Economy

Securities Analyst Recommendations: KEMET Corporation (KEM), RAIT Financial Trust (RAS)

RAIT originates secured and unsecured credit facilities including bridge and mezzanine loans, preferred equity investments, trust preferred securities and subordinated debt for private and corporate owners of commercial real estate, REITs, and real estate operating companies and their intermediaries. RAIT Financial Trust (NYSE:RAS)'s short interest is 4.53 million shares, or 6.63% of the float. The fund owned 323,617 shares of the real estate investment trust's stock after selling 331,295 shares during the period. At present, 0 analysts call it Sell, while 1 think it is Hold.

Recent insider trends for RAIT Financial Trust (NYSE:RAS) have caught the attention of investors. The insider now holds 12,254 shares of RAIT Financial Trust (RAS). RAIT Financial Trust has had 0 insider trades in the last 3 months, including 0 open market buys and 0 sells. The stock now has a consensus rating of "Hold" and a consensus price target of $1.78. The real estate investment trust reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.08). The business had revenue of $22.81 million for the quarter, compared to analysts' expectations of $28.78 million.

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Insider ownership increased by a total of 0 shares, which suggests that RAS's key executives are feeling more optimistic about the outlook for the stock. Recently, investment analysts covering the stock have updated the mean rating to 3.5. Goldman Sachs Group Inc. lifted its holdings in shares of RAIT Financial Trust by 53.0% during the first quarter. NY now owns 60,290 shares of the real estate investment trust's stock valued at $193,000 after purchasing an additional 7,677 shares in the last quarter. Creative Planning lifted its holdings in shares of RAIT Financial Trust by 10.1% during the second quarter. Goldman Sachs Group Inc. now owns 291,408 shares of the real estate investment trust's stock valued at $933,000 after purchasing an additional 100,919 shares in the last quarter. Renaissance Technologies LLC increased its holdings in RAIT Financial Trust by 14.0% during the 1st quarter. Bank of America Corp DE now owns 32,861 shares of the real estate investment trust's stock valued at $105,000 after purchasing an additional 18,448 shares in the last quarter. Of those holders, 49 had increased positions amounting to 4.31 million shares, 57 had decreased positions amounting to 5.32 million shares, and 22 holders have a held position accounting for 44.26 million shares. Finally, Northern Trust Corp increased its holdings in RAIT Financial Trust by 1.6% during the 2nd quarter. The volume of 12.26 Million shares climbed down over an trading activity of 2.26 Million shares. "However, the Board felt it was prudent to suspend the common dividend at this time, enhancing RAIT's financial flexibility, a benefit to all stakeholders, as RAIT continues making progress in its strategic transformation and explores strategic and financial alternatives".



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