About RAIT Financial Trust (NYSE:RAS)
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. It offers personalized middle-market financing solutions and a complement of lending products for CRE. The Company may also offer mezzanine loans and preferred equity interests in limited circumstances to support first lien loans. It is engaged in floating rate securitization programs and has access to multiple sources of funding, including senior debt, convertible securities, preferred securities and common securities. The Company also owns and manages a portfolio of CRE properties, and manages real estate assets for third parties. The Company is engaged in lending, owning and managing CRE assets throughout the United States.
Industry, Sector and Symbol
Industry Commercial REITs
SectorCommercial REITs - NEC
Trailing P/E Ratio-0.201837606837607
Forward P/E Ratio47.23
Sales & Book Value
Annual Sales$173.61 million
Price / Sales0.25
Cash Flow$1.48 per share
Price / Cash0.32
Book Value$4.10 per share
Price / Book0.12
Net Income$25.34 million
Return on Equity-0.66%
Return on Assets-0.09%
RAIT Financial Trust (NYSE:RAS) Frequently Asked Questions
What is RAIT Financial Trust's stock symbol?
RAIT Financial Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "RAS."
How often does RAIT Financial Trust pay dividends? What is the dividend yield for RAIT Financial Trust?
RAIT Financial Trust announced a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, August 25th will be given a dividend of $0.05 per share on Friday, September 15th. This represents a $0.20 annualized dividend and a dividend yield of 42.35%. The ex-dividend date of this dividend is Wednesday, August 23rd. View RAIT Financial Trust's Dividend History.
How were RAIT Financial Trust's earnings last quarter?
RAIT Financial Trust (NYSE:RAS) issued its earnings results on Friday, August, 5th. The real estate investment trust reported ($0.08) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.13 by $0.21. The real estate investment trust had revenue of $85.07 million for the quarter, compared to analyst estimates of $25.55 million. RAIT Financial Trust had a negative net margin of 137.66% and a negative return on equity of 0.66%. During the same quarter in the prior year, the company earned $0.37 EPS. View RAIT Financial Trust's Earnings History.
Where is RAIT Financial Trust's stock going? Where will RAIT Financial Trust's stock price be in 2018?
4 analysts have issued 12 month target prices for RAIT Financial Trust's shares. Their forecasts range from $1.25 to $1.60. On average, they anticipate RAIT Financial Trust's stock price to reach $1.43 in the next twelve months. View Analyst Ratings for RAIT Financial Trust.
What are Wall Street analysts saying about RAIT Financial Trust stock?
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. " (11/1/2017)
- 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)
Who are some of RAIT Financial Trust's key competitors?
Some companies that are related to RAIT Financial Trust include VOC Energy Trust (VOC), The Rubicon Project (RUBI), Luby's (LUB), Pacific Coast Oil Trust (ROYT), Javelin Mortgage Investment (JMI), Voxeljet (VJET), MV Oil Trust (MVO), Dover Motorsports (DVD), Prudential Financial Inflation-Linked Retail Medium Linked Retail Medium-Term Notes due April 10, 2018 (PFK), Cypress Energy Partners (CELP), Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NAO), Five Oaks Investment (OAKS), Malaysia Fund (MAY), Universal Technical Institute (UTI), Bellatrix Exploration (BXE), Global Ship Lease (GSL), Willbros Group (WG) and Marin Software (MRIN).
Who are RAIT Financial Trust's key executives?
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 (Age 46)
- Alfred J. Dilmore, Interim Chief Financial Officer, Chief Accounting Officer, Interim Treasurer (Age 35)
- John J. Reyle, General Counsel, Senior Managing Director, Chief Legal Officer (Age 37)
- Andrew Batinovich, Independent Trustee (Age 58)
- Frank A. Farnesi, Independent Trustee (Age 69)
- S. Kristin Kim, Independent Trustee (Age 51)
- Justin P. Klein, Independent Trustee (Age 70)
- Nancy Jo Kuenstner, Independent Trustee (Age 64)
Who owns RAIT Financial Trust stock?
RAIT Financial Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.85%), Renaissance Technologies LLC (3.85%), Millennium Management LLC (1.51%), Goldman Sachs Group Inc. (1.27%) and California Public Employees Retirement System (0.97%). Company insiders that own RAIT Financial Trust stock include Michael J Malter, S Wayne Finch, Scott Schaeffer and Thomas D Wren. View Institutional Ownership Trends for RAIT Financial Trust.
Who sold RAIT Financial Trust stock? Who is selling RAIT Financial Trust stock?
Who bought RAIT Financial Trust stock? Who is buying RAIT Financial Trust stock?
RAIT Financial Trust's stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC and California Public Employees Retirement System. Company insiders that have bought RAIT Financial Trust stock in the last two years include Michael J Malter, Scott Schaeffer and Thomas D Wren. View Insider Buying and Selling for RAIT Financial Trust.
How do I buy RAIT Financial Trust stock?
Shares of RAIT Financial Trust can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is RAIT Financial Trust's stock price today?
One share of RAIT Financial Trust stock can currently be purchased for approximately $0.47.
How big of a company is RAIT Financial Trust?
RAIT Financial Trust has a market capitalization of $43.95 million and generates $173.61 million in revenue each year. The real estate investment trust earns $25.34 million in net income (profit) each year or ($2.34) on an earnings per share basis. RAIT Financial Trust employs 226 workers across the globe.
How can I contact RAIT Financial Trust?
