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 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 / Sales0.18
Cash FlowN/A
Price / CashN/A
Book Value$1.93 per share
Price / Book0.10
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-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 declared a quarterly dividend on Thursday, August 3rd. Shareholders 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 annualized dividend and a yield of 105.26%. 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) earnings per share 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 quarter in the previous year, the firm earned $0.37 EPS. 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 objectives for RAIT Financial Trust's shares. Their predictions range from $1.00 to $1.60. On average, they anticipate RAIT Financial Trust's stock price to reach $1.2833 in the next year. View Analyst Ratings for RAIT Financial Trust.
Who are some of RAIT Financial Trust's key competitors?
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)
Has RAIT Financial Trust been receiving favorable news coverage?
Media stories about RAS stock have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RAIT Financial Trust earned a daily sentiment score of 0.09 on Accern's scale. They also gave news headlines about the real estate investment trust an impact score of 45.89 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.
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 $0.19.
How big of a company is RAIT Financial Trust?
RAIT Financial Trust has a market capitalization of $18.95 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 575.44%. 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: | 575.44% 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 4/20/2016 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 73.68%. RAS's most recent quarterly dividend payment was Friday, September 15.
| Most Recent Dividend: | 9/15/2017 |
| Annual Dividend: | $0.14 |
| Dividend Yield: | 73.68% |
| 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 Friday, April, 20, 2018
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