News headlines about RAIT Financial Trust (NYSE:RAS) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RAIT Financial Trust earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.994102084563 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s rankings:
- ‘Safer’ Dividend Follower Favorites And Rogues Led By RAIT Financial & Chico, Per August Gain Estimates – Seeking Alpha (seekingalpha.com)
- FBR & Co Equities Analysts Decrease Earnings Estimates for RAIT Financial Trust (RAS) (americanbankingnews.com)
- Mid-Afternoon Market Update: Crude Oil Down 1.5%; Phoenix New Media Shares Spike Higher – Benzinga (benzinga.com)
- RAIT Financial Trust (RAS): Don’t Let the Headlines Distract You – StockNewsGazette (stocknewsgazette.com)
- FBR Capital Downgrades Rating On RAIT Financial Trust New of Be (RAS) – Modern Readers (modernreaders.com)
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of RAIT Financial Trust from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. ValuEngine cut shares of RAIT Financial Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. JMP Securities cut shares of RAIT Financial Trust from a “market perform” rating to an “underperform” rating in a report on Wednesday, August 9th. FBR & Co cut shares of RAIT Financial Trust from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $3.00 to $1.25 in a report on Tuesday. Finally, Deutsche Bank AG dropped their target price on shares of RAIT Financial Trust from $2.75 to $1.60 and set a “hold” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. RAIT Financial Trust currently has an average rating of “Hold” and an average price target of $1.78.
RAIT Financial Trust (NYSE:RAS) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.08. RAIT Financial Trust had a negative net margin of 99.46% and a positive return on equity of 0.98%. The firm had revenue of $22.81 million during the quarter, compared to analyst estimates of $28.78 million. Equities research analysts forecast that RAIT Financial Trust will post ($1.84) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.20 annualized dividend and a dividend yield of 18.87%. RAIT Financial Trust’s dividend payout ratio is presently -23.38%.
In other news, insider Thomas D. Wren bought 45,000 shares of RAIT Financial Trust stock in a transaction dated Monday, June 5th. The shares were bought at an average price of $2.29 per share, for a total transaction of $103,050.00. Following the purchase, the insider now owns 45,000 shares of the company’s stock, valued at $103,050. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.
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About RAIT Financial Trust
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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