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Stock Market & Financial Investment News

News Breaks
January 15, 2013
06:19 EDTRASRAIT Financial upgraded to Outperform from Market Perform at FBR Capital
FBR Capital upgraded RAIT Financial citing management's efforts to return the company to profitability and stabilize cash flows. The firm raised its price target for shares to $8 from $5.50.
News For RAS From The Last 14 Days
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July 14, 2014
17:15 EDTRASIndependence Realty Trust says RAIT may buy up to $5M in shares
Earlier, Independence Realty Trust (IRT) announced that it has commenced an underwritten public offering of 6M shares of common stock. The company expects to grant the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock. Independence Realty Trust noted that, "RAIT Financial Trust (IRT) may purchase up to $5M in shares of common stock in the proposed offering at the public offering price; however, RAIT is under no obligation to purchase any shares in the offering." Shares of RAIT Financial Trust are lower by 1.1% in after hours trading.

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