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MSFT   302.65 (-2.43%)
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GOOGL   2,719.96 (-2.50%)
AMZN   3,178.35 (-1.99%)
TSLA   1,030.51 (-1.82%)
NVDA   259.03 (-3.86%)
BABA   128.60 (-2.26%)
NIO   29.61 (-4.33%)
AMD   131.93 (-3.62%)
CGC   7.78 (-7.38%)
MU   92.87 (-4.61%)
GE   102.89 (-0.26%)
T   27.31 (+0.48%)
F   24.38 (-3.22%)
DIS   152.27 (+0.22%)
AMC   18.84 (-8.41%)
PFE   54.11 (-1.53%)
ACB   5.11 (-7.26%)
BA   225.01 (-0.42%)
QQQ   370.55 (-2.49%)
AAPL   169.80 (-1.89%)
MSFT   302.65 (-2.43%)
FB   318.15 (-4.14%)
GOOGL   2,719.96 (-2.50%)
AMZN   3,178.35 (-1.99%)
TSLA   1,030.51 (-1.82%)
NVDA   259.03 (-3.86%)
BABA   128.60 (-2.26%)
NIO   29.61 (-4.33%)
AMD   131.93 (-3.62%)
CGC   7.78 (-7.38%)
MU   92.87 (-4.61%)
GE   102.89 (-0.26%)
T   27.31 (+0.48%)
F   24.38 (-3.22%)
DIS   152.27 (+0.22%)
AMC   18.84 (-8.41%)
PFE   54.11 (-1.53%)
ACB   5.11 (-7.26%)
BA   225.01 (-0.42%)
QQQ   370.55 (-2.49%)
AAPL   169.80 (-1.89%)
MSFT   302.65 (-2.43%)
FB   318.15 (-4.14%)
GOOGL   2,719.96 (-2.50%)
AMZN   3,178.35 (-1.99%)
TSLA   1,030.51 (-1.82%)
NVDA   259.03 (-3.86%)
BABA   128.60 (-2.26%)
NIO   29.61 (-4.33%)
AMD   131.93 (-3.62%)
CGC   7.78 (-7.38%)
MU   92.87 (-4.61%)
GE   102.89 (-0.26%)
T   27.31 (+0.48%)
F   24.38 (-3.22%)
DIS   152.27 (+0.22%)
AMC   18.84 (-8.41%)
PFE   54.11 (-1.53%)
ACB   5.11 (-7.26%)
BA   225.01 (-0.42%)

Lument Finance Trust, Inc. (NYSE:LFT) Receives Consensus Recommendation of "Buy" from Brokerages

Wednesday, December 29, 2021 | MarketBeat

Shares of Lument Finance Trust, Inc. (NYSE:LFT) have been given an average rating of "Buy" by the eight brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $4.50.

A number of research firms have issued reports on LFT. Zacks Investment Research downgraded Lument Finance Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, November 16th. B. Riley started coverage on Lument Finance Trust in a research note on Friday, October 15th. They set a "buy" rating and a $4.50 price target for the company. Piper Sandler started coverage on Lument Finance Trust in a research note on Friday, December 17th. They issued an "overweight" rating and a $4.50 target price on the stock. Finally, JMP Securities restated a "buy" rating on shares of Lument Finance Trust in a research note on Thursday, November 11th.

Large investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Lument Finance Trust in the 2nd quarter worth approximately $67,000. Millennium Management LLC raised its holdings in Lument Finance Trust by 22.1% during the 1st quarter. Millennium Management LLC now owns 26,859 shares of the technology company's stock valued at $95,000 after acquiring an additional 4,866 shares during the period. Ritholtz Wealth Management raised its holdings in Lument Finance Trust by 68.8% during the 3rd quarter. Ritholtz Wealth Management now owns 33,808 shares of the technology company's stock valued at $134,000 after acquiring an additional 13,774 shares during the period. State Street Corp raised its holdings in Lument Finance Trust by 29.2% during the 2nd quarter. State Street Corp now owns 69,547 shares of the technology company's stock valued at $299,000 after acquiring an additional 15,723 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in Lument Finance Trust by 6,474.7% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 74,754 shares of the technology company's stock valued at $315,000 after acquiring an additional 73,617 shares during the period. 30.60% of the stock is currently owned by institutional investors.

Lument Finance Trust stock traded down $0.08 during midday trading on Wednesday, reaching $3.90. The stock had a trading volume of 337 shares, compared to its average volume of 78,093. Lument Finance Trust has a 12 month low of $2.96 and a 12 month high of $4.48. The company has a market cap of $97.30 million, a P/E ratio of 13.27 and a beta of 1.22. The business has a fifty day moving average price of $3.88. The company has a debt-to-equity ratio of 7.80, a current ratio of 24.30 and a quick ratio of 24.30.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings results on Tuesday, November 9th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.03). Lument Finance Trust had a net margin of 29.77% and a return on equity of 9.57%. During the same period last year, the company posted $0.11 EPS. On average, equities analysts expect that Lument Finance Trust will post 0.39 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Friday, December 31st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.23%. Lument Finance Trust's dividend payout ratio (DPR) is presently 120.00%.

Lument Finance Trust Company Profile

Lument Finance Trust, Inc operates as a real estate investment finance company, which engages in investing, financing, and managing a portfolio of commercial real estate (CRE) debt investments. It primarily invests in transitional floating rate commercial mortgage and other CRE-related investments such as preferred equity; commercial mortgage-backed securities; mezzanine, fixed rate, and construction loans and; other CRE debt instruments.

Read More: Calculating net profit and net profit margin ratio

Analyst Recommendations for Lument Finance Trust (NYSE:LFT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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