RAIT Financial Trust (RAS) Sets New 1-Year Low at $0.22
RAIT Financial Trust (NYSE:RAS) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $0.22 and last traded at $0.22, with a volume of 5309193 shares. The stock had previously closed at $0.44.
Several research firms have recently commented on RAS. ValuEngine downgraded RAIT Financial Trust from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. B. Riley reiterated a “neutral” rating on shares of RAIT Financial Trust in a report on Friday, November 3rd. Finally, Zacks Investment Research raised RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $1.78.
The company has a debt-to-equity ratio of 8.39, a current ratio of 8.50 and a quick ratio of 8.50. The company has a market cap of $43.95, a P/E ratio of -0.24 and a beta of 1.99.
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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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