FY2017 EPS Estimates for RAIT Financial Trust (RAS) Lowered by B. Riley

RAIT Financial Trust (NYSE:RAS) – B. Riley lowered their FY2017 EPS estimates for shares of RAIT Financial Trust in a research note issued on Thursday. B. Riley analyst J. Levi-Ribner now expects that the real estate investment trust will earn $0.01 per share for the year, down from their prior estimate of $0.02. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for RAIT Financial Trust’s Q4 2017 earnings at $0.01 EPS, Q4 2018 earnings at $0.01 EPS, Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.02 EPS, Q4 2019 earnings at $0.03 EPS and FY2019 earnings at $0.08 EPS.

RAS has been the subject of several other reports. Zacks Investment Research upgraded RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. ValuEngine cut RAIT Financial Trust from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company currently 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 Friday. The firm has a market capitalization of $37.88, a PE ratio of -0.17 and a beta of 1.51. RAIT Financial Trust has a fifty-two week low of $0.28 and a fifty-two week high of $3.91. The company has a current ratio of 8.50, a quick ratio of 8.50 and a debt-to-equity ratio of 8.39.

Hedge funds have recently modified their holdings of the stock. Tricadia Capital Management LLC raised its position in RAIT Financial Trust by 0.5% during the 2nd quarter. Tricadia Capital Management LLC now owns 6,656,391 shares of the real estate investment trust’s stock valued at $14,578,000 after purchasing an additional 34,011 shares during the last quarter. State Street Corp raised its position in RAIT Financial Trust by 4.3% during the 2nd quarter. State Street Corp now owns 2,246,827 shares of the real estate investment trust’s stock valued at $4,925,000 after purchasing an additional 92,051 shares during the last quarter. Northern Trust Corp raised its position in RAIT Financial Trust by 1.6% during the 2nd quarter. Northern Trust Corp now owns 1,126,107 shares of the real estate investment trust’s stock valued at $2,467,000 after purchasing an additional 17,491 shares during the last quarter. Goldman Sachs Group Inc. raised its position in RAIT Financial Trust by 236.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 979,408 shares of the real estate investment trust’s stock valued at $2,145,000 after purchasing an additional 688,000 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in RAIT Financial Trust during the 2nd quarter valued at approximately $1,348,000. Institutional investors own 51.77% 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.

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

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