RAIT Financial Trust (RAS) Shares are Up 1.31%

RAIT Financial Trust (RAS) : Traders are bullish on RAIT Financial Trust (RAS) as it has outperformed the S&P 500 by a wide margin of 3.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.77%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.31% in the last 1 week, and is up 0.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.11% and the 50-Day Moving Average is 0.46%.The 200 Day SMA reached 10.12% RAIT Financial Trust has dropped 1.18% during the last 3-month period . Year-to-Date the stock performance stands at 25.65%.


RAIT Financial Trust (RAS) : Average target price received by RAIT Financial Trust (RAS) is $3.53 with an expected standard deviation of $0.26. The most aggressive target on the stock is $4, whereas the most downbeat target is $3. 3 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. RAIT Financial Trust (NYSE:RAS): The stock opened at $2.97 and touched an intraday high of $3.1 on Friday. During the day, the stock corrected to an intraday low of $2.94, however, the bulls stepped in and pushed the price higher to close in the green at $3.09 with a gain of 3.34% for the day. The total traded volume for the day was 989,677. The stock had closed at $3.09 in the previous trading session.

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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