RAIT Financial Trust (RAS) : 3 brokerage houses believe that RAIT Financial Trust (RAS) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on RAIT Financial Trust (RAS). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.
RAIT Financial Trust (RAS) : The highest level RAIT Financial Trust (RAS) is projected to reach is $4 for the short term and the lowest estimate is at $3. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $3.53 and the possibility the share price can swing is $0.26.
For the current week, the company shares have a recommendation consensus of Buy. RAIT Financial Trust (NYSE:RAS): The stock opened at $3.05 on Thursday but the bulls could not build on the opening and the stock topped out at $3.07 for the day. The stock traded down to $2.88 during the day, due to lack of any buying support eventually closed down at $3.00 with a loss of -1.32% for the day. The stock had closed at $3.04 on the previous day. The total traded volume was 835,728 shares.
In a related news, Schaeffer Scott, CEO of Rait Financial Trust, had purchased 23,700 shares on March 1, 2016. The total value of the transaction was $65,649. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
RAIT Financial Trust (RAIT) is a self-managed and self-advised real estate investment trust (REIT). RAIT uses its vertically integrated platform and relationships to originate commercial real estate loans, acquire commercial real estate properties and invest in, manage and service commercial real estate assets. The Company operates through the following segments: real estate lending, owning and managing, and Independence Realty Trust (IRT). The Companys real estate lending, owning and managing segment concentrates on lending, owning and managing commercial real estate assets throughout the United States. The Companys investment may range from first mortgage loans to equity ownership of a commercial real estate property. The Company manages its investments in-house through its asset management and property management professionals.