RAIT Financial Trust (NYSE:RAS) shares traded up 6.3% during trading on Tuesday . The stock traded as high as $0.36 and last traded at $0.34. 994,600 shares changed hands during trading, an increase of 8% from the average session volume of 921,023 shares. The stock had previously closed at $0.32.

Several research analysts recently commented on the stock. B. Riley reiterated a “neutral” rating on shares of RAIT Financial Trust in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, ValuEngine lowered shares of RAIT Financial Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research 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 a consensus rating of “Hold” and an average 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.

A number of large investors have recently added to or reduced their stakes in RAS. Goldman Sachs Group Inc. grew 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 worth $2,145,000 after purchasing an additional 688,000 shares during the last quarter. Cetera Investment Advisers purchased a new stake in RAIT Financial Trust during the 2nd quarter worth approximately $1,348,000. GSA Capital Partners LLP grew its position in RAIT Financial Trust by 162.4% during the 2nd quarter. GSA Capital Partners LLP now owns 265,132 shares of the real estate investment trust’s stock worth $581,000 after purchasing an additional 164,100 shares during the last quarter. Geode Capital Management LLC grew its position in RAIT Financial Trust by 25.8% during the 1st quarter. Geode Capital Management LLC now owns 730,333 shares of the real estate investment trust’s stock worth $2,336,000 after purchasing an additional 149,725 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in RAIT Financial Trust during the 2nd quarter worth approximately $297,000. 51.77% of the stock is currently owned by institutional investors.

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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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