Lument Finance Trust (NYSE:LFT) Share Price Crosses Above 200 Day Moving Average of $2.48

Lument Finance Trust, Inc. (NYSE:LFT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.48 and traded as high as $2.54. Lument Finance Trust shares last traded at $2.48, with a volume of 81,634 shares traded.

Analyst Ratings Changes

Separately, Raymond James cut shares of Lument Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 19th.

Lument Finance Trust Stock Down 2.0 %

The company has a quick ratio of 5.78, a current ratio of 5.78 and a debt-to-equity ratio of 5.64. The company’s fifty day moving average price is $2.53 and its 200-day moving average price is $2.48. The stock has a market capitalization of $129.60 million, a PE ratio of 7.75 and a beta of 1.06.

Lument Finance Trust (NYSE:LFT) last posted its quarterly earnings results on Monday, August 12th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $30.64 million during the quarter, compared to analysts’ expectations of $9.82 million. Lument Finance Trust had a return on equity of 14.10% and a net margin of 16.91%. During the same period in the prior year, the firm earned $0.04 EPS. Analysts forecast that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current year.

Lument Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, September 30th. This represents a $0.32 annualized dividend and a dividend yield of 12.90%. Lument Finance Trust’s payout ratio is 100.00%.

Institutional Trading of Lument Finance Trust

A number of hedge funds have recently bought and sold shares of LFT. Sei Investments Co. purchased a new position in shares of Lument Finance Trust during the 2nd quarter worth $54,000. Mercer Global Advisors Inc. ADV bought a new stake in Lument Finance Trust during the second quarter valued at about $27,000. Acadian Asset Management LLC purchased a new stake in Lument Finance Trust in the second quarter worth about $55,000. Hillsdale Investment Management Inc. raised its stake in shares of Lument Finance Trust by 110.7% in the first quarter. Hillsdale Investment Management Inc. now owns 75,000 shares of the technology company’s stock worth $187,000 after buying an additional 39,396 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Lument Finance Trust by 8.9% in the first quarter. Vanguard Group Inc. now owns 1,557,677 shares of the technology company’s stock worth $3,879,000 after buying an additional 127,887 shares during the period. Hedge funds and other institutional investors own 19.45% of the company’s stock.

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.