Lument Finance Trust (LFT) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lument Finance Trust in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LFT shares.
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3 Wall Street research analysts have issued 12 month price objectives for Lument Finance Trust's shares. Their LFT share price forecasts range from $2.00 to $3.00. On average, they anticipate the company's stock price to reach $2.56 in the next year. This suggests a possible upside of 16.0% from the stock's current price.
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Lument Finance Trust's stock was trading at $1.90 at the start of the year. Since then, LFT stock has increased by 16.3% and is now trading at $2.21.
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Lument Finance Trust saw a increase in short interest in September. As of September 15th, there was short interest totaling 50,800 shares, an increase of 16.5% from the August 31st total of 43,600 shares. Based on an average daily trading volume, of 35,300 shares, the short-interest ratio is presently 1.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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Lument Finance Trust, Inc. (NYSE:LFT) announced its quarterly earnings results on Thursday, May, 11th. The technology company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by $0.03. The technology company earned $22.39 million during the quarter, compared to analysts' expectations of $6.72 million. Lument Finance Trust had a trailing twelve-month return on equity of 6.43% and a net margin of 15.90%.

Lument Finance Trust declared a quarterly dividend on Thursday, September 14th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.07 per share on Monday, October 16th. This represents a $0.28 annualized dividend and a yield of 12.67%. The ex-dividend date is Thursday, September 28th. This is an increase from the stock's previous quarterly dividend of $0.06.
Read our dividend analysis for LFT.

Lument Finance Trust (NYSE:LFT) pays an annual dividend of $0.24 per share and currently has a dividend yield of 10.91%. LFT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 160.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LFT will have a dividend payout ratio of 61.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LFT.

Lument Finance Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "LFT."

Lument Finance Trust's stock is owned by a number of institutional and retail investors. Top institutional investors include Corsair Capital Management L.P. (0.21%), Johnson Investment Counsel Inc. (0.14%), Clear Harbor Asset Management LLC (0.14%), Renaissance Technologies LLC (0.05%) and Cerity Partners LLC (0.04%). Insiders that own company stock include James A Briggs, James Christopher Hunt, James J Henson, James Peter Flynn, Walter C Keenan and William A Houlihan.
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Shares of LFT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LFT stock can currently be purchased for approximately $2.21.

Lument Finance Trust (NYSE:LFT) has a market capitalization of $115.43 million and generates $53.02 million in revenue each year. The technology company earns $9.86 million in net income (profit) each year or $0.15 on an earnings per share basis.

Lument Finance Trust's mailing address is 15/F, Block A, Chuangxin Building Software Park, XIAMEN, FUJ 361005, China. The official website for the company is www.longtop.com. The technology company can be reached via phone at (212) 317-5700 or via email at investorrelations@huntcompanies.com.