RAIT Financial Trust (RAS) Given a $1.00 Price Target by B. Riley Analysts

RAIT Financial Trust (NYSE:RAS) received a $1.00 target price from stock analysts at B. Riley in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s price target indicates a potential upside of 400.00% from the stock’s previous close.

Several other equities analysts also recently weighed in on RAS. Zacks Investment Research raised RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. ValuEngine downgraded RAIT Financial Trust from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. RAIT Financial Trust has an average rating of “Hold” and an average target price of $1.59.

RAIT Financial Trust (RAS) opened at $0.20 on Wednesday. RAIT Financial Trust has a one year low of $0.18 and a one year high of $3.65. The firm has a market capitalization of $41.06, a P/E ratio of -0.11 and a beta of 1.99. The company has a quick ratio of 8.50, a current ratio of 8.50 and a debt-to-equity ratio of 8.39.

A number of large investors have recently made changes to their positions in RAS. Wells Fargo & Company MN grew its holdings in RAIT Financial Trust by 23.1% during 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 last quarter. Alliancebernstein L.P. grew its holdings in RAIT Financial Trust by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 107,777 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 4,300 shares during the last quarter. Teachers Advisors LLC grew its holdings in RAIT Financial Trust by 5.3% during the 2nd quarter. Teachers Advisors LLC now owns 167,388 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 8,449 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in RAIT Financial Trust by 166.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 214,290 shares of the real estate investment trust’s stock valued at $467,000 after buying an additional 134,005 shares during the last quarter. Finally, Northern Trust Corp grew its holdings 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 buying an additional 17,491 shares during the last quarter. Hedge funds and other institutional investors own 48.79% of the company’s stock.

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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.

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