Lument Finance Trust - LFT Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lument Finance Trust in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" LFT shares.
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5 Wall Street research analysts have issued 12 month price objectives for Lument Finance Trust's stock. Their LFT share price forecasts range from $2.50 to $3.50. On average, they predict the company's share price to reach $3.00 in the next year. This suggests a possible upside of 53.1% from the stock's current price.
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Lument Finance Trust's stock was trading at $3.84 on January 1st, 2022. Since then, LFT shares have decreased by 49.0% and is now trading at $1.96.
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Lument Finance Trust saw a decline in short interest during the month of October. As of October 31st, there was short interest totaling 92,500 shares, a decline of 13.2% from the October 15th total of 106,600 shares. Based on an average daily trading volume, of 57,800 shares, the days-to-cover ratio is currently 1.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 21st 2023.
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Lument Finance Trust, Inc. (NYSE:LFT) posted its quarterly earnings results on Monday, May, 9th. The technology company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.09 by $0.04. Lument Finance Trust had a net margin of 21.88% and a trailing twelve-month return on equity of 7.06%. During the same period in the previous year, the company earned $0.11 earnings per share.

Lument Finance Trust announced a quarterly dividend on Thursday, September 15th. Investors of record on Friday, September 30th will be given a dividend of $0.06 per share on Monday, October 17th. This represents a $0.24 annualized dividend and a yield of 12.24%. The ex-dividend date of this dividend is Thursday, September 29th.
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Lument Finance Trust (NYSE:LFT) pays an annual dividend of $0.24 per share and currently has a dividend yield of 12.18%. LFT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 120.01%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LFT will have a dividend payout ratio of 104.35% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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Lument Finance Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "LFT."

Lument Finance Trust's stock is owned by many different institutional and retail investors. Top institutional investors include AXA S.A. (6.40%), Vanguard Group Inc. (2.61%), Bulldog Investors LLP (0.78%), BlackRock Inc. (0.34%), Clear Harbor Asset Management LLC (0.27%) and LSV Asset Management (0.15%). Insiders that own company stock include James A Briggs, James Christopher Hunt, 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 $1.96.

Lument Finance Trust (NYSE:LFT) has a market capitalization of $102.37 million and generates $36.19 million in revenue each year. The technology company earns $10.53 million in net income (profit) each year or $0.20 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) 521-6323 or via email at investorrelations@huntcompanies.com.