Lument Finance Trust Stock Price, News & Analysis (NYSE:LFT)

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lument Finance Trust in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" LFT shares.
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2 brokerages have issued 12-month price targets for Lument Finance Trust's shares. Their LFT share price targets range from $2.00 to $3.00. On average, they expect the company's share price to reach $2.56 in the next year. This suggests a possible upside of 18.6% 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 shares have increased by 13.7% and is now trading at $2.16.
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Lument Finance Trust saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 41,200 shares, a drop of 6.6% from the October 15th total of 44,100 shares. Based on an average trading volume of 30,700 shares, the short-interest ratio is currently 1.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 28th 2024.
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Lument Finance Trust, Inc. (NYSE:LFT) announced its quarterly earnings data 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 net margin of 16.68% and a trailing twelve-month return on equity of 8.16%.

Lument Finance Trust announced 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 dividend yield of 12.96%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from the stock's previous quarterly dividend of $0.06.
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Lument Finance Trust (NYSE:LFT) pays an annual dividend of $0.28 per share and currently has a dividend yield of 13.21%. LFT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 116.67%. 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 68.29% next year. This indicates that the company will be able to sustain or increase its dividend.
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Lument Finance Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include Punch & Associates Investment Management Inc. (3.17%), Johnson Investment Counsel Inc. (0.16%), Clear Harbor Asset Management LLC (0.12%) and Concourse Financial Group Securities Inc. (0.00%). 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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