Lument Finance Trust, Inc. (NYSE:LFT) Short Interest Update

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 57,500 shares, a growth of 18.1% from the March 15th total of 48,700 shares. Based on an average trading volume of 107,300 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company's stock are sold short.

Institutional Trading of Lument Finance Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Lument Finance Trust in the fourth quarter worth about $48,000. Y Intercept Hong Kong Ltd acquired a new stake in Lument Finance Trust during the 4th quarter valued at approximately $48,000. Balyasny Asset Management L.P. purchased a new stake in shares of Lument Finance Trust in the 4th quarter valued at $49,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Lument Finance Trust in the fourth quarter worth $87,000. Finally, Barclays PLC purchased a new position in shares of Lument Finance Trust during the third quarter worth $120,000. Institutional investors and hedge funds own 19.45% of the company's stock.

Analysts Set New Price Targets

Separately, Jones Trading reaffirmed a "hold" rating on shares of Lument Finance Trust in a report on Tuesday, April 1st.

Lument Finance Trust Stock Up 1.5 %

NYSE LFT traded up $0.04 during trading on Friday, hitting $2.67. The company's stock had a trading volume of 81,462 shares, compared to its average volume of 109,704. Lument Finance Trust has a fifty-two week low of $2.22 and a fifty-two week high of $2.84. The company has a market cap of $139.67 million, a PE ratio of 7.42 and a beta of 0.83. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The business's 50 day simple moving average is $2.65 and its 200-day simple moving average is $2.61.

Lument Finance Trust (NYSE:LFT - Get Free Report) last released its earnings results on Wednesday, March 19th. The technology company reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. The company had revenue of $9.55 million during the quarter, compared to analysts' expectations of $8.89 million. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. On average, equities analysts anticipate that Lument Finance Trust will post 0.42 EPS for the current fiscal year.

Lument Finance Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 11.99%. The ex-dividend date of this dividend was Monday, March 31st. Lument Finance Trust's payout ratio is 91.43%.

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.