RAIT Financial Trust (RAS) Trading 6.3% Higher
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.
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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