Rait Financial Trust (NYSE:RAS) shares traded -9.22% down during most recent session to reach at the closing price of $1.28. The stock exchanged hands 2.16 Million shares versus average trading capacity of 788.05 Million shares, yielding a market cap of $116.87 Million. Wall Street analysts covering the stock are projecting that the stock will reach $2.88 within the next 52-weeks. The mean target projections are based on 2 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Rait Financial Trust (NYSE:RAS) high price target of $3 and with a conservative view have low price target of $2.75.
JMP Securities “Downgrades” Rait Financial Trust (NYSE:RAS) in a research note issued to investors on 8/09/17 to Market Underperform with price target of $0.
Additionally on 3/02/17 Deutsche Bank “Downgrades” Rait Financial Trust (NYSE:RAS) to Hold setting price target at $0 and on 3/14/16 Deutsche Bank “Maintained” the stock to Buy at $3.6. Furthermore on 1/22/16 FBR Capital “Initiates Coverage on” the stock to Outperform at $.
On the other hand the company has Relative Strength Index (RSI 14) of 20.69 along with Average True Range (ATR 14) of 0.12, Consequently Rait Financial Trust (NYSE:RAS)’s weekly and monthly volatility is 9.45%, 5.74% respectively. The company’s beta value is at 1.62.
In terms of Buy, Sell or Hold recommendations, Rait Financial Trust (NYSE:RAS) has analysts’ mean recommendation of 2.3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Rait Financial Trust (NYSE:RAS)’s minimum EPS for the current quarter is at $-0.05 and can go high up to $0.08. The consensus mean EPS for the current quarter is at $0.02 derived from a total of 3 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.08 earnings per share for the same quarter during last year.
Previously Rait Financial Trust (NYSE:RAS) reported $-0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $-0.35. The company posted an earnings surprise of -1750%.
Rait Financial Trust (NYSE:RAS)’s revenue estimates for the current quarter are $18.25 Million according to 1 number of analysts, for the current quarter the company has high revenue estimates of $18.25 Million in contradiction of low revenue estimates of $18.25 Million. For the current year the company’s revenue estimates are $74.72 Million compared to low analyst estimates of $74.72 Million and high estimates of $74.72 Million according to 1 number of analysts.
Currently Rait Financial Trust (NYSE:RAS)’s shares owned by insiders are 1.9%, whereas shares owned by institutional owners are 60.7%. However the six-month change in the insider ownership was recorded 3.4%, as well as three-month change in the institutional ownership was recorded -1.93%.
Rait Financial Trust (NYSE:RAS) 52-week high price stands at $3.91 and low price stands at $1.38, its price distance from 52-week high is -67.26% while its distance from 52-week low price is -6.91%. The stock hit its 52-week high on 02/16/17, and 52-week low on 08/10/17.
Rait Financial Trust (NYSE:RAS)’s trailing twelve month revenues are $190.8 Million, whereas its price to sales ratio for the same period is 0.61. Its book value per share for the most recent quarter is $3.74 while its price to book ratio for the same period is 0.34, as for as the company’s cash per share for the most recent quarter is $1.06, however its price to cash per share ratio for the same period is 1.21. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.