RAIT Financial Trust (NYSE:RAS) Scheduled to Post Earnings on Tuesday

RAIT Financial Trust (NYSE:RAS) will release its earnings data before the market opens on Tuesday, August 8th. Analysts expect RAIT Financial Trust to post earnings of $0.03 per share for the quarter.

RAIT Financial Trust (NYSE:RAS) last announced its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The firm had revenue of $29.60 million during the quarter, compared to analysts’ expectations of $32.20 million. RAIT Financial Trust had a return on equity of 3.41% and a net margin of 11.06%. During the same period in the previous year, the firm earned ($0.20) EPS. On average, analysts expect RAIT Financial Trust to post $0.17 EPS for the current fiscal year and $0.24 EPS for the next fiscal year.

Shares of RAIT Financial Trust (RAS) remained flat at $2.00 during trading on Tuesday. 143,033 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $2.12 and its 200-day moving average price is $2.81. The stock’s market capitalization is $185.38 million. RAIT Financial Trust has a 1-year low of $1.88 and a 1-year high of $3.91.

In other RAIT Financial Trust news, insider Thomas D. Wren acquired 45,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were bought at an average price of $2.29 per share, for a total transaction of $103,050.00. Following the completion of the transaction, the insider now owns 45,000 shares of the company’s stock, valued at approximately $103,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded RAIT Financial Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. ValuEngine downgraded RAIT Financial Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $3.00.

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.