on September 27, 2016, Fool.com published: “Why RAIT Financial Trust Real Estate Trust Stock Is Plummeting Today” on December 08, 2015. More interesting news about RAIT Financial Trust (NYSE:RAS) were released by: Businesswire.com and their article: “RAIT Financial Trust Announces Third Quarter Cash Dividend on its Common Shares” published on September 19, 2016 as well as Businesswire.com‘s news article titled: “RAIT Financial Trust Announces Second Quarter 2016 Financial Results” with publication date: August 05, 2016.

RAS Company Profile

RAIT Financial Trust (RAIT), incorporated on August 14, 1997, is a self-managed and self-advised real estate investment trust (REIT). RAIT uses its vertically integrated platform and relationships to originate commercial real estate loans, acquire commercial real estate properties and invest in, manage and service commercial real estate assets. The Company’s divisions are real estate lending, owning and managing segment, Independence Realty Trust, Inc. (IRT) segment and Taberna Securitization segment. The Company’s real estate lending, owning and managing segment concentrates on lending, owning and managing commercial real estate assets throughout the United States. The Company’s investment may range from first mortgage loans to equity ownership of a commercial real estate property. The Firm manages its investments in-house through its asset management and property management professionals. The Company’s IRT segment concentrates on the ownership of apartment properties in opportunistic markets throughout the United States. The Company’s Taberna Securitization segment includes the ownership and management of approximately three real estate trust preferred securitizations.

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