The stock of RAIT Financial Trust (NYSE:RAS) is a huge mover today! About 221,505 shares traded hands. RAIT Financial Trust (NYSE:RAS) has risen 3.83% since April 14, 2016 and is uptrending. It has underperformed by 0.85% the S&P500.
The move comes after 5 months positive chart setup for the $281.23 million company. It was reported on Nov, 16 by Barchart.com. We have $4.36 PT which if reached, will make NYSE:RAS worth $126.55 million more.
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. Deutsche Bank maintained RAIT Financial Trust (NYSE:RAS) on Monday, March 14 with “Buy” rating. The firm has “Mkt Perform” rating given on Wednesday, December 9 by JMP Securities. As per Monday, August 3, the company rating was upgraded by Ladenburg Thalmann. FBR Capital maintained RAIT Financial Trust (NYSE:RAS) rating on Friday, February 26. FBR Capital has “Outperform” rating and $3.25 price target. On Thursday, December 10 the stock rating was downgraded by Compass Point to “Neutral”. The firm earned “Outperform” rating on Friday, January 22 by FBR Capital.
According to Zacks Investment Research, “RAIT Financial Trust is an internally-managed real estate investment trust. It provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. RAIT originates secured and unsecured credit facilities including bridge and mezzanine loans, preferred equity investments, trust preferred securities and subordinated debt for private and corporate owners of commercial real estate, REITs, and real estate operating companies and their intermediaries. The Company is also an asset and property manager of real estate-related assets. RAIT Investment Trust is based in Philadelphia, Pennsylvania.”
Insitutional Activity: The institutional sentiment increased to 1.51 in Q2 2016. Its up 0.39, from 1.12 in 2016Q1. The ratio improved, 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.
Teacher Retirement System Of Texas, a Texas-based fund reported 12,824 shares. Lpl Financial Lc accumulated 31,596 shares or 0% of the stock. Ballentine Ltd Liability has 14,534 shares for 0% of their US portfolio. The Maryland-based Price T Rowe Assoc Incorporated Md has invested 0% in RAIT Financial Trust (NYSE:RAS). Teachers Inc last reported 0% of its portfolio in the stock. Blackrock Advsrs Limited Liability Company owns 35,609 shares or 0% of their US portfolio. Tudor Corp Et Al last reported 0% of its portfolio in the stock. Great West Life Assurance Can holds 6,500 shares or 0% of its portfolio. Clarivest Asset Mgmt Ltd Company holds 91 shares or 0% of its portfolio. Fmr Limited Liability Corporation has 40,100 shares for 0% of their US portfolio. Jpmorgan Chase And reported 2.37 million shares or 0% of all its holdings. Art Advsrs Llc has 154,795 shares for 0.02% of their US portfolio. Goldman Sachs last reported 108,177 shares in the company. Amalgamated Bank holds 0% of its portfolio in RAIT Financial Trust (NYSE:RAS) for 10,019 shares. Eubel Brady Suttman Asset Mngmt Incorporated reported 47,739 shares or 0.05% of all its holdings.
More notable recent RAIT Financial Trust (NYSE:RAS) news were published by: Reuters.com which released: “BRIEF-RAIT Financial Trust files for non-timely 10-Q – SEC filing” on November 10, 2016, also Reuters.com with their article: “BRIEF-Rait Financial Trust announces new independent chairman of the board…” published on October 24, 2016, Therealdeal.com published: “RAIT Financial sells Miami Gardens apartments for $36M” on November 10, 2016. More interesting news about RAIT Financial Trust (NYSE:RAS) were released by: Reuters.com and their article: “BRIEF-RAIT Financial Trust enters employment agreement with Scott Davidson” published on November 07, 2016 as well as Businesswire.com‘s news article titled: “RAIT Financial Trust Announces Third Quarter 2016 Financial Results” with publication date: November 03, 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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