RAIT Financial Trust (RAS) Earning Somewhat Positive Media Coverage, Analysis Finds
Media coverage about RAIT Financial Trust (NYSE:RAS) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RAIT Financial Trust earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.004388127441 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Examining Fresh Signals: At Home Group Inc. (HOME), RAIT Financial Trust (RAS) – Market Movers (financialqz.com)
- Rait Financial Trust (RAS) Framework on Technical Valuation – AppsforPCdaily (appsforpcdaily.com)
- Will These Stocks Remain Hot? Hi-Crush Partners LP (HCLP), RAIT Financial Trust (RAS) – Market Movers (financialqz.com)
- Hot Stock under Consideration: RAIT Financial Trust (NYSE: RAS) – Alpha Beta Stock (alphabetastock.com)
- RAIT Financial Trust Announces Expected $25 Million Gain in the Fourth Quarter from Completion of Industrial … – Business Wire (press release) (businesswire.com)
Several equities research analysts recently commented on RAS shares. 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 cut RAIT Financial Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. B. Riley reissued a “neutral” rating on shares of RAIT Financial Trust in a research note on Friday, November 3rd. Deutsche Bank reduced their price objective on RAIT Financial Trust from $2.75 to $1.60 and set a “hold” rating for the company in a research note on Tuesday, August 15th. Finally, FBR & Co cut RAIT Financial Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $3.00 to $1.25 in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $1.78.
Shares of RAIT Financial Trust (NYSE RAS) traded up $0.01 during trading on Friday, reaching $0.33. The company’s stock had a trading volume of 647,320 shares, compared to its average volume of 1,280,000. The company has a quick ratio of 8.50, a current ratio of 8.50 and a debt-to-equity ratio of 8.39. RAIT Financial Trust has a 12-month low of $0.28 and a 12-month high of $3.91.
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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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