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RAS

RAIT Financial

$3.03

-0.04 (-1.30%)

16:23
12/01/16
12/01
16:23
12/01/16
16:23

RAIT Financial Trust sells three apartment properties for $73.5M

RAIT Financial Trust announced that, so far this quarter, it has sold three apartment properties, in separate transactions, which generated aggregate gross proceeds of $73.5M. RAIT sold a 288 unit property located in Houston, Texas, a 343 unit property in Miami Gardens, Florida and a 120 unit property in Las Vegas, Nevada. After using approximately $62.4M of these gross proceeds to pay transaction costs and to repay related RAIT indebtedness, RAIT received aggregate net proceeds of approximately $11.4M. RAIT expects to recognize an aggregate gain of approximately $11.2M associated with these three sales in the quarter ending December 31, 2016. Year-to-date, RAIT has generated $265.3M of aggregate gross proceeds from property sales from its property portfolio and repaid $233.3M of related RAIT indebtedness. The property sales and related reductions in indebtedness announced today continue RAIT's ongoing process to transition to a more focused and simpler business model, deleverage and, ultimately, position RAIT to generate enhanced returns for its shareholders.

RAS RAIT Financial
$3.03

-0.04 (-1.30%)

12/09/15
12/09/15
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Residential Properties (ARPI) downgraded to Neutral at Sterne Agee CRT... Anglo American (AAUKY) downgraded to Underperform from Hold at Jefferies... CACI (CACI) downgraded to Hold from Buy at BB&T... Catalent (CTLT) downgraded to Market Perform from Outperform at Raymond James... CorEnergy (CORR) downgraded to Neutral from Buy at BofA/Merrill... Electrolux AB (ELUXY) downgraded to Underweight from Equal Weight at Barclays... F5 Networks (FFIV) downgraded to Reduce from Neutral at Nomura... Finish Line (FINL) downgraded to Neutral from Overweight at Piper Jaffray... Foresight Energy (FELP) downgraded to Market Perform from Outperform at Cowen... Hancock Holding (HBHC) downgraded to Equal Weight from Overweight at Stephens... Independent Bank (IBTX) downgraded to Equal Weight from Overweight at Stephens... Jabil Circuit (JBL) downgraded on valuation, results outlook at Stifel... Kinder Morgan (KMI) downgraded to Sector Perform from Outperform at RBC Capital... LegacyTexas Financial (LTXB) downgraded to Equal Weight from Overweight at Stephens... Manpower (MAN) downgraded to Hold from Buy at Deutsche Bank... Norwegian Cruise Line (NCLH) downgraded to Sell from Neutral at Goldman... On Assignment (ASGN) downgraded to Hold from Buy at Deutsche Bank... RAIT Financial (RAS) downgraded on dividend reduction at JMP Securities... Robert Half (RHI) downgraded to Hold from Buy at Deutsche Bank... SKF AB (SKFRY) downgraded to Equal Weight from Overweight at Barclays... Sandvik AB (SDVKY) downgraded to Underweight from Equal Weight at Barclays... Smith & Wesson (SWHC) downgraded on valuation at RBC Capital... SunCoke Energy Partners (SXCP) downgraded to Underperform from Buy at BofA/Merrill... SunCoke Energy (SXC) downgraded to Underperform at BofA/Merrill.
12/10/15
COMP
12/10/15
DOWNGRADE
COMP
Neutral
RAIT Financial downgraded to Neutral from Buy at Compass Point
01/22/16
FBRC
01/22/16
INITIATION
Target $3.5
FBRC
Outperform
RAIT Financial initiated with an Outperform at FBR Capital
Target $3.50.
01/22/16
01/22/16
INITIATION

