Lument Finance Trust, Inc. to Issue Quarterly Dividend of $0.06 (NYSE:LFT)

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) announced a quarterly dividend on Friday, June 20th, RTT News reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.06 per share by the technology company on Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 9.78%.

Lument Finance Trust has a dividend payout ratio of 97.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities research analysts expect Lument Finance Trust to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 80.0%.

Lument Finance Trust Trading Down 0.2%

LFT stock traded down $0.01 during trading on Friday, hitting $2.46. The company had a trading volume of 104,187 shares, compared to its average volume of 109,962. The firm has a 50-day moving average price of $2.56 and a 200-day moving average price of $2.61. Lument Finance Trust has a 12 month low of $2.22 and a 12 month high of $2.84. The company has a quick ratio of 6.98, a current ratio of 6.98 and a debt-to-equity ratio of 4.69. The stock has a market cap of $128.46 million, a price-to-earnings ratio of 11.69 and a beta of 0.79.

Lument Finance Trust (NYSE:LFT - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $9.32 million for the quarter, compared to analyst estimates of $9.21 million. Lument Finance Trust had a net margin of 13.99% and a return on equity of 13.45%. As a group, analysts predict that Lument Finance Trust will post 0.42 earnings per share for the current year.

Institutional Trading of Lument Finance Trust

A hedge fund recently bought a new stake in Lument Finance Trust stock. Goldman Sachs Group Inc. acquired a new position in shares of Lument Finance Trust, Inc. (NYSE:LFT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 25,324 shares of the technology company's stock, valued at approximately $66,000. 19.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.

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