NEW YORK ( TheStreet) -- The ex-dividend date for Rait Financial (NYSE: RAS) is tomorrow, October 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $3.11 as of 9:30 a.m. ET, the dividend yield is 7.1%.

The average volume for Rait Financial has been 1.2 million shares per day over the past 30 days. Rait Financial has a market cap of $130.3 million and is part of the financial sector and real estate industry. Shares are up 42.5% year to date as of the close of trading on Monday.

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. The company has a P/E ratio of 3.6, above the average real estate industry P/E ratio of 3.5 and below the S&P 500 P/E ratio of 17.7.
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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, weak operating cash flow and poor profit margins. You can view the full Rait Financial Ratings Report.

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