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Analyst’s Report Recap: RAIT Financial Trust (RAS)

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The shares of RAIT Financial Trust (NYSE:RAS) currently has mean rating of 2.00 while 3 analysts have recommended the shares as “BUY”, 0 recommended as “OUTPERFORM” and 3 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 25.55M by 4 analysts. The means estimate of sales for the year ending Dec-16 is 103.35M by 4 analysts.

The mean price target for the shares of RAIT Financial Trust (RAS) is at 3.27 while the highest price target suggested by the analysts is 3.75 and low price target is 2.50. The mean price target is calculated keeping in view the consensus of 6 brokerage firms.

The average estimate of EPS for the current fiscal quarter for RAIT Financial Trust (RAS) stands at 0.13 while the EPS for the current year is fixed at 0.55 by 5 analysts.

The next one year’s EPS estimate is set at 0.58 by 6 analysts while a year ago the analysts suggested the company’s EPS at 0.55. The analysts also projected the company’s long-term growth at 13.50% for the upcoming five years.

In its latest quarter ended on 31st March 2016, RAIT Financial Trust (RAS) reported earnings of $0.14. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 7.70%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 15, 2016 RAIT Financial Trust (RAS) announced that on June 15, 2016, RAIT’s Board of Trustees declared a second quarter 2016 cash dividend on RAIT’s common shares of $0.09 per common share. The dividend will be paid on July 29, 2016 to holders of record on July 8, 2016. The ex-dividend date is July 6, 2016.

RAIT Financial Trust is an internally-managed real estate investment trust that provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. In addition, RAIT is an asset and property manager of real estate-related assets.

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