James Dondero’s Highland Capital Management Lp Disclosed New Rait Financial Trust Position

February 14, 2018 - By Adrian Erickson

 James Dondero's Highland Capital Management Lp Disclosed New Rait Financial Trust Position

Investors sentiment decreased to 0.47 in Q3 2017. Its down 0.57, from 1.04 in 2017Q2. It dropped, as 30 investors sold RAIT Financial Trust shares while 29 reduced holdings. 10 funds opened positions while 18 raised stakes. 47.82 million shares or 12.47% less from 54.63 million shares in 2017Q2 were reported.

4,564 were reported by Manufacturers Life Insur The. Invesco Ltd holds 402,716 shares. Bankshares Of New York Mellon owns 0% invested in RAIT Financial Trust (NYSE:RAS) for 522,437 shares. California Pub Employees Retirement accumulated 673,416 shares or 0% of the stock. Tudor Investment Corporation Et Al owns 0% invested in RAIT Financial Trust (NYSE:RAS) for 66,662 shares. National Bank & Trust Of Montreal Can holds 5,000 shares. Pinnacle invested 0.01% in RAIT Financial Trust (NYSE:RAS). Legal And General Group Public Ltd accumulated 0% or 24,922 shares. Eubel Brady & Suttman Asset Mgmt Inc accumulated 38,781 shares or 0.01% of the stock. 353,882 are held by Parametric Associates Limited Liability Company. Tricadia Capital Limited Liability Company holds 2.1% of its portfolio in RAIT Financial Trust (NYSE:RAS) for 6.66M shares. Natixis reported 0% in RAIT Financial Trust (NYSE:RAS). Strs Ohio invested in 28,500 shares. Great West Life Assurance Can stated it has 0% in RAIT Financial Trust (NYSE:RAS). The Massachusetts-based State Street Corporation has invested 0% in RAIT Financial Trust (NYSE:RAS).

The New James Dondero’s Highland Capital Management Lp Holding in Rait Financial Trust

Highland Capital Management Lp reported SC 13G form with the SEC for Rait Financial Trust. Access it here: 000119312518042510. As reported by James Dondero’s Highland Capital Management Lp, the filler owns 5% or 4,691,811 shares of the Finance–company.

Rait Financial Trust stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows James Dondero’s Highland Capital Management Lp’s positive view for Rait Financial Trust. For a hedge fund managing $15.04 billion in assets and having 105+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of James Dondero’s Highland Capital Management Lp’s portfolio is in the sector.

Rait Financial Trust Institutional Sentiment

Filings show 115 investors own Rait Financial Trust. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 7910790. 41709607 were owned by these investors. 19 funds opened new Rait Financial Trust stakes, 46 increased positions. There were 9 that closed positions and 36 reduced them.

David Dreman Dreman Value Management Llc is an investor bullish on Rait Financial Trust, owning 1427332 shares as of Q3 2015 for 0.71% of its portfolio. Holt Capital Advisors Llc Dba Holt Capital Partners Lp owns 283333 shares or 0.59% of its portfolio. NJ Advisors Capital Management Llc have 1.22% of its portfolio for 2248732 shares. Further, Cetera Advisors Llc reported stake worth 0.70% of its portfolio. The CA Orinda Asset Management Llc owns 316842 shares. Rait Financial Trust is 1.98% of its portfolio.

Business 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. It offers personalized middle-market financing solutions and a complement of lending products for CRE. The Company may also offer mezzanine loans and preferred equity interests in limited circumstances to support first lien loans. It is engaged in floating rate securitization programs and has access to multiple sources of funding, including senior debt, convertible securities, preferred securities and common securities. The Company also owns and manages a portfolio of CRE properties, and manages real estate assets for third parties. The Company is engaged in lending, owning and managing CRE assets throughout the United States.

SEC Form 13G.

James Dondero’s Highland Capital Management Lp website.

Analysts await RAIT Financial Trust (NYSE:RAS) to report earnings on February, 23. They expect $0.02 earnings per share, down 71.43 % or $0.05 from last year’s $0.07 per share. RAS’s profit will be $1.86M for 5.95 P/E if the $0.02 EPS becomes a reality. After $-0.01 actual earnings per share reported by RAIT Financial Trust for the previous quarter, Wall Street now forecasts -300.00 % EPS growth.

The stock increased 0.06% or $0.0003 during the last trading session, reaching $0.4761. About 343,418 shares traded. RAIT Financial Trust (NYSE:RAS) has declined 22.26% since February 14, 2017 and is downtrending. It has underperformed by 38.96% the S&P500.

RAIT Financial Trust is an internal

RAIT Financial Trust (NYSE:RAS) Ratings Coverage

Among 7 analysts covering RAIT Financial Trust (NYSE:RAS), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. RAIT Financial Trust has $7.50 highest and $1.2500 lowest target. $4.35’s average target is 813.67% above currents $0.4761 stock price. RAIT Financial Trust had 13 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was downgraded by Compass Point to “Neutral” on Thursday, December 10. The firm has “Buy” rating given on Monday, August 3 by Ladenburg Thalmann. Deutsche Bank maintained the shares of RAS in report on Monday, March 14 with “Buy” rating. The firm has “Market Underperform” rating by JMP Securities given on Wednesday, August 9. As per Wednesday, December 9, the company rating was downgraded by JMP Securities. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, August 15 report. FBR Capital maintained the stock with “Outperform” rating in Friday, February 26 report. The firm has “Outperform” rating given on Friday, January 22 by FBR Capital. The stock of RAIT Financial Trust (NYSE:RAS) earned “Hold” rating by Deutsche Bank on Thursday, March 2. As per Tuesday, August 15, the company rating was downgraded by FBR Capital.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: