Zacks Investment Research downgraded shares of RAIT FINL TRUST (RAS) from N/A to NEUTRAL on January 30, 2013, with a target price of $7.10.
RAIT Financial Trust, a real estate investment trust, originates secured and unsecured credit facilities including bridge and mezzanine loans, preferred equity investments, trust preferred securities and subordinated debt for private and corporate owners of commercial real estate, REITs and real estate operating companies and their intermediaries throughout the United States. It is a leading diversified real estate finance company focused on the commercial real estate industry. RAIT originates secured and unsecured product including bridge and mezzanine loans, preferred equity investments, trusts preferred securities and subordinated debt, for private and corporate owners of commercial real estate, REIT's and real estate operating companies and their intermediaries throughout the United States.
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