RAIT Financial Trust (NYSE:RAS)’s share price traded down 0% on Wednesday . The stock traded as low as $0.17 and last traded at $0.18. 624,581 shares changed hands during trading, a decline of 48% from the average session volume of 1,191,333 shares. The stock had previously closed at $0.18.
Several equities analysts have recently weighed in on the company. ValuEngine downgraded RAIT Financial Trust from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. B. Riley reissued a “neutral” rating on shares of RAIT Financial Trust in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $1.59.
The company has a debt-to-equity ratio of 8.39, a quick ratio of 8.50 and a current ratio of 8.50. The firm has a market capitalization of $16.75, a price-to-earnings ratio of -0.08 and a beta of 1.99.
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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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