Wells Fargo & Company MN raised its holdings in RAIT Financial Trust (NYSE:RAS) by 23.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,247 shares of the real estate investment trust’s stock after purchasing an additional 15,616 shares during the quarter. Wells Fargo & Company MN owned 0.09% of RAIT Financial Trust worth $182,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in RAIT Financial Trust in the second quarter valued at $297,000. IndexIQ Advisors LLC raised its position in RAIT Financial Trust by 12.0% in the second quarter. IndexIQ Advisors LLC now owns 109,483 shares of the real estate investment trust’s stock valued at $240,000 after purchasing an additional 11,752 shares during the period. Rhumbline Advisers raised its position in RAIT Financial Trust by 1.2% in the second quarter. Rhumbline Advisers now owns 108,361 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 1,313 shares during the period. Forsta AP Fonden purchased a new stake in RAIT Financial Trust in the second quarter valued at $442,000. Finally, Goldman Sachs Group Inc. raised its position in RAIT Financial Trust by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 291,408 shares of the real estate investment trust’s stock valued at $933,000 after purchasing an additional 100,919 shares during the period. Institutional investors own 54.55% of the company’s stock.

A number of equities research analysts have commented on the company. Deutsche Bank AG reduced their target price on RAIT Financial Trust from $2.75 to $1.60 and set a “hold” rating on the stock in a research report on Tuesday, August 15th. ValuEngine downgraded RAIT Financial Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. FBR & Co downgraded RAIT Financial Trust from a “buy” rating to a “neutral” rating and reduced their target price for the company from $3.00 to $1.25 in a research report on Tuesday, August 15th. Zacks Investment Research upgraded RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, B. Riley restated a “neutral” rating on shares of RAIT Financial Trust in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. RAIT Financial Trust has a consensus rating of “Hold” and a consensus price target of $1.78.

Shares of RAIT Financial Trust (NYSE RAS) opened at $0.40 on Friday. RAIT Financial Trust has a one year low of $0.36 and a one year high of $3.91. The company has a debt-to-equity ratio of 8.39, a quick ratio of 8.50 and a current ratio of 8.50.

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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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Institutional Ownership by Quarter for RAIT Financial Trust (NYSE:RAS)

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