Why did RAS go up so much today?

I've been keeping an eye on Rait Financial Trust (RAS: stock ticker) stock lately and it has been steadily going from $3 down to $2. Now, today (July 1st, 2011), it decided to go up 217%+, resulting in a net price of $6.80 (or around there). I can't find any headlines explaining what's happening with it.