RAIT Financial Trust (RAS) Shares are Up 0.33%

RAIT Financial Trust (RAS) has been under a strong bear grip, hence the stock is down -4.14% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.36% in the past 1 week. The stock has risen by 0.33% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.77% in the past 4 weeks.

RAIT Financial Trust is up 4% in the last 3-month period. Year-to-Date the stock performance stands at 24.43%. The stock has recorded a 20-day Moving Average of 2.1% and the 50-Day Moving Average is 1.05%.


RAIT Financial Trust (NYSE:RAS): The stock opened at $3.06 on Friday but the bulls could not build on the opening and the stock topped out at $3.09 for the day. The stock traded down to $3.00 during the day, due to lack of any buying support eventually closed down at $3.06 with a loss of -0.65% for the day. The stock had closed at $3.08 on the previous day. The total traded volume was 311,166 shares.

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.

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