News coverage about RAIT Financial Trust (NYSE:RAS) has been trending positive recently, according to Alpha One Sentiment Analysis. The research firm, a subsidiary of Accern, identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. RAIT Financial Trust earned a news sentiment score of 0.44 on Alpha One’s scale. Alpha One also gave news headlines about the real estate investment trust an impact score of 72 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the immediate future.
A number of research firms recently issued reports on RAS. Zacks Investment Research cut shares of RAIT Financial Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, February 14th. FBR & Co reissued a “buy” rating and issued a $3.75 price target on shares of RAIT Financial Trust in a research note on Monday, February 27th. Finally, Deutsche Bank AG cut shares of RAIT Financial Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from $3.00 to $2.75 in a research note on Thursday, March 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. RAIT Financial Trust currently has a consensus rating of “Hold” and an average target price of $3.25.
Shares of RAIT Financial Trust (NYSE:RAS) traded up 3.54% during midday trading on Friday, reaching $2.34. 780,899 shares of the company’s stock traded hands. The company’s market capitalization is $216.90 million. RAIT Financial Trust has a 52 week low of $2.18 and a 52 week high of $3.91. The stock’s 50 day moving average is $2.87 and its 200-day moving average is $3.17.
RAIT Financial Trust (NYSE:RAS) last announced its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. RAIT Financial Trust had a return on equity of 9.61% and a net margin of 11.18%. The business had revenue of $29.60 million during the quarter, compared to analysts’ expectations of $32.20 million. During the same quarter last year, the business posted ($0.20) earnings per share. On average, analysts forecast that RAIT Financial Trust will post ($0.29) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, May 26th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 15.93%. The ex-dividend date of this dividend is Wednesday, May 24th. RAIT Financial Trust’s dividend payout ratio is currently -138.46%.
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.
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