Lument Finance Trust, Inc. (NYSE:LFT) Sees Large Growth in Short Interest

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 72,500 shares, an increase of 26.1% from the March 31st total of 57,500 shares. Currently, 0.1% of the company's shares are short sold. Based on an average daily trading volume, of 105,800 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Jones Trading reaffirmed a "hold" rating on shares of Lument Finance Trust in a research report on Tuesday, April 1st.

Lument Finance Trust Stock Up 0.4 %

Shares of LFT traded up $0.01 on Thursday, reaching $2.66. The company's stock had a trading volume of 32,783 shares, compared to its average volume of 109,801. Lument Finance Trust has a twelve month low of $2.22 and a twelve month high of $2.84. The stock has a market capitalization of $139.14 million, a PE ratio of 7.39 and a beta of 0.86. 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 firm has a fifty day moving average of $2.63 and a 200-day moving average of $2.62.

Lument Finance Trust (NYSE:LFT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The technology company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $9.55 million during the quarter, compared to analyst estimates of $8.89 million. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. Equities analysts predict that Lument Finance Trust will post 0.42 EPS for the current year.

Lument Finance Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 12.03%. The ex-dividend date of this dividend was Monday, March 31st. Lument Finance Trust's dividend payout ratio (DPR) is currently 91.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC bought a new position in shares of Lument Finance Trust in the third quarter worth $120,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Lument Finance Trust during the fourth quarter valued at about $48,000. Geode Capital Management LLC lifted its holdings in shares of Lument Finance Trust by 2.7% in the third quarter. Geode Capital Management LLC now owns 438,953 shares of the technology company's stock worth $1,111,000 after buying an additional 11,718 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Lument Finance Trust in the fourth quarter valued at approximately $48,000. Finally, Melia Wealth LLC increased its holdings in Lument Finance Trust by 3.5% during the 4th quarter. Melia Wealth LLC now owns 727,365 shares of the technology company's stock worth $1,877,000 after acquiring an additional 24,415 shares during the period. 19.45% of the stock is owned by institutional investors.

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.