FY2017 EPS Estimates for RAIT Financial Trust (RAS) Decreased by B. Riley

RAIT Financial Trust (NYSE:RAS) – Research analysts at B. Riley decreased their FY2017 EPS estimates for shares of RAIT Financial Trust in a research note issued on Thursday. B. Riley analyst J. Levi-Ribner now expects that the real estate investment trust will post earnings of $0.01 per share for the year, down from their prior estimate of $0.02. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for RAIT Financial Trust’s Q4 2017 earnings at $0.01 EPS, Q4 2018 earnings at $0.01 EPS, Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.02 EPS, Q4 2019 earnings at $0.03 EPS and FY2019 earnings at $0.08 EPS.

Other analysts have also recently issued reports about the company. ValuEngine cut RAIT Financial Trust from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research upgraded RAIT Financial Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. RAIT Financial Trust currently has an average rating of “Hold” and an average target price of $1.78.

Shares of RAIT Financial Trust (RAS) opened at $0.41 on Friday. The stock has a market capitalization of $37.88, a P/E ratio of -0.17 and a beta of 1.51. The company has a current ratio of 8.50, a quick ratio of 8.50 and a debt-to-equity ratio of 8.39. RAIT Financial Trust has a 1 year low of $0.28 and a 1 year high of $3.91.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL increased its position in shares of RAIT Financial Trust by 112.8% during the second quarter. Tudor Investment Corp ET AL now owns 57,888 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 30,685 shares during the period. Voya Investment Management LLC increased its position in shares of RAIT Financial Trust by 16.9% during the second quarter. Voya Investment Management LLC now owns 65,583 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 9,472 shares during the period. Cubist Systematic Strategies LLC increased its position in shares of RAIT Financial Trust by 153.3% during the second quarter. Cubist Systematic Strategies LLC now owns 77,390 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 46,839 shares during the period. Wells Fargo & Company MN increased its position in shares of RAIT Financial Trust by 23.1% during the second quarter. Wells Fargo & Company MN now owns 83,247 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 15,616 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of RAIT Financial Trust by 28.3% during the second quarter. The Manufacturers Life Insurance Company now owns 101,754 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 22,438 shares during the period. Institutional investors and hedge funds own 51.77% of the company’s stock.

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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.

Earnings History and Estimates for RAIT Financial Trust (NYSE:RAS)

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