About RAIT Financial Trust (NYSE:RAS)
RAIT Financial Trust is an internally-managed real estate investment trust focused on providing debt financing options to owners of commercial real estate throughout the United States. For more information, please visit www.rait.com or call Investor Relations at 215.207.2100.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryDiversified REITs
SectorFinance
SymbolNYSE:RAS
CUSIP74922760
Phone215-207-2100
Debt
Debt-to-Equity Ratio8.39%
Current Ratio16.83%
Quick Ratio16.83%
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$99.71 million
Price / Sales0.17
Cash FlowN/A
Price / CashN/A
Book Value$1.93 per share
Price / Book0.09
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-151,870,000.00
Net Margins-169.66%
Return on Equity-2.58%
Return on Assets-0.30%
Miscellaneous
Employees223
Outstanding Shares93,050,000
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. Shareholders 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 yield of 111.11%. 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) announced its earnings results on Friday, August, 5th. The real estate investment trust reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.13 by $0.21. The real estate investment trust earned $85.07 million during the quarter, compared to analysts' expectations of $25.55 million. RAIT Financial Trust had a negative net margin of 169.66% and a negative return on equity of 2.58%. During the same period last year, the company earned $0.37 earnings per share. View RAIT Financial Trust's Earnings History.
When is RAIT Financial Trust's next earnings date?
What price target have analysts set for RAS?
4 brokerages have issued 1 year price targets for RAIT Financial Trust's stock. Their predictions range from $1.00 to $1.60. On average, they anticipate RAIT Financial Trust's share price to reach $1.2833 in the next twelve months. View Analyst Ratings for RAIT Financial Trust.
Are investors shorting RAIT Financial Trust?
RAIT Financial Trust saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 7,471,042 shares, an increase of 60.7% from the March 30th total of 4,648,025 shares. Based on an average daily volume of 6,000,366 shares, the days-to-cover ratio is currently 1.2 days. Approximately 9.6% of the company's shares are short sold.
Who are some of RAIT Financial Trust's key competitors?
Some companies that are related to RAIT Financial Trust include Five Oaks Investment (OAKS), Manhattan Bridge Capital (LOAN), Tremont Mortgage Trust (TRMT), AMEN Properties (AMEN), Global Self Storage (SELF), Wheeler Real Estate IT (WHLR), Reven Housing REIT (RVEN), Opteum (BMNM), Global Healthcare REIT (GBCS), CV (CVHL), Origen Financial (ORGN), Vestin Realty Mortgage I (VRTA), Vestin Realty Mortgage II (VRTB), Paragon Real Estate Equity (PRLE) and American Spectrum Realty (AQQSQ).
Who are RAIT Financial Trust's key executives?
RAIT Financial Trust's management team includes the folowing people:
- Mr. John J. Reyle, Interim CEO, Interim Pres & Gen. Counsel (Age 39)
- Mr. Scott F. Schaeffer, Consultant (Age 56)
- Mr. Alfred J. Dilmore, Interim CFO, Interim Treasurer & Chief Accounting Officer (Age 36)
- Mr. Andres Viroslav, VP & Director of Corp. Communications
- Mr. Glenn Riis, Sr. Managing Director and Chief Credit Risk Officer (Age 54)
Has RAIT Financial Trust been receiving favorable news coverage?
Headlines about RAS stock have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. RAIT Financial Trust earned a media sentiment score of 0.18 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 46.03 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
How do I buy shares of RAIT Financial Trust?
Shares of RAS 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 RAS stock can currently be purchased for approximately $0.18.
How big of a company is RAIT Financial Trust?
RAIT Financial Trust has a market capitalization of $17.20 million and generates $99.71 million in revenue each year. RAIT Financial Trust employs 223 workers across the globe.
How can I contact RAIT Financial Trust?
RAIT Financial Trust's mailing address is 100 N. 18TH STREET 23RD FLOOR TWO LOGAN SQUARE, PHILADELPHIA PA, 19103. The real estate investment trust can be reached via phone at 215-207-2100 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 RAS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RAS will underperform the S&P 500 over the long term. You may vote once every thirty days.
