RAIT Financial Trust (RAS) has risen sharply, recording gains of 3.28% in the past 4 weeks. However, the stock has corrected -0.63% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.77% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
RAIT Financial Trust (NYSE:RAS): The stock opened at $3.18 on Friday but the bulls could not build on the opening and the stock topped out at $3.26 for the day. The stock traded down to $3.08 during the day, due to lack of any buying support eventually closed down at $3.15 with a loss of -2.17% for the day. The stock had closed at $3.22 on the previous day. The total traded volume was 1,035,936 shares.
The stock has recorded a 20-day Moving Average of 0.94% and the 50-Day Moving Average is 1.02%. RAIT Financial Trust is up 8.85% in the last 3-month period. Year-to-Date the stock performance stands at 28.09%.
RAIT Financial Trust (RAS) : Currently there are 3 street experts covering RAIT Financial Trust (RAS) stock. The most bullish and bearish price target for the stock is $4 and $3 respectively for the short term. The average price target of all the analysts comes to $3.53. The estimated standard deviation from the target is $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.