47,462 Shares in Lument Finance Trust, Inc. (NYSE:LFT) Purchased by Barclays PLC

Barclays PLC acquired a new position in Lument Finance Trust, Inc. (NYSE:LFT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 47,462 shares of the technology company’s stock, valued at approximately $120,000. Barclays PLC owned approximately 0.09% of Lument Finance Trust at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in shares of Lument Finance Trust during the 2nd quarter worth about $55,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Lument Finance Trust during the 2nd quarter worth about $27,000. Sei Investments Co. purchased a new stake in shares of Lument Finance Trust during the 2nd quarter worth about $54,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Lument Finance Trust by 72.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock worth $66,000 after purchasing an additional 11,001 shares in the last quarter. Finally, Glenmede Trust Co. NA purchased a new stake in shares of Lument Finance Trust during the 3rd quarter worth about $85,000. 19.45% of the stock is owned by hedge funds and other institutional investors.

Lument Finance Trust Stock Performance

LFT opened at $2.46 on Thursday. The stock has a market cap of $128.64 million, a PE ratio of 6.83 and a beta of 1.07. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 5.39. Lument Finance Trust, Inc. has a 1 year low of $2.16 and a 1 year high of $2.79. The stock’s 50 day simple moving average is $2.59 and its 200-day simple moving average is $2.54.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $28.93 million for the quarter, compared to analysts’ expectations of $9.06 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. During the same period in the previous year, the business posted $0.11 earnings per share. Sell-side analysts forecast that Lument Finance Trust, Inc. will post 0.42 EPS for the current year.

Lument Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 14.63%. The ex-dividend date is Tuesday, December 31st. Lument Finance Trust’s dividend payout ratio is 88.89%.

Analyst Ratings Changes

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

About Lument Finance Trust

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.