Lument Finance Trust (NYSE:LFT) Releases 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 13.99% and a return on equity of 13.45%. The business had revenue of $6.96 million for the quarter, compared to the consensus estimate of $8.66 million.

Lument Finance Trust Trading Up 2.2%

Shares of Lument Finance Trust stock opened at $2.32 on Friday. The company has a market capitalization of $121.38 million, a P/E ratio of 12.21 and a beta of 0.81. The company has a debt-to-equity ratio of 4.69, a quick ratio of 6.98 and a current ratio of 6.98. The company has a fifty day moving average of $2.31 and a 200 day moving average of $2.51. Lument Finance Trust has a fifty-two week low of $2.05 and a fifty-two week high of $2.84.

Lument Finance Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 10.3%. Lument Finance Trust's dividend payout ratio is currently 114.29%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Lument Finance Trust by 132.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,058,721 shares of the technology company's stock worth $2,340,000 after buying an additional 604,205 shares during the period. Jane Street Group LLC boosted its holdings in Lument Finance Trust by 117.0% in the 1st quarter. Jane Street Group LLC now owns 124,754 shares of the technology company's stock worth $326,000 after buying an additional 67,254 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in Lument Finance Trust in the 1st quarter worth $66,000. Institutional investors own 19.45% of the company's stock.

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.

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