MGM Growth Properties (MGP) Forms $28.60 Double Bottom; RAIT Financial Trust (RAS) Had 1 Analysts Last Week

Among 7 analysts covering RAIT Financial Trust (NYSE:RAS), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. RAIT Financial Trust had 14 analyst reports since August 3, 2015 according to SRatingsIntel. Deutsche Bank maintained the shares of RAS in report on Monday, March 14 with “Buy” rating. The firm earned “Market Underperform” rating on Wednesday, August 9 by JMP Securities. The company was downgraded on Thursday, December 10 by Compass Point. The rating was downgraded by FBR Capital on Tuesday, August 15 to “Hold”. The firm earned “Mkt Perform” rating on Wednesday, December 9 by JMP Securities. The firm earned “Outperform” rating on Friday, February 26 by FBR Capital. The firm has “Hold” rating given on Tuesday, August 15 by Deutsche Bank. The company was maintained on Wednesday, February 21 by FBR Capital. The firm earned “Hold” rating on Thursday, March 2 by Deutsche Bank. The firm has “Buy” rating by Ladenburg Thalmann given on Monday, August 3. See RAIT Financial Trust (NYSE:RAS) latest ratings:

21/02/2018 Broker: FBR Capital Rating: Hold New Target: $0.5 Maintain

MGM Growth Properties LLC (MGP) formed double bottom with $27.74 target or 3.00% below today’s $28.60 share price. MGM Growth Properties LLC (MGP) has $7.61 billion valuation. The stock increased 0.63% or $0.18 during the last trading session, reaching $28.6. About 709,772 shares traded. MGM Growth Properties LLC (NYSE:MGP) has risen 0.27% since May 17, 2017 and is uptrending. It has underperformed by 11.28% the S&P500.

Analysts await MGM Growth Properties LLC (NYSE:MGP) to report earnings on August, 14. They expect $0.54 EPS, up 8.00% or $0.04 from last year’s $0.5 per share. MGP’s profit will be $143.67 million for 13.24 P/E if the $0.54 EPS becomes a reality. After $0.53 actual EPS reported by MGM Growth Properties LLC for the previous quarter, Wall Street now forecasts 1.89% EPS growth.

Among 6 analysts covering MGM Growth Properties (NYSE:MGP), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. MGM Growth Properties had 6 analyst reports since May 16, 2016 according to SRatingsIntel. Buckingham Research initiated MGM Growth Properties LLC (NYSE:MGP) on Tuesday, November 22 with “Buy” rating. The firm has “Neutral” rating given on Monday, May 16 by Citigroup. The firm has “Buy” rating given on Monday, May 16 by Deutsche Bank. The stock of MGM Growth Properties LLC (NYSE:MGP) has “Overweight” rating given on Monday, May 16 by JP Morgan. Morgan Stanley initiated the stock with “Overweight” rating in Monday, May 16 report. On Monday, May 16 the stock rating was initiated by Suntrust Robinson with “Buy”.

The stock decreased 8.34% or $0.014 during the last trading session, reaching $0.156. About 1.36M shares traded. RAIT Financial Trust (NYSE:RAS) has declined 93.53% since May 17, 2017 and is downtrending. It has underperformed by 105.08% the S&P500.

Investors sentiment increased to 1.34 in 2017 Q4. Its up 0.87, from 0.47 in 2017Q3. It improved, as 11 investors sold RAIT Financial Trust shares while 21 reduced holdings. 20 funds opened positions while 23 raised stakes. 37.50 million shares or 21.58% less from 47.82 million shares in 2017Q3 were reported. Sei Invs Com invested in 0% or 88 shares. Susquehanna Interest Gru Inc Llp accumulated 261,178 shares. The Pennsylvania-based Pnc Fincl Grp has invested 0% in RAIT Financial Trust (NYSE:RAS). Proshare Ltd owns 13,635 shares or 0% of their US portfolio. Virtu Fincl Ltd Liability Company invested in 73,469 shares. 75,600 are held by New York State Common Retirement Fund. Credit Suisse Ag owns 26,642 shares. Citadel Advsrs Limited Liability Com accumulated 218,621 shares. Ameritas Inv Prtn holds 0% or 7,053 shares in its portfolio. State Street Corp holds 2.17 million shares or 0% of its portfolio. Strs Ohio invested 0% in RAIT Financial Trust (NYSE:RAS). Millennium Mngmt Ltd Llc has invested 0% of its portfolio in RAIT Financial Trust (NYSE:RAS). 42,616 are owned by State Board Of Administration Of Florida Retirement. Creative Planning reported 625,500 shares. Tricadia Capital Mngmt Limited holds 6.66M shares or 1.22% of its portfolio.

RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust . The company has market cap of $14.52 million. The company, through its subsidiaries, invests in, manages, and services real estate-related assets with a focus on commercial real estate. It currently has negative earnings. It also offers a set of debt financing options to the commercial real estate industry along with fixed income trading and advisory services.

RAIT Financial Trust (NYSE:RAS) Institutional Positions Chart