Lument Finance Trust (NYSE:LFT) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Lument Finance Trust, Inc. (NYSE:LFT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.53 and traded as high as $2.75. Lument Finance Trust shares last traded at $2.75, with a volume of 174,717 shares trading hands.

Analysts Set New Price Targets

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

Lument Finance Trust Price Performance

The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The company’s 50 day moving average price is $2.56 and its 200 day moving average price is $2.53. The firm has a market capitalization of $143.80 million, a P/E ratio of 7.64 and a beta of 1.08.

Lument Finance Trust (NYSE:LFT) last issued its earnings results on Tuesday, November 12th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. The company had revenue of $28.93 million for the quarter, compared to analyst estimates of $9.06 million. During the same quarter last year, the firm earned $0.11 EPS. As a group, sell-side analysts anticipate that Lument Finance Trust, Inc. will post 0.42 EPS for the current fiscal year.

Lument Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 13.09%. The ex-dividend date is Tuesday, December 31st. Lument Finance Trust’s dividend payout ratio (DPR) is presently 88.89%.

Hedge Funds Weigh In On Lument Finance Trust

A number of large investors have recently modified their holdings of LFT. Connor Clark & Lunn Investment Management Ltd. lifted 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 buying an additional 11,001 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Lument Finance Trust in the 2nd quarter valued at about $27,000. Geode Capital Management LLC raised its holdings in 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 valued at $1,111,000 after acquiring an additional 11,718 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Lument Finance Trust during the third quarter worth approximately $32,000. Finally, Sei Investments Co. bought a new stake in shares of Lument Finance Trust during the second quarter worth approximately $54,000. 19.45% of the stock is currently 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.