RAIT Financial Trust Company Profile (NYSE:RAS)

RAIT Financial Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "RAS."

RAIT Financial Trust declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, August 25th will be paid a dividend of $0.05 per share on Friday, September 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 19.61%. The ex-dividend date of this dividend is Wednesday, August 23rd. View RAIT Financial Trust's Dividend History.

RAIT Financial Trust (NYSE:RAS) posted its quarterly earnings data on Tuesday, August, 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.08. The company had revenue of $22.81 million for the quarter, compared to the consensus estimate of $28.78 million. RAIT Financial Trust had a negative net margin of 99.46% and a positive return on equity of 0.98%. View RAIT Financial Trust's Earnings History.

RAIT Financial Trust is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for RAIT Financial Trust.

3 equities research analysts have issued 1 year target prices for RAIT Financial Trust's shares. Their predictions range from $1.25 to $1.60. On average, they expect RAIT Financial Trust's share price to reach $1.43 in the next twelve months. View Analyst Ratings for RAIT Financial Trust.

Here are some recent quotes from research analysts about RAIT Financial Trust stock:

• 1. According to Zacks Investment Research, "RAIT Financial Trust is an internally-managed real estate investment trust. It provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. RAIT originates secured and unsecured credit facilities including bridge and mezzanine loans, preferred equity investments, trust preferred securities and subordinated debt for private and corporate owners of commercial real estate, REITs, and real estate operating companies and their intermediaries. The Company is also an asset and property manager of real estate-related assets. RAIT Investment Trust is based in Philadelphia, Pennsylvania. " (7/20/2017)
• 2. FBR & Co analysts commented, "On February 24, 2017, RAS reported fourth-quarter CAD of $0.07, missing the FBR estimate of $0.09 and not covering its $0.09 quarterly dividend per share. The miss to our expectations was driven by continued elevated loan paydowns and a lower net interest margin as a result. That said, our focus is on the future as RAS transitions from a multi-platform company to becoming a pure transitional commercial real estate lender. As such, we are more interested in management's plans going forward and its progress toward those goals. Looking into FY17, we expect RAS to become more streamlined as its divests of its REO business and property management platform, de-levers, finds efficiencies, and returns to just lending. While this year is likely to be a bumpy ride, especially from an earnings perspective, we believe that the company will come out of FY17 more profitable and will have a clearer view of its earnings capabilities. We are lowering our FY17 CAD estimate to $0.30 from $0.40 per share and our FY18 CAD estimate to $0.40 from $0.46 per share." (2/27/2017)

Some companies that are related to RAIT Financial Trust include Power REIT (PW), A & J Mucklow Group P L C (37HR), Brookfield Canada Office Properties (BOXC), Equity One (EQY), Excel Trust (EXL), Inland Real Estate (IRC), Intu Properties PLC (CSCG), Londonmetric Property PLC (LSP), NRF Holdco LLC (NRF) and Winthrop Realty Trust (FUR).

RAIT Financial Trust's management team includes the folowing people:

• Michael Malter, Independent Chairman of the Board
• Scott L. N. Davidson, President, Chief Executive Officer, Trustee
• Paul W. Kopsky Jr., Chief Financial Officer, Treasurer
• John J. Reyle, General Counsel, Senior Managing Director, Chief Legal Officer
• Andrew Batinovich, Independent Trustee
• Frank A. Farnesi, Independent Trustee
• S. Kristin Kim, Independent Trustee
• Justin P. Klein, Independent Trustee
• Nancy Jo Kuenstner, Independent Trustee

RAIT Financial Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.58%), Tricadia Capital Management LLC (7.18%), HIGHLAND CAPITAL MANAGEMENT LP (5.70%), State Street Corp (2.41%), Northern Trust Corp (1.21%) and Goldman Sachs Group Inc. (1.05%). Company insiders that own RAIT Financial Trust stock include Frank Farnesi, Jon Sarkisian, Michael J Malter, S Wayne Finch, Scott LN Davidson, Scott Schaeffer and Thomas D Wren. View Institutional Ownership Trends for RAIT Financial Trust.

RAIT Financial Trust's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Foundry Partners LLC, Vanguard Group Inc., Royce & Associates LP, Schwab Charles Investment Management Inc., Nationwide Fund Advisors, California Public Employees Retirement System and LSV Asset Management. View Insider Buying and Selling for RAIT Financial Trust.

RAIT Financial Trust's stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Cetera Investment Advisers, Forsta AP Fonden, GSA Capital Partners LLP, Los Angeles Capital Management & Equity Research Inc., Ameriprise Financial Inc., State Street Corp and Creative Planning. Company insiders that have bought RAIT Financial Trust stock in the last two years include Frank Farnesi, Jon Sarkisian, Michael J Malter, Scott LN Davidson, Scott Schaeffer and Thomas D Wren. View Insider Buying and Selling for RAIT Financial Trust.

Shares of RAIT Financial Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of RAIT Financial Trust stock can currently be purchased for approximately $1.02.