Shares of Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.61 and traded as high as $2.68. Lument Finance Trust shares last traded at $2.66, with a volume of 87,428 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Jones Trading reaffirmed a "hold" rating on shares of Lument Finance Trust in a research note on Tuesday, April 1st.
Get Our Latest Stock Report on Lument Finance Trust
Lument Finance Trust Price Performance
The firm has a market capitalization of $139.93 million, a PE ratio of 7.43 and a beta of 0.83. The stock's 50 day simple moving average is $2.64 and its two-hundred day simple moving average is $2.62. The company has a debt-to-equity ratio of 5.39, a quick ratio of 6.29 and a current ratio of 6.29.
Lument Finance Trust (NYSE:LFT - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The technology company reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. The firm had revenue of $9.55 million for the quarter, compared to the consensus estimate of $8.89 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. On average, sell-side analysts forecast that Lument Finance Trust, Inc. will post 0.42 EPS for the current year.
Lument Finance Trust Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 11.96%. The ex-dividend date was Monday, March 31st. Lument Finance Trust's payout ratio is currently 91.43%.
Institutional Trading of Lument Finance Trust
Several hedge funds have recently made changes to their positions in LFT. Bailard Inc. acquired a new position in Lument Finance Trust in the first quarter valued at approximately $47,000. Millennium Management LLC acquired a new position in shares of Lument Finance Trust in the 4th quarter valued at $160,000. Balyasny Asset Management L.P. purchased a new position in shares of Lument Finance Trust during the 4th quarter worth $49,000. Jane Street Group LLC purchased a new position in shares of Lument Finance Trust during the 4th quarter worth $148,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Lument Finance Trust during the 4th quarter worth about $87,000. 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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