RAIT Financial Trust (RAS) : During the past 4 weeks, traders have been relatively bearish on RAIT Financial Trust (RAS), hence the stock is down -5.16% 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 -1.31% relative to the S&P 500. The 4-week change in the price of the stock is -5.36% and the stock has fallen -1.96% in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.64% and the fifty day Moving Average is 3.08%. RAIT Financial Trust has dropped 6.95% during the last three month period . Year-to-Date the stock performance stands at 21.99%.
RAIT Financial Trust (RAS) : The consensus price target for RAIT Financial Trust (RAS) is $3.53 for the short term with a standard deviation of $0.26. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $3.
RAIT Financial Trust (NYSE:RAS): On Fridays trading session , Opening price of the stock was $3.01 with an intraday high of $3.07. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.95. However, the stock managed to close at $3, a loss of 0.33% for the day. On the previous day, the stock had closed at $3.01. The total traded volume of the day was 292,285 shares.
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.