Active Concerns Wondering Movers: RAIT Financial Trust (NYSE:RAS), RH (NYSE:RH)

RAIT Financial Trust (NYSE:RAS) [Trend Analysis] luring active investment momentum, shares a loss -1.68% to $3.52. RAIT Financial Trust (RAS) reported that fourth quarter and fiscal 2016 financial results. All per share results are declared on a diluted basis. GAAP Earnings per share of $0.17 for the quarter ended December 31, 2016 compared to earnings per share of $0.02 for the quarter ended December 31, 2015.

Cash Accessible for Distribution per share of $0.07 for the quarter ended December 31, 2016 compared to $0.19 per share for the quarter ended December 31, 2015. GAAP Earnings (loss) per share of ($0.11) for the year ended December 31, 2016 compared to earnings per share of $0.08 for the year ended December 31, 2015. CAD per share of $0.45 for the year ended December 31, 2016 compared to $0.77 per share for the year ended December 31, 2015.

“Over the course of the year we have made important progress toward our strategic goal of focusing on our core commercial real estate lending business and we look forward to carrying that momentum into 2017,” said Scott Davidson, RAIT’s Chief Executive Officer.

“We made a number of strategic decisions around, and took actions to further the aim of developing a sustainable platform for growth, including the monetization of our IRT investments, property sales and de-leveraging. As we continue to divest non-lending assets, we are also committed to the sale of Urban Retail which should result in additional cost reductions as well as further organizational simplicity. We will continue our focus on expense reduction while concentrating on our core commercial real estate lending activities. We are confident that we are pursuing the right strategy to position RAIT to grow long-term shareholder value.”

The total volume of 1.01 Million shares held in the session was surprisingly higher than its average volume of 404.54 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 102.10%, and looking further price to next year’s EPS is -666.70%. While take a short look on price to sales ratio, that was 1.24.

Several matter pinch shares of RH (NYSE:RH) [Trend Analysis], as shares moving up 24.41% to $31.34 with a share volume of 14.83 Million. Kahn Swick&Foti, LLC and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., reminds investors that they have until April 3, 2017 to file lead plaintiff applications in a securities class action lawsuit against RH (RH), if they purchased the Company’s shares between March 26, 2015 and June 8, 2016, inclusive.

The action is pending in United States District Court for the Northern District of California.The alleged false and misleading statements and omissions include, but are not limited to, that: (i) RH declared false and misleading earnings forecasts based on its new product line, RH Modern; and (ii) RH misrepresented and concealed the problems surrounding the launch of RH Modern including inventory shortages, shipping delays, and poor construction quality. The stock is going forward its 52-week low with 28.39% and moving down from its 52-week high price with -39.79%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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