On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: CVS Health (CVS) initiated with an Outperform at Baird... Cognex (CGNX) initiated with an Outperform at Raymond James... Ctrip.com (CTRP) initiated with a Buy at Nomura... First Industrial Realty (FR) initiated with a Buy at Jefferies... Kura Oncology (KURA) initiated with an Outperform at JMP Securities... Matador (MTDR) initiated with an Outperform at Iberia... NetEase (NTES) initiated with a Neutral at Nomura... Praxair (PX) reinstated with an Underperform at BofA/Merrill... Primerica (PRI) initiated with an Outperform at William Blair... Prologis (PLD) initiated with a Hold at Jefferies... RAIT Financial (RAS) initiated with an Outperform at FBR Capital... STAG Industrial (STAG) initiated with a Hold at Jefferies... SolarCity (SCTY) initiated with an Overweight at Barclays... Sprouts Farmers Markets (SFM) initiated with an Outperform at Wells Fargo... Sunrun (RUN) initiated with an Overweight at Barclays... Terreno Realty (TRNO) initiated with a Hold at Jefferies... Tower Semiconductor (TSEM) initiated with a Strong Buy at Needham... Unique Fabricating (UFAB) initiated with a Buy at B. Riley... Walgreens Boots Alliance (WBA) initiated with an Outperform at Baird.

TODAY'S FREE FLY STORIES

VNCE

Vince Holding

$4.55

0.35 (8.33%)

20:25
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  • 08

    Dec

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    Jan

NWBO

Northwest Biotherapeutics

$0.55

0.0227 (4.33%)

20:17
12/07/16
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Northwest Biotherapeutics to delist from Nasdaq, confirms clinical trial plans »

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AAPL

Apple

$111.03

1.08 (0.98%)

, MSFT

Microsoft

$61.37

1.42 (2.37%)

20:07
12/07/16
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Periodicals
NHL in negotiations to bring Apple devices to team benches, TSN says »

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AAPL

Apple

$111.03

1.08 (0.98%)

MSFT

Microsoft

$61.37

1.42 (2.37%)

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  • 07

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  • 13

    Mar

ATKR

Atkore

$19.71

-0.11 (-0.55%)

19:59
12/07/16
12/07
19:59
12/07/16
19:59
Syndicate
Atkore 8M share Secondary priced at $19.00 »

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Citigroup
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  • 08

    Dec

BPMC

Blueprint Medicines

$26.20

-2.23 (-7.84%)

19:58
12/07/16
12/07
19:58
12/07/16
19:58
Syndicate
Blueprint Medicines 5M share Secondary priced at $25.00 »

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  • 08

    Dec

LULU

lululemon

$59.84

2.6 (4.54%)

19:50
12/07/16
12/07
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19:50
Hot Stocks
lululemon CFO says early Q4 trends strengthened into December »

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  • 07

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  • 09

    Jan

LULU

lululemon

$59.84

2.6 (4.54%)

19:50
12/07/16
12/07
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19:50
Hot Stocks
lululemon CEO highlights Q3 gross margin, reports 11% comp growth in pants »

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  • 07

    Dec

  • 09

    Jan

CVX

Chevron

$114.44

1.68 (1.49%)

19:20
12/07/16
12/07
19:20
12/07/16
19:20
Hot Stocks
Chevron announces $19.8B capital, exploratory budget for 2017 »

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  • 13

    Dec

X

U.S. Steel

$37.49

1.54 (4.28%)

18:49
12/07/16
12/07
18:49
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18:49
Periodicals
U.S. Steel CEO: Company may bring back 10,000 U.S. jobs, CNBC says »

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VNDA

Vanda

$15.40

-0.6 (-3.75%)

18:47
12/07/16
12/07
18:47
12/07/16
18:47
Hot Stocks
Vanda settles Fanapt patent litigation with Apotex »

Vanda Pharmaceuticals…

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AE

Adams Resources

$42.31

-0.68 (-1.58%)

, SWN

Southwestern Energy

$12.37

-0.08 (-0.64%)

18:46
12/07/16
12/07
18:46
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18:46
Hot Stocks
Adams Resources appoints Josh Anders as CFO »

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AE

Adams Resources

$42.31

-0.68 (-1.58%)

SWN

Southwestern Energy

$12.37

-0.08 (-0.64%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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EZPW

