RAIT Financial Trust (NYSE:RAS) had declared a cash dividend of $0.0900 on Jun 15, 2016. The shares will quote ex-dividend on Jul 6, 2016 and the record date has been fixed for Jul 8, 2016. On Jun 15, 2016 share price, the yield comes out to be 12.0805%. The dividend payable date has been fixed on Jul 29, 2016.
RAIT Financial Trust (RAS) shares turned negative on Tuesdays trading session with the shares closing down -0.04 points or -1.26% at a volume of 2,70,388. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.22. The peak price level was also seen at $3.22 while the days lowest was $3.11. Finally the shares closed at $3.14. The 52-week high of the shares is $6.6 while the 52-week low is $1.85. According to the latest information available, the market cap of the company is $288 M.
RAIT Financial Trust(RAS) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $25.80M. Analysts had an estimated revenue of $25.73M. Earnings per share were $0.14. Analysts had estimated an EPS of $0.13.
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.