Compass Point Reiterates a 'Buy' on RAIT Financial Trust (RAS) After Dividend Announcement; Outlook Remains Positive
Tweet Send to a FriendGet Alerts RAS Hot Sheet
Price: $8.66 +1.52%
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade RAS Now!
Compass Point reiterates a 'Buy' on RAIT Financial Trust (NYSE: RAS) price target of $9.00.
Analyst, Jason Stewart, said, "We reiterate our rating and price target on the shares of RAS following the company's 2Q12 dividend announcement of $0.08 per share. We continue to have a high level of conviction that 2Q12 earnings will be strong, despite the fact that the dividend was unchanged QoQ, and is likely to be a turning point for RAS shares.
For an analyst ratings summary and ratings history on RAIT Financial Trust click here. For more ratings news on RAIT Financial Trust click here.
Shares of RAIT Financial Trust closed at $4.53 yesterday, with a 52 week range of $1.96-$7.31.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Jason Stewart, said, "We reiterate our rating and price target on the shares of RAS following the company's 2Q12 dividend announcement of $0.08 per share. We continue to have a high level of conviction that 2Q12 earnings will be strong, despite the fact that the dividend was unchanged QoQ, and is likely to be a turning point for RAS shares.
For an analyst ratings summary and ratings history on RAIT Financial Trust click here. For more ratings news on RAIT Financial Trust click here.
Shares of RAIT Financial Trust closed at $4.53 yesterday, with a 52 week range of $1.96-$7.31.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17
- Compass Point Boosts Numbers on RLJ Lodging Trust (RLJ)
Create E-mail Alert Related Categories
Analyst Comments, DividendsRelated Entities
Dividend, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
