Lument Finance Trust (NYSE:LFT - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.
Lument Finance Trust Stock Performance
NYSE:LFT opened at $1.85 on Wednesday. The firm has a market cap of $96.57 million, a PE ratio of 9.71 and a beta of 0.81. Lument Finance Trust has a fifty-two week low of $1.83 and a fifty-two week high of $2.84. The company has a debt-to-equity ratio of 4.35, a quick ratio of 6.41 and a current ratio of 6.41. The business has a 50 day moving average price of $2.16 and a 200-day moving average price of $2.35.
Lument Finance Trust (NYSE:LFT - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The technology company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). Lument Finance Trust had a return on equity of 12.51% and a net margin of 14.50%.The business had revenue of $6.96 million during the quarter, compared to analysts' expectations of $8.66 million. Equities research analysts predict that Lument Finance Trust will post 0.42 earnings per share for the current year.
Institutional Trading of Lument Finance Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LFT. Bank of America Corp DE lifted its stake in Lument Finance Trust by 3,989.4% in the second quarter. Bank of America Corp DE now owns 14,640 shares of the technology company's stock worth $32,000 after acquiring an additional 14,282 shares during the period. Bailard Inc. purchased a new position in Lument Finance Trust during the first quarter valued at $47,000. Intech Investment Management LLC purchased a new position in Lument Finance Trust during the second quarter valued at $52,000. OMERS ADMINISTRATION Corp purchased a new position in Lument Finance Trust during the first quarter valued at $55,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Lument Finance Trust during the second quarter valued at $55,000. Hedge funds and other institutional investors own 19.45% of the company's stock.
About Lument Finance Trust
(
Get Free Report)
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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