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Last $5.36 USD
Change Today -0.16 / -2.90%
Volume 634.1K
RAS On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

rait financial trust (RAS) Key Developments

RAIT Financial Trust Declares Dividend for Second Quarter of 2015, Payable on July 31, 2015

RAIT Financial Trust declared a second quarter 2015 cash dividend on RAIT’s common shares of $0.18 per common share. The dividend will be paid on July 31, 2015 to holders of record on July 10, 2015. The ex-dividend date is July 8, 2015.

RAIT Financial Trust Declares Second Quarter 2015 Preferred Dividends, Payable on June 30, 2015

RAIT Financial Trust announced that on May 20, 2015, RAIT’s Board of Trustees declared a second quarter 2015 cash dividend of $0.484375 per share on RAIT’s 7.75% Series A Cumulative Redeemable Preferred Shares, $0.5234375 per share on RAIT’s 8.375% Series B Cumulative Redeemable Preferred Shares and $0.5546875 per share on RAIT’s 8.875% Series C Cumulative Redeemable Preferred Shares. The dividends will be paid on June 30, 2015 to holders of record on June 1, 2015.

RAIT Financial Trust Prices $223.0 Million Non-Recourse, Floating-Rate CMBS Transaction

RAIT Financial Trust announced the pricing of a non-recourse, floating-rate CMBS transaction collateralized by floating rate commercial real estate first lien mortgage loans, all of which were originated by subsidiaries of RAIT. The transaction involves the issuance and sale by a RAIT subsidiary of investment grade notes totaling approximately $181.2 million with a weighted average cost of LIBOR plus 1.84%, which provides an advance rate to the RAIT subsidiary of approximately 81.2%. RAIT affiliates will retain all of the below investment grade and un-rated subordinated interests totaling approximately $41.8 million. RAIT expects the transaction to close on May 22, 2015, subject to customary closing conditions. RAIT is entering into the transaction to obtain non-recourse, matched-term financing for the loans serving as collateral. RAIT expects to earn a high teens return on its retained interest in the affiliated issuing entity, inclusive of fees less transaction expenses, assuming all of the underlying loans are repaid at their stated maturity and not prepaid, in default or sold.

RAIT Financial Trust Presents at Keefe, Bruyette, & Woods Mortgage Finance Conference, Jun-02-2015 03:35 PM

RAIT Financial Trust Presents at Keefe, Bruyette, & Woods Mortgage Finance Conference, Jun-02-2015 03:35 PM. Venue: Millennium Broadway Hotel, 145 West 44th Street, New York, New York, United States.

RAIT Financial Trust Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-10-2015 08:45 AM

RAIT Financial Trust Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-10-2015 08:45 AM. Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States.

 

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RAS:US $5.36 USD -0.16

RAS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
American Capital Mortgage Investment Corp $16.03 USD +0.07
Apollo Residential Mortgage Inc $14.40 USD +0.12
iStar Financial Inc $12.93 USD +0.15
New York Mortgage Trust Inc $7.57 USD +0.14
Western Asset Mortgage Capital Corp $14.68 USD +0.25
View Industry Companies
 

Industry Analysis

RAS

Industry Average

Valuation RAS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.0x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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