How Analysts Feel About RAIT Financial Trust (RAS) After Forming Wedge Down Pattern?

July 17, 2017 - By Michael Collier

Investors sentiment increased to 1.4 in Q4 2016. Its up 0.22, from 1.18 in 2016Q3. It improved, as 7 investors sold RAIT Financial Trust shares while 28 reduced holdings. 17 funds opened positions while 32 raised stakes. 53.81 million shares or 1.59% more from 52.97 million shares in 2016Q3 were reported.
Moreover, Blackrock Advsr has 0% invested in RAIT Financial Trust (NYSE:RAS) for 35,941 shares. Natl Bank Of America De owns 0% invested in RAIT Financial Trust (NYSE:RAS) for 14,413 shares. Eubel Brady & Suttman Asset Management owns 47,614 shares. The Florida-based Raymond James Assoc has invested 0% in RAIT Financial Trust (NYSE:RAS). Goldman Sachs Group owns 0% invested in RAIT Financial Trust (NYSE:RAS) for 190,489 shares. Prudential Fin holds 0% or 414,666 shares in its portfolio. Creative Planning has invested 0.01% in RAIT Financial Trust (NYSE:RAS). Northern holds 1.07 million shares or 0% of its portfolio. California Public Employees Retirement System reported 0% in RAIT Financial Trust (NYSE:RAS). State Street has invested 0% in RAIT Financial Trust (NYSE:RAS). Geode Cap Mngmt Ltd Liability Corporation holds 580,608 shares or 0% of its portfolio. California State Teachers Retirement holds 189,033 shares or 0% of its portfolio. Moors & Cabot owns 21,728 shares or 0.01% of their US portfolio. Exane Derivatives holds 0% or 1 shares. Bancshares Of Montreal Can holds 25,000 shares or 0% of its portfolio.

Since June 1, 2017, it had 2 buys, and 0 insider sales for $169,340 activity. On Thursday, June 1 Malter Michael J. bought $66,150 worth of RAIT Financial Trust (NYSE:RAS) or 12,000 shares.

The stock of RAIT Financial Trust (RAS) formed a down wedge with $2.01 target or 3.00 % below today’s $2.07 share price. The 5 months wedge indicates high risk for the $194.21M company. If the $2.01 price target is reached, the company will be worth $5.83M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

About 319,874 shares traded. RAIT Financial Trust (NYSE:RAS) has declined 22.26% since July 17, 2016 and is downtrending. It has underperformed by 38.96% the S&P500.

Analysts await RAIT Financial Trust (NYSE:RAS) to report earnings on August, 4. They expect $0.04 earnings per share, down 66.67 % or $0.08 from last year’s $0.12 per share. RAS’s profit will be $3.75 million for 12.94 P/E if the $0.04 EPS becomes a reality. After $0.06 actual earnings per share reported by RAIT Financial Trust for the previous quarter, Wall Street now forecasts -33.33 % negative EPS growth.

RAIT Financial Trust (NYSE:RAS) Ratings Coverage

Among 7 analysts covering RAIT Financial Trust (NYSE:RAS), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. RAIT Financial Trust had 10 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Compass Point given on Thursday, December 10. On Friday, January 22 the stock rating was initiated by FBR Capital with “Outperform”. On Friday, February 26 the stock rating was maintained by FBR Capital with “Outperform”. The rating was downgraded by Deutsche Bank on Thursday, March 2 to “Hold”. The company was downgraded on Wednesday, December 9 by JMP Securities. As per Monday, August 3, the company rating was upgraded by Ladenburg Thalmann. Deutsche Bank maintained RAIT Financial Trust (NYSE:RAS) rating on Monday, March 14. Deutsche Bank has “Buy” rating and $3.60 target.

More notable recent RAIT Financial Trust (NYSE:RAS) news were published by: Reuters.com which released: “BRIEF-RAIT Financial Trust sells 4 properties for $73.2 mln in Q2 2017” on July 05, 2017, also Businesswire.com with their article: “RAIT Financial Trust Sells Four Properties for $73.2 Million in Second Quarter …” published on July 05, 2017, Barrons.com published: “Highland Capital Takes the Measure of RAIT Financial Trust” on January 07, 2017. More interesting news about RAIT Financial Trust (NYSE:RAS) were released by: Businesswire.com and their article: “RAIT Financial Trust Appoints Two Independent Trustees to its Board” published on June 27, 2017 as well as Seekingalpha.com‘s news article titled: “RAIT Financial Trust Viewed Through The Eyes Of A Preferred Investor: An Update” with publication date: January 19, 2017.

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