Revenue Update on RAIT Financial Trust(NYSE:RAS)

RAIT Financial Trust(NYSE:RAS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $23.52M. Analysts estimated a revenue of $25.55M. Earnings per share were $0.12. Analysts had estimated an EPS of $0.13.

RAIT Financial Trust (RAS) made into the market gainers list on Wednesdays trading session with the shares advancing 1.68% or 0.05 points. Due to strong positive momentum, the stock ended at $3.03, which is also near the day’s high of $3.03. The stock began the session at $2.95 and the volume stood at 3,71,467 shares. The 52-week high of the shares is $5.7 and the 52 week low is $1.85. The company has a current market capitalization of $279 M and it has 9,21,87,313 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, Scott Schaeffer (CEO) purchased 23,700 shares at $2.77 per share price.Also, On Dec 14, 2015, Scott L.n. Davidson (President) purchased 2,000 shares at $11.61 per share price.On Jun 4, 2015, James J Sebra (CFO) purchased 2,500 shares at $6.43 per share price, according to the Form-4 filing with the securities and exchange commission.

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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