Highland Capital Management Picked Rait Financial Trust (NYSE:RAS) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Rait Financial Trust (NYSE:RAS) reported that Highland Capital Management has picked up 2,219,361 of common stock as of 2017-02-24.

The acquisition brings the aggregate amount owned by Highland Capital Management to a total of 2,219,361 representing a 2.4% stake in the company.

For those not familiar with the company, RAIT Financial Trust (RAIT) is a self-managed and self-advised real estate investment trust (REIT). RAIT uses its vertically integrated platform and relationships to originate commercial real estate loans, acquire commercial real estate properties and invest in, manage and service commercial real estate assets. The Company’s segments are real estate lending, owning and managing segment, Independence Realty Trust, Inc. (IRT) segment and Taberna Securitization segment. The Company’s real estate lending, owning and managing segment concentrates on lending, owning and managing commercial real estate assets throughout the United States. The Company’s IRT segment concentrates on the ownership of apartment properties in opportunistic markets throughout the United States. The Company’s Taberna Securitization segment includes the ownership and management of approximately three real estate trust preferred securitizations.

A glance at Rait Financial Trust (NYSE:RAS)’s key stats reveals a current market capitalization of 324.43 million based on 92.18 million shares outstanding and a price at last close of $3.52 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-03-02, Schaeffer picked up 21,200   at a purchase price of $2.92. This brings their total holding to 380,916 as of the date of the filing.

On the sell side, the most recent transaction saw Schaeffer unload 9,882 shares at a sale price of $2.55. This brings their total holding to 385,155.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Rait Financial Trust (NYSE:RAS) as things move forward to see if its progress aligns with these transactions.

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