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 announced a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Friday, May 26th will be paid a dividend of $0.09 per share on Thursday, June 15th. This represents a $0.36 annualized dividend and a yield of 17.22%. The ex-dividend date of this dividend is Wednesday, May 24th. View RAIT Financial Trust's Dividend History.

RAIT Financial Trust (NYSE:RAS) released its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The company earned $29.60 million during the quarter, compared to analysts' expectations of $32.20 million. RAIT Financial Trust had a net margin of 11.06% and a return on equity of 3.41%. During the same period in the prior year, the business posted ($0.20) EPS. View RAIT Financial Trust's Earnings History.

RAIT Financial Trust is scheduled to release their next quarterly earnings announcement on Tuesday, August, 8th 2017. View Earnings Estimates for RAIT Financial Trust.

3 brokerages have issued 1-year price targets for RAIT Financial Trust's stock. Their predictions range from $2.75 to $3.75. On average, they expect RAIT Financial Trust's stock price to reach $3.25 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 Standard Life Inv Prop Inc Trust Ltd (SLI), Resource Capital Corp. (RSO), Regional REIT Ltd (RGL), McKay Securities plc (MCKS), A & J Mucklow Group P L C (37HR), Brookfield Canada Office Properties (BOXC), Equity One (EQY), Excel Trust (EXL), Government Properties Income Trust (GOV), Inland Real Estate (IRC), Intu Properties PLC (CSCG), Londonmetric Property PLC (LSP), NRF Holdco LLC (NRF), Power REIT (PW) 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 HIGHLAND CAPITAL MANAGEMENT LP (5.70%), Creative Planning (0.65%), Forsta AP Fonden (0.22%), RMR Advisors LLC (0.19%) and Shell Asset Management Co. (0.17%). 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 purchased by a variety of institutional investors in the last quarter, including Forsta AP Fonden 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 $2.09.