Lument Finance Trust (NYSE:LFT) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• Lument Finance Trust reported an earnings per share (EPS) of $0.05, missing analysts' expectations of $0.08 by $0.03.
• The company announced a quarterly dividend of $0.06, which results in an annualized yield of 10.3%, despite a current payout ratio of 114.29%.
• Shares of Lument Finance Trust increased by 2.2% following the earnings announcement, with the stock's market capitalization at approximately $121.38 million.

Lument Finance Trust (NYSE:LFT - Get Free Report) issued its quarterly earnings data on Friday. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03), Zacks reports. Lument Finance Trust had a net margin of 14.50% and a return on equity of 12.51%. The company had revenue of $6.96 million for the quarter, compared to analysts' expectations of $8.66 million.

Lument Finance Trust Trading Down 1.1%

LFT traded down $0.03 during trading on Thursday, hitting $2.18. 117,749 shares of the stock were exchanged, compared to its average volume of 190,157. The firm has a 50 day simple moving average of $2.28 and a 200 day simple moving average of $2.50. The firm has a market cap of $113.84 million, a price-to-earnings ratio of 11.45 and a beta of 0.81. Lument Finance Trust has a 1 year low of $2.05 and a 1 year high of $2.84. The company has a debt-to-equity ratio of 4.35, a quick ratio of 6.98 and a current ratio of 6.41.

Lument Finance Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 11.0%. Lument Finance Trust's payout ratio is currently 126.32%.

Institutional Trading of Lument Finance Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Lument Finance Trust during the 2nd quarter valued at about $55,000. Goldman Sachs Group Inc. purchased a new position in shares of Lument Finance Trust in the 1st quarter valued at about $66,000. Invesco Ltd. acquired a new stake in Lument Finance Trust in the 2nd quarter worth about $63,000. JPMorgan Chase & Co. boosted its holdings in Lument Finance Trust by 55,468.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 37,231 shares of the technology company's stock worth $82,000 after buying an additional 37,164 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in shares of Lument Finance Trust in the second quarter valued at approximately $98,000. Institutional investors own 19.45% of the company's stock.

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.