Lument Finance Trust (NYSE:LFT) Share Price Passes Above 200 Day Moving Average of $2.38

Lument Finance Trust, Inc. (NYSE:LFT) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.38 and traded as high as $2.57. Lument Finance Trust shares last traded at $2.50, with a volume of 252,771 shares traded.

Analyst Ratings Changes

Separately, Jonestrading restated a “buy” rating and set a $2.50 price objective on shares of Lument Finance Trust in a research report on Monday, May 13th.

Lument Finance Trust Stock Down 1.6 %

The stock has a market cap of $130.65 million, a price-to-earnings ratio of 7.81 and a beta of 1.08. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 6.05. The firm’s 50 day moving average is $2.45 and its two-hundred day moving average is $2.38.

Lument Finance Trust (NYSE:LFT) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Lument Finance Trust had a net margin of 16.43% and a return on equity of 12.59%. The business had revenue of $33.71 million during the quarter, compared to analyst estimates of $10.56 million. On average, sell-side analysts predict that Lument Finance Trust, Inc. will post 0.44 EPS for the current year.

Lument Finance Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 12.80%. The ex-dividend date is Thursday, June 27th. This is a positive change from Lument Finance Trust’s previous quarterly dividend of $0.07. Lument Finance Trust’s dividend payout ratio is currently 87.50%.

Institutional Trading of Lument Finance Trust

A number of hedge funds have recently added to or reduced their stakes in LFT. Arlington Trust Co LLC acquired a new position in shares of Lument Finance Trust during the 4th quarter valued at about $26,000. LSV Asset Management purchased a new position in Lument Finance Trust during the first quarter worth approximately $41,000. Hillsdale Investment Management Inc. acquired a new position in shares of Lument Finance Trust in the 4th quarter valued at $83,000. Foundations Investment Advisors LLC acquired a new position in shares of Lument Finance Trust in the 4th quarter valued at $211,000. Finally, Melia Wealth LLC purchased a new stake in shares of Lument Finance Trust during the 1st quarter valued at $489,000. 19.45% of the stock is owned by institutional investors and hedge funds.

Lument Finance Trust Company Profile

Lument Finance Trust, Inc, a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily invests in transitional floating rate CRE mortgage loans on middle market multi-family assets; and other CRE -related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments.