Lument Finance Trust (LFT) Expected to Announce Quarterly Earnings on Thursday

Lument Finance Trust (NYSE:LFT) is projected to announce its earnings results before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $8.89 million for the quarter.

Lument Finance Trust Stock Down 0.4 %

NYSE:LFT opened at $2.72 on Thursday. The firm has a market capitalization of $142.23 million, a P/E ratio of 7.56 and a beta of 1.07. Lument Finance Trust has a 1-year low of $2.16 and a 1-year high of $2.80. The company’s fifty day moving average price is $2.64 and its 200-day moving average price is $2.58. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29.

Lument Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 13.24%. The ex-dividend date of this dividend was Tuesday, December 31st. Lument Finance Trust’s dividend payout ratio (DPR) is presently 88.89%.

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.