RAIT Financial Trust (NYSE:RAS) Updates On Dividend Release Date


On 2016-06-16, RAIT Financial Trust (NYSE:RAS) confirmed the dividend disbursement of $0.09 a share to shareholders as on record 2016-07-08. The firm will release dividend on 2016-07-29 while ex-dividend date is reported to be 2016-07-06.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, RAIT Financial Trust (NYSE:RAS) paid a total of $0.09 per share in dividends. This figure stood at $0.09 a share in the same period a year ago indicating a deviation of 4.3478%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $3.533 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $3.75 and $3.25, respectively.

Taking the mathematical rating formula, the price for RAIT Financial Trust (NYSE:RAS) stands at 1.5. Earnings Review RAIT Financial Trust (NYSE:RAS) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are expecting EPS of $0.16.

Coming to the quarter ending on 2015-12-31, RAIT Financial Trust (NYSE:RAS) recorded EPS of $0.12. The reported numbers came lower than the analysts’ estimates of $0.16, demonstrating a miss of $-0.04 as against reported figures.

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