RAIT Financial Trust (NYSE:RAS) – Research analysts at B. Riley lifted their Q3 2018 earnings estimates for RAIT Financial Trust in a research report issued on Thursday. B. Riley analyst J. Levi-Ribner now forecasts that the real estate investment trust will post earnings of $0.02 per share for the quarter, up from their prior forecast of $0.01. B. Riley currently has a “Neutral” rating on the stock.

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

Shares of RAIT Financial Trust (NYSE RAS) opened at $0.41 on Monday. RAIT Financial Trust has a one year low of $0.28 and a one year high of $3.91. The stock has a market cap of $37.88, a PE ratio of -0.23 and a beta of 1.51. The company has a debt-to-equity ratio of 8.39, a quick ratio of 8.50 and a current ratio of 8.50.

RAIT Financial Trust (NYSE:RAS) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. RAIT Financial Trust had a negative net margin of 137.66% and a negative return on equity of 0.66%.

Institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL grew its stake in shares of RAIT Financial Trust by 112.8% in the 2nd quarter. Tudor Investment Corp ET AL now owns 57,888 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 30,685 shares during the period. Voya Investment Management LLC grew its stake in shares of RAIT Financial Trust by 16.9% in the 2nd quarter. Voya Investment Management LLC now owns 65,583 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 9,472 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of RAIT Financial Trust by 153.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 77,390 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 46,839 shares during the period. Wells Fargo & Company MN grew its stake in shares of RAIT Financial Trust by 23.1% in the 2nd quarter. Wells Fargo & Company MN now owns 83,247 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 15,616 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of RAIT Financial Trust by 28.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 101,754 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 22,438 shares during the period. 51.77% of the stock is owned by institutional investors and hedge funds.

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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.

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

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