JMP Securities Reiterates a Hold Rating on RAIT Financial Trust

By Carrie Williams

In a report released today, Steven Delaney from JMP Securities reiterated a Hold rating on RAIT Financial Trust (NYSE: RAS). The company’s shares opened today at $3.12.

According to, Delaney is a 4-star analyst with an average return of 8.7% and a 82.9% success rate. Delaney covers the Financial sector, focusing on stocks such as New York Mortgage Trust, Starwood Property Trust, and Owens Realty Mortgage.

RAIT Financial Trust has an analyst consensus of Hold.

Based on RAIT Financial Trust’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $50.43 million and quarterly net profit of $8.71 million. In comparison, last year the company earned revenue of $83.26 million and had a net profit of $1.77 million.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is neutral on the stock.

RAIT Financial Trust is an internally managed real estate investment trust, which provides offers comprehensive set of debt financing options to the commercial real estate industry and provide asset and property management services. The company own and manage a portfolio of commercial real estate properties and manage real estate assets for third parties. It operates through the following reportable segments: Real Estate Lending, Owning and Managing, IRT and Taberna Securitization. The Real Estate Lending, Owning and Managing segment concentrates on lending, owning and managing commercial real estate assets throughout the United States. The form of investment may range from first mortgage loans to equity ownership of a commercial real estate property. The IRT segment concentrates on the ownership of apartment properties in opportunistic markets throughout the United States. The Taberna Securitization segment includes the ownership and management of three real estate trust preferred securitizations. RAIT Financial Trust was founded by Betsy Z. Cohen in August 1997 and is headquartered in Philadelphia, PA.