Geode Capital Management LLC Boosts Holdings in Lument Finance Trust, Inc. (NYSE:LFT)

Geode Capital Management LLC raised its stake in shares of Lument Finance Trust, Inc. (NYSE:LFT) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438,953 shares of the technology company’s stock after buying an additional 11,718 shares during the quarter. Geode Capital Management LLC owned about 0.84% of Lument Finance Trust worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LFT. Barclays PLC bought a new position in shares of Lument Finance Trust during the third quarter worth $120,000. Acadian Asset Management LLC purchased a new stake in Lument Finance Trust in the 2nd quarter worth $55,000. Sei Investments Co. purchased a new stake in Lument Finance Trust in the 2nd quarter worth $54,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Lument Finance Trust during the 2nd quarter valued at about $27,000. Finally, Glenmede Trust Co. NA purchased a new position in shares of Lument Finance Trust during the third quarter valued at about $85,000. Institutional investors own 19.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

Lument Finance Trust Trading Down 4.7 %

LFT stock opened at $2.46 on Friday. The firm has a fifty day moving average price of $2.59 and a 200 day moving average price of $2.54. Lument Finance Trust, Inc. has a fifty-two week low of $2.16 and a fifty-two week high of $2.79. The firm has a market cap of $128.64 million, a PE ratio of 6.83 and a beta of 1.07. The company has a debt-to-equity ratio of 5.39, a quick ratio of 6.29 and a current ratio of 6.29.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $28.93 million during the quarter, compared to analysts’ expectations of $9.06 million. During the same period last year, the company posted $0.11 EPS. Sell-side analysts anticipate that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current fiscal year.

Lument Finance Trust Dividend Announcement

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

Lument Finance Trust 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.