RAIT Financial Trust's mailing address is 100 N 18th St Fl 23, PHILADELPHIA, PA 19103-2707, United States. The real estate investment trust can be reached via phone at +1-215-2072100 or via email at [email protected]
MarketBeat Community Rating for RAIT Financial Trust (RAS)MarketBeat's community ratings are surveys of what our community members think about RAIT Financial Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
RAIT Financial Trust (NYSE:RAS) Earnings History and Estimates Chart
RAIT Financial Trust (NYSE RAS) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/2/2017||Q3 2017||($0.02)||($0.01)||$21.12 million||$24.60 million||View||N/A|
|8/8/2017||Q2 2017||$0.04||($0.04)||$28.78 million||$22.81 million||View||N/A|
|5/3/2017||Q1 17||$0.02||$0.06||$32.20 million||$29.60 million||View||Listen|
|2/24/2017||Q416||$0.58||$0.05||$20.66 million||$35.75 million||View||N/A|
|11/3/2016||Q316||$0.12||$0.12||$22.16 million||$43.24 million||View||N/A|
|8/5/2016||Q216||$0.13||($0.08)||$25.55 million||$85.07 million||View||N/A|
|5/9/2016||Q116||$0.13||$0.14||$25.73 million||$89.50 million||View||N/A|
|2/25/2016||Q415||$0.22||$0.19||$25.31 million||$26.61 million||View||Listen|
|11/5/2015||Q315||$0.25||($0.05)||$24.21 million||$75.00 million||View||N/A|
|7/30/2015||Q215||$0.30||$0.15||$25.12 million||$79.40 million||View||Listen|
|4/30/2015||Q115||$0.24||$0.19||$27.20 million||$75.90 million||View||N/A|
|2/24/2015||Q414||$0.27||$0.26||$32.17 million||$73.86 million||View||N/A|
|10/30/2014||Q314||$0.16||($0.17)||$35.80 million||$75.30 million||View||N/A|
|7/31/2014||Q2||$0.28||$0.24||$34.91 million||$73.26 million||View||Listen|
|5/7/2014||Q1||$0.34||$0.29||$37.28 million||$67.31 million||View||Listen|
|2/20/2014||Q413||$0.36||$0.34||$31.87 million||$67.61 million||View||N/A|
|10/31/2013||Q313||$0.33||$52.20 million||$62.40 million||View||Listen|
|8/1/2013||Q213||$0.36||$0.32||$34.08 million||$58.60 million||View||Listen|
|5/2/2013||Q113||$0.34||$0.31||$32.02 million||$58.30 million||View||Listen|
RAIT Financial Trust (NYSE:RAS) Earnings Estimates
2018 EPS Consensus Estimate: $0.06
2019 EPS Consensus Estimate: $0.08
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
RAIT Financial Trust (NYSE:RAS) Dividend Information
|Most Recent Dividend:||9/15/2017|
|Dividend Growth:||-30.70% (3 Year Average)|
|Payout Ratio:||-5.98% (Trailing 12 Months of Earnings) |
1,400.00% (Based on This Year's Estimates)
280.00% (Based on Next Year's Estimates)
RAIT Financial Trust (NYSE:RAS) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
RAIT Financial Trust (NYSE RAS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.30%
Institutional Ownership Percentage: 52.22%
RAIT Financial Trust (NYSE RAS) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|6/5/2017||Thomas D Wren||Insider||Buy||45,000||$2.29||$103,050.00||45,000|| |
|6/2/2017||Michael J Malter||Insider||Buy||10,000||$2.35||$23,500.00||3,400|| |
|8/8/2016||S. Wayne Finch||Director||Sell||2,000||$12.11||$24,220.00|
|3/2/2016||Scott Schaeffer||Chairman||Buy||23,700||$2.89||$68,493.00||359,716|| |
|12/14/2015||Jon Sarkisian||insider||Buy||8,000||$2.48||$19,840.00||38,785|| |
|12/11/2015||Frank Farnesi||Insider||Buy||9,440||$2.66||$25,110.40||70,625|| |
|12/11/2015||Scott L.N. Davidson||President||Buy||1,500||$2.68||$4,020.00||5,861|| |
|12/11/2015||Scott Schaeffer||Chairman||Sell||26,815||$2.56||$68,646.40||385,155|| |
|6/4/2015||James J Sebra||CFO||Buy||2,500||$6.43||$16,075.00|| |
|6/3/2015||Scott L.N. Davidson||President||Buy||2,900||$6.46||$18,734.00|| |
|6/3/2015||Scott Schaeffer||Chairman||Buy||15,000||$6.44||$96,600.00|| |
|12/12/2014||Ken Frappier||EVP||Sell||68,310||$7.51||$513,008.10|| |
|1/21/2014||S. Wayne Finch||Director||Buy||50,000||$11.05||$552,500.00|| |
|5/31/2013||Raphael Licht||COO||Buy||1,292||$7.75||$10,013.00|| |
|3/12/2013||Andrew Batinovich||Insider||Buy||10,000||$7.19||$71,900.00|| |
|11/7/2012||Raphael Licht||COO||Buy||1,500||$5.44||$8,160.00|| |
RAIT Financial Trust (NYSE RAS) News Headlines
RAIT Financial Trust (NYSE:RAS) SEC Filings
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RAIT Financial Trust (NYSE:RAS) Income Statement, Balance Sheet and Cash Flow Statement
RAIT Financial Trust (NYSE RAS) Stock Chart for Saturday, February, 17, 2018