Lument Finance Trust (NYSE:LFT - Get Free Report) issued its quarterly earnings results on Monday. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02), Zacks reports. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. The business had revenue of $9.32 million during the quarter, compared to analyst estimates of $9.21 million.
Lument Finance Trust Price Performance
LFT stock traded up $0.07 during midday trading on Thursday, reaching $2.48. The stock had a trading volume of 120,120 shares, compared to its average volume of 111,160. The company's fifty day simple moving average is $2.62 and its 200 day simple moving average is $2.62. 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 has a market cap of $129.46 million, a price-to-earnings ratio of 6.88 and a beta of 0.86. Lument Finance Trust has a 52-week low of $2.22 and a 52-week high of $2.84.
Lument Finance Trust Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.32 dividend on an annualized basis and a yield of 12.93%. Lument Finance Trust's payout ratio is currently 91.43%.
Analyst Ratings Changes
Separately, Jones Trading restated a "hold" rating on shares of Lument Finance Trust in a research report on Tuesday, April 1st.
Get Our Latest Research Report on LFT
Lument Finance Trust Company Profile
(
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.
See Also
Before you consider Lument Finance Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lument Finance Trust wasn't on the list.
While Lument Finance Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
