Tricadia Capital Management buys $19.9 Million stake in RAIT Financial Trust (RAS)

RAIT Financial Trust (RAS) : Tricadia Capital Management scooped up 5,220,292 additional shares in RAIT Financial Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 6,622,380 shares of RAIT Financial Trust which is valued at $19.9 Million.RAIT Financial Trust makes up approximately 7.47% of Tricadia Capital Management’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in RAS in the latest quarter, The investment management firm added 2,698 additional shares and now holds a total of 340,783 shares of RAIT Financial Trust which is valued at $1 Million. Ballentine Partners added RAS to its portfolio by purchasing 14,534 company shares during the most recent quarter which is valued at $43,747.Rhumbline Advisers boosted its stake in RAS in the latest quarter, The investment management firm added 12,880 additional shares and now holds a total of 134,846 shares of RAIT Financial Trust which is valued at $401,841.Wedbush Securities Inc boosted its stake in RAS in the latest quarter, The investment management firm added 1,212 additional shares and now holds a total of 12,308 shares of RAIT Financial Trust which is valued at $36,678. RAIT Financial Trust makes up approx 0.01% of Wedbush Securities Inc’s portfolio.

RAIT Financial Trust opened for trading at $3 and hit $3.1 on the upside on Monday, eventually ending the session at $3.07, with a gain of 1.99% or 0.06 points. The heightened volatility saw the trading volume jump to 4,75,253 shares. Company has a market cap of $282 M.

Many Wall Street Analysts have commented on RAIT Financial Trust. Shares were Reiterated by Deutsche Bank on Mar 14, 2016 to “Buy” and Lowered the Price Target to $ 3.60 from a previous price target of $6.50 .Shares were Reiterated by FBR Capital on Feb 26, 2016 to “Outperform” and Lowered the Price Target to $ 3.25 from a previous price target of $3.50 .

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 Company’s real estate lending owning and managing segment concentrates on lending owning and managing commercial real estate assets throughout the United States. The Company’s 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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