RAIT Financial (RAS) Reports Q4 FFO of $0.05
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FBR Capital Reiterates Buy on RAIT Financial (RAS) Following 4Q
February 27, 2017 11:43 AM ESTFBR Capital reiterated an Outperform rating and $3.75 price target on RAIT Financial Trust (NYSE: RAS) following the company's 4Q earnings report. During FY16, RAS was able to reduce total debt by 28% YOY, which as a result lowered leverage to 76.5% from 82.5% a year earlier.
Analyst Jessica Levi-Ribner commented, "On February 24, 2017, RAS reported fourth-quarter CAD of $0.07,... More
