Lument Finance Trust, Inc. (NYSE:LFT) Declares $0.06 Quarterly Dividend

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) announced a quarterly dividend on Friday, June 20th, RTT News reports. Investors 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 annualized dividend and a yield of 10.27%.

Lument Finance Trust has a dividend payout ratio of 97.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. 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 4.6%

NYSE:LFT traded down $0.11 on Monday, reaching $2.34. 304,293 shares of the company's stock were exchanged, compared to its average volume of 110,742. 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 firm has a market capitalization of $122.27 million, a price-to-earnings ratio of 11.13 and a beta of 0.79. The business has a fifty day moving average of $2.55 and a 200-day moving average of $2.61. Lument Finance Trust has a 52-week low of $2.22 and a 52-week high of $2.84.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lument Finance Trust stock. Goldman Sachs Group Inc. acquired a new position in Lument Finance Trust, Inc. (NYSE:LFT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 25,324 shares of the technology company's stock, valued at approximately $66,000. 19.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.