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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.

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-0.32 (-0.37%)

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Ameren

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WEC

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Takata

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Takata

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Takata

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IRDM

Iridium

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TKTDY

Takata

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SEAS

SeaWorld

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-0.16 (-1.01%)

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FB

Facebook

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FRO

Frontline

$5.59

0.08 (1.45%)

, GNRT

Gener8 Maritime

$6.12

0.21 (3.55%)

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WMT

Wal-Mart

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GOOG

Alphabet

$965.59

8.5 (0.89%)

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Alphabet Class A

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LNG

Cheniere Energy

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VIA

Viacom

$39.15

0.1 (0.26%)

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GSK

GlaxoSmithKline

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BHVN

Biohaven Pharmaceutical

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