ValuEngine cut shares of RAIT Financial Trust (NYSE:RAS) from a hold rating to a sell rating in a research note issued to investors on Friday.
Several other brokerages have also recently commented on RAS. Zacks Investment Research raised RAIT Financial Trust from a strong sell rating to a hold rating in a report on Wednesday, November 1st. B. Riley reissued a neutral rating on shares of RAIT Financial Trust in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. RAIT Financial Trust currently has a consensus rating of Hold and a consensus price target of $1.59.
Shares of RAIT Financial Trust (NYSE RAS) opened at $0.19 on Friday. RAIT Financial Trust has a twelve month low of $0.18 and a twelve month high of $3.57. The company has a market capitalization of $17.91, a P/E ratio of -0.08 and a beta of 1.99. The company has a current ratio of 8.50, a quick ratio of 8.50 and a debt-to-equity ratio of 8.39.
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RAIT Financial Trust Company Profile
RAIT Financial Trust (RAIT) is a real estate investment trust (REIT). The Company focuses on providing commercial real estate (CRE) financing throughout the United States. The core of its business is a full service CRE lending platform focused on first lien loans. It offers customized lending solutions to meet borrower needs and internal credit goals.
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