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Stock Market & Financial Investment News

News Breaks
January 14, 2013
17:45 EDTRASRAIT Financial announces full exercise of underwriters’ option
RAIT Financial Trust, announced that the underwriters exercised, in full, the option related to RAIT’s public offering of 9M common shares that closed on December 21 and which raised net proceeds of $49M for RAIT, after payment of the underwriting discount and estimated offering expenses. The option covers an additional 1,350,000 common shares and is expected to generate additional net proceeds of approximately $7.4M. The option closing is scheduled for Wednesday, January 16, 2013. RAIT intends to use the additional net proceeds to make investments relating to its business and for general corporate purposes.
News For RAS From The Last 14 Days
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August 3, 2015
10:00 EDTRASOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Networks (AMCX) upgraded to Overweight at Morgan Stanley... Assurant (AIZ) upgraded to Buy from Underperform at BofA/Merrill... BG Group (BRGYY) upgraded to Outperform from Neutral at Credit Suisse... CarMax (KMX) upgraded to Conviction Buy from Buy at Goldman... Extended Stay America (STAY) upgraded to Outperform from Neutral at Baird... Finish Line (FINL) upgraded to Buy from Neutral at Buckingham... First Potomac (FPO) upgraded on positive outlook at BMO Capital... Helmerich & Payne (HP) upgraded to Accumulate from Neutral at Global Hunter... Infineon (IFNNY) upgraded to Neutral from Underperform at BofA/Merrill... NVIDIA (NVDA) upgraded to Outperform from Neutral at Macquarie... Plexus (PLXS) upgraded to Buy from Neutral at Goldman... RAIT Financial (RAS) upgraded to Buy from Neutral at Ladenburg... Royal Dutch Shell (RDS.A) upgraded to Buy from Neutral at UBS... Torchmark (TMK) upgraded to Market Perform from Underperform at FBR Capital... WebMD (WBMD) upgraded to Buy from Neutral at SunTrust... WestRock (WRK) upgraded to Outperform from Market Perform at Wells Fargo... Whiting Petroleum (WLL) upgraded to Buy from Hold at Canaccord.
07:05 EDTRASRAIT Financial upgraded to Buy from Neutral at Ladenburg
Ladenburg upgraded RAIT Financial Trust to Buy with a $6.25 price target citing an "attractive" valuation following the company's better than expected Q2 results.
July 31, 2015
09:06 EDTRASRAIT Financial 8M share Spot Secondary priced at $5.55
Barclays and UBS acted as joint book running managers for the offering.
July 30, 2015
16:17 EDTRASRAIT Financial files to sell 8M shares of common stock
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07:32 EDTRASRAIT Financial reports Q2 CAD 37c, consensus 30c
Reports Q2 revenue $79.4M, consensus $24.95M. Reports Cash Available for Distribution per share was 37c, compared to 19c for the quarter ended March 31, 2015.

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