News articles about RAIT Financial Trust (NYSE:RAS) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RAIT Financial Trust earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.9210584733041 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
RAIT Financial Trust opened at $0.16 on Tuesday, MarketBeat reports. The company has a debt-to-equity ratio of 9.30, a current ratio of 21.89 and a quick ratio of 21.89. RAIT Financial Trust has a 1-year low of $0.15 and a 1-year high of $2.44.
Several analysts recently issued reports on RAS shares. ValuEngine upgraded RAIT Financial Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. B. Riley set a $1.00 price target on RAIT Financial Trust and gave the company a “hold” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. RAIT Financial Trust currently has an average rating of “Hold” and a consensus price target of $1.59.
In other news, major shareholder Charles L. Frischer acquired 3,004 shares of the firm’s stock in a transaction on Monday, May 7th. The stock was bought at an average cost of $12.00 per share, with a total value of $36,048.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Charles L. Frischer acquired 3,379 shares of the firm’s stock in a transaction on Monday, April 30th. The stock was purchased at an average cost of $12.45 per share, with a total value of $42,068.55. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 18,983 shares of company stock valued at $217,337. 1.90% of the stock is currently owned by corporate insiders.
RAIT Financial Trust Company Profile
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.
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