Lument Finance Trust (NYSE:LFT - Get Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
Lument Finance Trust Stock Performance
LFT stock traded up $0.09 during midday trading on Tuesday, reaching $2.40. The company had a trading volume of 46,930 shares, compared to its average volume of 69,257. The firm has a market capitalization of $125.42 million, a PE ratio of 7.80 and a beta of 1.07. The stock has a 50 day moving average price of $2.35 and a 200 day moving average price of $2.27. Lument Finance Trust has a fifty-two week low of $1.61 and a fifty-two week high of $2.56. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 6.50.
Lument Finance Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 11.67%. Lument Finance Trust's dividend payout ratio is currently 93.33%.
About Lument Finance Trust
(
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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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