Lument Finance Trust (NYSE:LFT) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Lument Finance Trust, Inc. (NYSE:LFT)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.55 and traded as high as $2.66. Lument Finance Trust shares last traded at $2.63, with a volume of 84,967 shares.

Lument Finance Trust Price Performance

The stock has a market cap of $137.27 million, a PE ratio of 7.29 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. The company’s 50 day moving average is $2.62 and its 200-day moving average is $2.55.

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

Lument Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 13.71%. The ex-dividend date was Tuesday, December 31st. Lument Finance Trust’s dividend payout ratio (DPR) is presently 88.89%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. bought a new stake in Lument Finance Trust in the 2nd quarter valued at about $54,000. Connor Clark & Lunn Investment Management Ltd. raised its position 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 in the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Lument Finance Trust during the 3rd quarter worth about $85,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lument Finance Trust in the 3rd quarter worth approximately $32,000. Finally, Barclays PLC bought a new stake in shares of Lument Finance Trust in the 3rd quarter worth approximately $120,000. 19.45% of the stock is owned by institutional investors and hedge funds.

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.