RAIT Financial Trust (NYSE:RAS) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
4 Wall Street analysts have issued ratings and price targets for RAIT Financial Trust in the last 12 months. Their average twelve-month price target is $1.2833, suggesting that the stock has a possible upside of 612.96%. The high price target for RAS is $1.60 and the low price target for RAS is $1.00. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 1.75 | 1.75 | 1.75 | 1.67 |
| Ratings Breakdown: | 1 Sell Rating(s)
3 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $1.2833 | $1.2833 | $1.4250 | $1.4250 |
| Price Target Upside: | 612.96% upside | 541.67% upside | 295.83% upside | 7.14% upside |
RAIT Financial Trust (NYSE:RAS) Consensus Price Target History
RAIT Financial Trust (NYSE:RAS) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
RAIT Financial Trust (NYSE:RAS) Dividend Information
RAIT Financial Trust pays an annual dividend of $0.14 per share, with a dividend yield of 77.78%. RAS's most recent quarterly dividend payment was Friday, September 15.
| Most Recent Dividend: | 9/15/2017 |
| Annual Dividend: | $0.14 |
| Dividend Yield: | 77.78% |
| Dividend Growth: | -30.70% (3 Year Average) |
| Payout Ratio: | N/A |
RAIT Financial Trust (NYSE:RAS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/3/2017 | quarterly | $0.05 | 12.74% | 8/23/2017 | 8/25/2017 | 9/15/2017 |
| 5/3/2017 | quarterly | $0.09 | 13.09% | 5/24/2017 | 5/26/2017 | 6/15/2017 |
| 12/16/2016 | quarterly | $0.09 | 10.94% | 1/6/2017 | 1/10/2017 | 1/31/2017 |
| 9/19/2016 | quarterly | $0.09 | | 10/5/2016 | 10/7/2016 | 10/31/2016 |
| 6/15/2016 | quarterly | $0.09 | | 7/6/2016 | 7/8/2016 | 7/29/2016 |
| 3/14/2016 | quarterly | $0.09 | | 4/6/2016 | 4/8/2016 | 4/29/2016 |
| 12/8/2015 | quarterly | $0.09 | | 1/6/2016 | 1/8/2016 | 1/29/2016 |
| 9/17/2015 | quarterly | $0.18 | | 10/7/2015 | 10/9/2015 | 10/30/2015 |
| 6/22/2015 | quarterly | $0.18 | 11.11% | 7/8/2015 | 7/10/2015 | 7/31/2015 |
| 3/17/2015 | quarterly | $0.18 | 10.39% | 4/8/2015 | 4/10/2015 | 4/30/2015 |
| 12/18/2014 | quarterly | $0.18 | 9.2% | 1/7/2015 | 1/9/2015 | 1/30/2015 |
| 9/16/2014 | quarterly | $0.18 | 9.14% | 10/3/2014 | 10/7/2014 | 10/31/2014 |
| 6/13/2014 | quarterly | $0.18 | 8.88% | 7/9/2014 | 7/11/2014 | 7/31/2014 |
| 3/19/2014 | quarterly | $0.17 | 8.19% | 4/2/2014 | 4/4/2014 | 4/30/2014 |
| 12/12/2013 | quarterly | $0.16 | 7.51% | 1/3/2014 | 1/7/2014 | 1/31/2014 |
| 9/11/2013 | quarterly | $0.15 | 8.58% | 10/1/2013 | 10/3/2013 | 10/31/2013 |
| 6/20/2013 | quarterly | $0.13 | 6.93% | 7/10/2013 | 7/12/2013 | 7/31/2013 |
| 3/18/2013 | quarterly | $0.12 | 6.2% | 4/1/2013 | 4/3/2013 | 4/30/2013 |
| 12/12/2012 | quarterly | $0.10 | 7.09% | 1/14/2013 | 1/16/2013 | 1/31/2013 |
(Data available from 1/1/2013 forward)
RAIT Financial Trust (NYSE RAS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.30%
Institutional Ownership Percentage: 40.75%
RAIT Financial Trust (NYSE RAS) Insider Trading History
| 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 | | |
(Data available from 1/1/2013 forward)
RAIT Financial Trust (NYSE RAS) News Headlines
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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 Wednesday, April, 25, 2018
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