Rait Financial Stock To Go Ex-dividend Monday (RAS)

NEW YORK (TheStreet) -- The ex-dividend date for Rait Financial (NYSE:RAS) is Monday, March 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $5.19 as of 9:30 a.m. ET, the dividend yield is 6%.

The average volume for Rait Financial has been 622,200 shares per day over the past 30 days. Rait Financial has a market cap of $227.6 million and is part of the financial sector and real estate industry. Shares are up 11.4% year to date as of the close of trading on Thursday.

RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust (REIT). The company, through its subsidiaries, invests in, manages, and services real estate-related assets with a focus on commercial real estate.

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TheStreet Ratings rates Rait Financial as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Rait Financial Ratings Report.

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