RAIT Financial Trust (RAS) : During the past 4 weeks, traders have been relatively bearish on RAIT Financial Trust (RAS), hence the stock is down -2.62% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.23% relative to the S&P 500. The 4-week change in the price of the stock is -1.61% and the stock has fallen -3.17% in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.45% and the 50-Day Moving Average is 1.74%. RAIT Financial Trust (NYSE:RAS): stock turned positive on Friday. Though the stock opened at $3.01, the bulls momentum made the stock top out at $3.08 level for the day. The stock recorded a low of $3 and closed the trading day at $3.05, in the green by 1.67%. The total traded volume for the day was 498,280. The stock had closed at $3 in the previous days trading.
The company Insiders own 1.3% of RAIT Financial Trust shares according to the proxy statements. Institutional Investors own 59.07% of RAIT Financial Trust shares. During last six month period, the net percent change held by insiders has seen a change of 6.63%.
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.