News articles about RAIT Financial Trust (NYSE:RAS) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RAIT Financial Trust earned a news impact score of 0.14 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.7047916759883 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Would You Buy RAIT Financial Trust (NYSE:RAS) On These Analyst Ratings? (wisdomsave.com)
- Analyzing RAIT Financial Trust (NYSE:RAS) and Select Income REIT (SIR) (americanbankingnews.com)
- RAIT Financial: Forgive The Past And Buy For 50% Upside - Seeking Alpha (seekingalpha.com)
- Trading Scope: Following Levels on RAIT Financial Trust (RAS) - Berry Recorder (berryrecorder.com)
A number of analysts have recently issued reports on RAS shares. Zacks Investment Research raised shares of RAIT Financial Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. ValuEngine lowered shares of RAIT Financial Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, JMP Securities downgraded RAIT Financial Trust from a “market perform” rating to an “underperform” rating in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. RAIT Financial Trust presently has an average rating of “Hold” and an average price target of $3.00.
RAIT Financial Trust (NYSE:RAS) traded up 7.26% during trading on Monday, reaching $1.33. The company had a trading volume of 1,184,049 shares. RAIT Financial Trust has a 52-week low of $1.20 and a 52-week high of $3.91. The company’s market capitalization is $123.83 million. The company has a 50 day moving average price of $1.97 and a 200 day moving average price of $2.70.
RAIT Financial Trust (NYSE:RAS) last released its earnings results on Tuesday, August 8th. The real estate investment trust reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.08. The firm had revenue of $22.81 million during the quarter, compared to the consensus estimate of $28.78 million. RAIT Financial Trust had a negative net margin of 99.46% and a positive return on equity of 0.98%. On average, equities analysts forecast that RAIT Financial Trust will post ($0.35) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 15.04%. The ex-dividend date of this dividend is Wednesday, August 23rd. RAIT Financial Trust’s payout ratio is -23.38%.
In other news, insider Thomas D. Wren bought 45,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were purchased at an average price of $2.29 per share, for a total transaction of $103,050.00. Following the purchase, the insider now owns 45,000 shares of the company’s stock, valued at approximately $103,050. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.
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About RAIT Financial Trust
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.
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