Lument Finance Trust's (LFT) Buy Rating Reaffirmed at Jonestrading

Jonestrading reaffirmed their buy rating on shares of Lument Finance Trust (NYSE:LFT - Free Report) in a report published on Monday, Benzinga reports. Jonestrading currently has a $2.50 price target on the technology company's stock.

Lument Finance Trust Stock Performance

Shares of LFT traded up $0.07 during mid-day trading on Monday, reaching $2.44. The company had a trading volume of 96,225 shares, compared to its average volume of 71,043. The stock has a 50 day moving average of $2.36 and a two-hundred day moving average of $2.28. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 6.50. The stock has a market capitalization of $127.51 million, a P/E ratio of 7.63 and a beta of 1.07. Lument Finance Trust has a 52-week low of $1.66 and a 52-week high of $2.56.

Lument Finance Trust (NYSE:LFT - Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The technology company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.02. The firm had revenue of $33.71 million for the quarter, compared to analyst estimates of $10.56 million. Lument Finance Trust had a net margin of 16.43% and a return on equity of 12.64%. On average, analysts expect that Lument Finance Trust will post 0.43 earnings per share for the current year.

Lument Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 11.48%. Lument Finance Trust's dividend payout ratio is presently 87.50%.

Institutional Trading of Lument Finance Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in LFT. Hillsdale Investment Management Inc. increased its stake in Lument Finance Trust by 110.7% during the first quarter. Hillsdale Investment Management Inc. now owns 75,000 shares of the technology company's stock worth $187,000 after acquiring an additional 39,396 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Lument Finance Trust by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 1,557,677 shares of the technology company's stock valued at $3,879,000 after acquiring an additional 127,887 shares during the period. LSV Asset Management acquired a new position in shares of Lument Finance Trust in the 1st quarter worth approximately $41,000. Melia Wealth LLC purchased a new position in shares of Lument Finance Trust during the 1st quarter worth approximately $489,000. Finally, Foundations Investment Advisors LLC acquired a new stake in Lument Finance Trust in the 4th quarter valued at approximately $211,000. Institutional investors and hedge funds 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.