Lument Finance Trust (NYSE:LFT) Given Hold Rating at Jones Trading

Jones Trading restated their hold rating on shares of Lument Finance Trust (NYSE:LFT) in a research note released on Tuesday,Benzinga reports.

Lument Finance Trust Stock Performance

Lument Finance Trust stock opened at $2.61 on Tuesday. Lument Finance Trust has a fifty-two week low of $2.22 and a fifty-two week high of $2.84. The stock’s 50 day simple moving average is $2.70 and its two-hundred day simple moving average is $2.61. The company has a debt-to-equity ratio of 5.39, a quick ratio of 6.29 and a current ratio of 6.29. The stock has a market cap of $136.26 million, a price-to-earnings ratio of 7.24 and a beta of 1.05.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings results on Wednesday, March 19th. The technology company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $9.55 million for the quarter, compared to analysts’ expectations of $8.89 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. As a group, analysts expect that Lument Finance Trust will post 0.42 earnings per share for the current fiscal year.

Lument Finance Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, March 31st. This represents a $0.32 dividend on an annualized basis and a yield of 12.28%. Lument Finance Trust’s dividend payout ratio (DPR) is currently 91.43%.

Institutional Investors Weigh In On Lument Finance Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of LFT. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Lument Finance Trust by 72.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock worth $66,000 after buying an additional 11,001 shares during the last quarter. Glenmede Trust Co. NA bought a new stake in Lument Finance Trust in the third quarter worth $85,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Lument Finance Trust in the third quarter worth $32,000. Barclays PLC bought a new position in shares of Lument Finance Trust during the third quarter valued at $120,000. Finally, Geode Capital Management LLC raised its position in shares of Lument Finance Trust by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 438,953 shares of the technology company’s stock worth $1,111,000 after purchasing an additional 11,718 shares during the last quarter. Hedge funds and other institutional investors own 19.45% of the company’s stock.

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.