EZCORP

$11.80

0.05 (0.43%)

18:42
12/07/16
12/07
18:42
12/07/16
18:42
Earnings
EZCORP reports Q4 EPS with items (31c), may not compare to consensus 6c »

EPS figure includes…

03/08/13
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  • 08

    Dec

RICE

Rice Energy

$24.59

-0.16 (-0.65%)

18:33
12/07/16
12/07
18:33
12/07/16
18:33
Initiation
Rice Energy initiated  »

Rice Energy initiated…

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AMZN

Amazon.com

$770.42

5.7 (0.75%)

18:30
12/07/16
12/07
18:30
12/07/16
18:30
Periodicals
Amazon spokesperson denies 2,000 grocery stores report, CNET says »

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ICON

Iconix Brand

$9.26

0.14 (1.54%)

18:23
12/07/16
12/07
18:23
12/07/16
18:23
Hot Stocks
Iconix Brand reports employment termination of Chief Strategy Officer Blumberg »

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PBYI

Puma Biotechnology

$39.80

-2 (-4.78%)

18:23
12/07/16
12/07
18:23
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18:23
Hot Stocks
Puma Biotechnology 'pleased' to complete biomarker analysis of neratinib »

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FTK

Flotek

$11.10

-2.01 (-15.33%)

18:17
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12/07
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18:17
Hot Stocks
Flotek: Reviewing FourWorld Capital short report, remain confident in product »

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  • 07

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  • 07

    Dec

PBYI

Puma Biotechnology

$39.80

-2 (-4.78%)

18:09
12/07/16
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Hot Stocks
Puma Biotechnology 'pleased' with preliminary neratinib activity »

Puma Biotechnology…

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03/08/13
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PNM

PNM Resources

$32.05

0.45 (1.42%)

18:09
12/07/16
12/07
18:09
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18:09
Hot Stocks
PNM Resources requests an electric rate increase of $99M in New Mexico »

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  • 14

    Dec

BK

BNY Mellon

$48.55

0.56 (1.17%)

18:03
12/07/16
12/07
18:03
12/07/16
18:03
Periodicals
BNY Mellon outage led to certain Swift payment failures, WSJ reports »

Bank of New York Mellon…

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TLRD

Tailored Brands

$18.93

0.62 (3.39%)

17:52
12/07/16
12/07
17:52
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17:52
Hot Stocks
Tailored Brands up 22% to $23.20 after Q3 results beat estimates »

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  • 08

    Dec

FLXS

Flexsteel Industries

$59.12

2.92 (5.20%)

, UNH

UnitedHealth

$159.40

2.08 (1.32%)

17:50
12/07/16
12/07
17:50
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17:50
Hot Stocks
Flexsteel names Eric Rangen chair of the board »

Flexsteel Industries…

FLXS

Flexsteel Industries

$59.12

2.92 (5.20%)

UNH

UnitedHealth

$159.40

2.08 (1.32%)

03/08/13
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03/08/13
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03/06/13
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NKE

Nike

$52.10

1.53 (3.03%)

, UA

Under Armour

$27.03

1.62 (6.38%)

17:49
12/07/16
12/07
17:49
12/07/16
17:49
Periodicals
Nike losing market share to faster-growing rivals, Barron's reports »

Despite being down nearly…

NKE

Nike

$52.10

1.53 (3.03%)

UA

Under Armour

$27.03

1.62 (6.38%)

ADDYY

adidas

$76.96

1.225 (1.62%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 20

    Dec

T

AT&T

$40.45

1.1 (2.80%)

17:45
12/07/16
12/07
17:45
12/07/16
17:45
Conference/Events
AT&T management to meet with Jefferies »

Group dinner to be held…

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03/06/13
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  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

EFC

Ellington Financial

$16.30

0.2 (1.24%)

17:41
12/07/16
12/07
17:41
12/07/16
17:41
Hot Stocks
Ellington Financial reports estimated book value per share $19.80 as of Nov 30 »

Ellington Financial…

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