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 commercial 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. Lument Finance Trust, Inc. is qualified as a real estate investment trust (REIT) under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Hunt Companies Finance Trust, Inc. and changed its name to Lument Finance Trust, Inc. in December 2020. Lument Finance Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.
Lument Finance Trust Stock Performance
Shares of LFT remained flat at $2.62 during mid-day trading on Wednesday. 34,035 shares of the stock traded hands, compared to its average volume of 121,242. The company has a debt-to-equity ratio of 4.58, a quick ratio of 6.64 and a current ratio of 6.64. The business has a 50-day moving average price of $2.50 and a 200-day moving average price of $2.71. Lument Finance Trust has a 1 year low of $2.25 and a 1 year high of $4.19. The company has a market cap of $136.85 million, a PE ratio of 10.92 and a beta of 1.16.
Lument Finance Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, June 29th. This represents a $0.24 annualized dividend and a dividend yield of 9.16%. Lument Finance Trust's payout ratio is 100.00%.