RAIT Financial Trust (RAS) : 5 analysts are covering RAIT Financial Trust (RAS) and their average rating on the stock is 1.8, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
RAIT Financial Trust (RAS) stock is expected to deviate a maximum of $0.26 from the average target price of $3.53 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $4 and the most muted being $3.
RAIT Financial Trust (NYSE:RAS): The stock opened at $3.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.03 for the day. The stock traded down to $2.93 during the day, due to lack of any buying support eventually closed down at $3.01 with a loss of -0.33% for the day. The stock had closed at $3.02 on the previous day. The total traded volume was 441,151 shares.
The company shares have dropped -47.38% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $6.14 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $3.16 and the 200 Day Moving Average price is recorded at $2.81.
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.