RAIT Financial Trust (RAS) Shares are Up 0.3%

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 9.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.13%, 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 0.3% in the last 1 week, and is up 9.39% 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 6.78% and the 50-Day Moving Average is 8.1%.The 200 Day SMA reached 20.11%


RAIT Financial Trust (NYSE:RAS): After opening at $3.27, the stock dipped to an intraday low of $3.24 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.38 and the buying power remained strong till the end. The stock closed at $3.38 for the day, a gain of 3.05% for the day session. The total traded volume was 663,998. The stocks close on the previous trading day was $3.38.

RAIT Financial Trust (RAS) : 3 Wall Street analysts covering RAIT Financial Trust (RAS) believe that the average level the stock could reach for the short term is $3.53. The maximum price target given is $4 and the minimum target for short term is around $3, hence the standard deviation is calculated at $0.26.

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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