Somewhat Favorable Press Coverage Somewhat Unlikely to Affect RAIT Financial Trust (RAS) Share Price
Media headlines about RAIT Financial Trust (NYSE:RAS) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RAIT Financial Trust earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 44.8849419770082 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of RAIT Financial Trust (RAS) traded down $0.01 during trading on Friday, hitting $0.38. The company had a trading volume of 785,929 shares, compared to its average volume of 1,193,509. The company has a debt-to-equity ratio of 8.39, a quick ratio of 8.50 and a current ratio of 8.50. The company has a market capitalization of $35.46, a P/E ratio of -0.21 and a beta of 1.51. RAIT Financial Trust has a one year low of $0.28 and a one year high of $3.91.
A number of research firms have recently weighed in on RAS. ValuEngine lowered RAIT Financial Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, B. Riley reissued a “neutral” rating on shares of RAIT Financial Trust in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. RAIT Financial Trust currently has an average rating of “Hold” and a consensus target price of $1.78.
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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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